Samsung Pay Marks a Milestone By Connects to Prepaid Cards in France

Apr 25, 2019

Samsung Pay is providing greater flexibility and possibilities to consumers in France.

For the first time in France, PCS MasterCard prepaid card users can make mobile payments through Samsung Pay.

Samsung Electronics France recently partnered with French card issuer Prepaid Financial Services to allow its fleet of PCS Mastercard prepaid cards to be loaded onto the Samsung Pay wallet.

PCS Mastercard prepaid products that can be used on Samsung Pay include:

  • PCS Black
  • PCS Chrome
  • PCS Virtual

The tokenization security for the cards will be offered through MasterCard’s digital enablement services. It uses biometric identification, or a PIN code, and data encryption provided through Samsung Knox.

Understanding the Payment Arrangement

The Samsung Pay-PCS payment method is an unrestricted payment solution that is available and reloadable online at 32,000 stores across France.

This method offers a number of benefits, including making it easier for users to make payments while traveling without transmitting details about their banking information.

Cardholders will now be able to make payments without having to pull out their cards. Also, PCS cardholders will receive notifications of their purchases immediately when they use Samsung Pay.

More than a half million prepaid cardholders could potentially benefit from the Samsung Pay option, according to reports.

What This Means for France

The of smartphone users in France was estimated to reach 43.35 million in 2017, according to the statistical portal, Statista. The number of smartphone users worldwide are projected to exceed 2 billion users by that time. From 2015 to 2022, the number of smartphone users is projected to climb by 68 million users.

Samsung recognized the potential and took the leap. Now that it has happened, expect other wallets to follow its lead. Once the ground is broken, many other mobile wallets will be waiting and line to provide other options for consumers.

As a larger number of consumers demand the ease of mobile payments, wallets have no choice but to fall in line and make themselves available. Most merchants, fintechs, and other players realize the importance of mobile payments and will do their best to remain competitive.

Apply Now for Merchant Account Services

As the mobile payment movement continues, merchants need to follow suit. If you are a business in need of a merchant account or credit card processing, then contact eMerchantBroker.com. It offers payment solutions for all types of companies, including those categorized as high risk.

It offers a simple online application process. Eligible applicants get approved in just a few days. Apply online today, and start processing debit and credit card transactions.

Let us help you get a high risk merchant account today!

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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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