International Payment Services
IFPI figures show that digital music revenues in 2007 reached $ 2.9 billion. While the Music industry is moving fast, the most monetizing and effective business models are yet to be defined - this can be your opportunity. At GlobalCollect, we help you to identify the best payment methods and business models to support your expansion into a rapidly growing market. We also monitor the challenges and trends of the industry and work continually to address them, for example:
Apart from the most accepted card methods, we offer alternative local payment methods such as credit and debit cards, eWallets and prepaid vouchers. The latter work well in dealing with micro-payments due their ease of use (recognized comfort factor) as well as the low transaction cost, which benefit you as a company as well as your consumers. Another advantage is the fact that they are real-time payments which means they are reconciled, cleared, and reported instantaneously.
We all know DRM copyright is a major industry issue; likewise selling directly to consumers can have its risks. At GlobalCollect, we offer a customized Fraud Screening Service, which uses the most suitable tools for your business, such as negative database checks, real-time bank account validations, or IP geolocation determination. Our dedicated efforts to minimize transaction risks evolve continually.
It is important to understand your consumers wherever they may be located. What are their needs and preferences? Our in-depth local knowledge has taught us that localizing your payment solutions, from Konbini in Japan to Ukash in the UK, can result in a 22% conversion rate increase. The current top five markets in the Music industry are: US, Japan, UK, Germany, and South Korea - showing a broad cultural mix. Accordingly, our extensive portfolio includes payment methods in over 200 countries and for 170 currencies.
Years of experience in the gaming industry, where micro-payments are also preferred, and insights by working with clients such as iTunes, have given us a clear understanding of the music e-commerce landscape. Our dedicated team will work with you from defining the right strategy, to assisting you throughout the implementation phase to offering continual support thereafter. If you are interested in speaking to an industry expert for a free consultation, please contact us now.