The MoBeePay iPhone application allows
buyers and sellers to connect and transact business in seconds without
having to go through a time-consuming, risky payment process. Unlike
PayPal, MoBeePay removes the need for a web based store and moves the
transaction anywhere a merchant or consumer desires whether in the
digital or the physical world.
Sellers register their products with MoBeePay and receive
MoBeeTags and or MoBeeCodes from
MoBeePay, which are stored in the MoBeeHive (cloud). Buyers merely
point their iPhone camera at the MoBeeTag in a magazine, on a billboard,
or any print ad. Once the MoBeeTag is captured by the app the data is
securely sent to the MoBeeHive. The MoBeeTag is compared, verified, and
then the purchase is completed instantly if the user has signed in to
their MoBeePay account.
If a user has not signed in they will be prompted to either
sign in or sign up for an account directly in the MoBeePay app. The
seller is notified of a successful purchase and the merchandise is
shipped directly to the consumer from the manufacturer or retailer to
the address on file, or in the physical world, handed to the buyer.
Buyers who are unable to capture an accurate image are also able to
enter a MoBeeCode as an alternative. This MoBeeCode or MoBeeTag can
also be sent via SMS or MMS to the MoBeeHive if the user does not have
an app compatible phone.
Like Square or VeriFone’s PAYware, MoBeePay will soon
be offering a MoBeeMerchant application with hardware (MoBeeSwipe) that
will enable mobile merchants or small retailers to accept credit and
debit purchases at card present rates by plugging the MoBeeSwipe into an
earjack.
Utilizing the same MoBeeTags with MoBeeMerchant, merchants can
avoid the need for costly POS systems while still enjoying the benefits
of an electronic transaction and inventory management system at
competitive merchant discount rates.
MoBeePay was developed by Kent Mages and Kenneth Mages and has
multiple patents pending. All MoBee terms herein are trademarked.
