Despite the fact that millions of Filipinos do not have access to credit cards, electronic wallets, or PayPal accounts, they are nonetheless able to make purchases online using Dragon loans online application. The fiery design of the Dragonpay logo is meant to represent the company’s significant contribution to the development of online financial transactions in the Philippines.
Working model of Dragon Loans Online Application:
Its working model is extremely straightforward. Dragon pay will often be listed as a payment option during the checkout process of these types of stores, typically alongside credit cards, debit cards, and internet banking. However, the status of his payment will show as “waiting” on the retailer’s website. It is necessary for him to deposit the money into the designated Dragonpay account using banks, ATMs, an online transfer, or approved collection centers in order for the order to be processed successfully.
Key benefit for the customer:
The retailer will be notified by Dragonpay regarding the payment as soon as the funds have been received. The fact that a client does not require a credit card or even a bank account in order to make an online purchase is the key benefit for the customer. To make a purchase online using Dragon pay all that is required in addition to a working email account is a valid email address. In addition, there is no fee for users.
Cutting-edge security systems:
Dragon Pay uses one of the most cutting-edge security systems currently on the market in order to offer its customers the highest possible level of protection for the financial transactions they conduct using the service. By removing the requirement that users supply their credit card information, Dragon pay reduces the likelihood that either customers or business owners would have their credit card information stolen. Businesses who offer Cash on Delivery are up against a number of significant problems, one of the most significant of which being the chance that their consumers could refuse to pay for their products or accept them when they are delivered. This results in increased overhead costs because they are compelled to make payments to the logistics team regardless of whether or not the product has been delivered. This occurs regardless of whether or not the shipment has been delivered. Due to its policy, Dragon pay will only issue refunds in the event that the problem was caused by something directly related to the payments. It gives the merchant a guarantee of payments and helps him avoid excessive expenses, both of which are beneficial to the business.
Dragonpay streamlines the process of making foreign purchases for Filipinos:
In addition to being a Platinum Partner of PayPal, which is the highest degree of channel cooperation that can be achieved, Dragonpay streamlines the process of making foreign purchases for Filipinos. Dragonpay online application is a solution that has been specifically crafted for Filipinos. And it enables both the client and the merchant to participate as a legitimate international player in a market economy driven by the internet.
Make an online payment with Dragon pay:
The process of making a payment using Dragonpay is an easy one to follow.
- First thing you need to do is go through the checkout procedure and choose “Dragonpay” as your form of payment.
- The Dragonpay page will provide you with a list of the many payment methods that are compatible with Dragonpay, including Online Banking, Over-the-Counter (OTC) Banking, Over-the-Counter Non-Banks, and many more.
- The system will ask you to enter your email address so that it can send you the appropriate payment instructions based on the options you’ve selected. You also have the option of getting the payment instructions shown on the interface itself, which is another choice.
- The next step requires you to check your inbox for an email from Dragonpay with the subject line “Deposit Instruction.” The relevant payment information, including the biller’s name, the reference number, the due date, and the total amount, will be included in the email.
- If you selected “Online Transfer,” now is the time to go in to your bank account and finish making the payment.
- After making the payment, verify the transaction by clicking on the confirmation link that was sent to you through email. In order to accomplish this, the customer needs to change the essential payment details in the validation interface.
- If the validation of your Dragonpay transaction was successful, the status of your payment will switch from “Pending” to “Approved” on the merchant’s website.
- You will shortly receive a confirmation email from Dragonpay, which will contain the specifics of your transaction.
However, despite the fact that Dragon pay is a very efficient means of payment, it is not yet an adequate replacement for credit cards. One of the most major drawbacks associated with using Dragon pay is the length of time that is necessary to complete a transaction.
