What is the difference between NetCents and other payment companies?

We’re really, really good looking. JK. But not really.
Most other payment transaction companies are credit card based, meaning before you can purchase anything, you need to enter your credit card information into their website. Anytime you use your credit card either online or in store, you leave a digital record behind. With a NetCents transaction, that never happens, and it’s not because you’re wearing a whole bunch of camo or Harry Potter’s invisibility cloak. With us, your financial and personal information always stays within your bank.

How does NetCents work?

Email address + bank account = complete awesomeness. That’s math that we like. Your NetCents account is connected directly to your bank account – all you need is a current bank account and a valid email address, and you’re ready to go. Anytime you make a transaction through NetCents, there is no personal information divulged, no trace of your presence left behind. We’re like the CIA, just less intimidating, and with cooler suits and ties.

Just how secure is NetCents?

Very secure.

Just how secure is very secure? We’re talking moats and drawbridges, safes with lasers and eye scanners. Your personal financial information remains with your financial institution, residing behind their firewalls. Even if someone were to hack into your NetCents account, they would would be pretty disappointed - your NetCents account contains zero personal information.

My credit card has a chip. Is that not secure enough?

To quote Destiny’s Child: No no no no no.

Current security credit card protection is designed to eliminate about 1/12 of 1% of credit card fraud – which isn’t enough for you, so why should it be enough for us? Not to mention ID theft – catfish anyone? It’s estimated that 1 in 10 North American consumers has experience some level of Identity Theft, and the Bureau of Justice Statistics estimates identify theft cost US consumers over $24 billion in 2012 alone.

How can you guarantee payments to merchants?

We know, we know. It all sounds too good to be true, right? But it’s not magic. Our platform can do this because fund verification occurs prior to the transactions happening online. The purchaser transfers funds into their NetCents account, where funds are then verified. The transaction is not finalized if there is insufficient funds in the purchaser’s NetCents account.

What do you mean by expanding a merchant’s customer base?

It’s a different world than your mom and dad’s these days. And despite what grandpa says, you shouldn’t have to do things the old fashioned way, no matter how much snow he walked uphill through. Everyone has a different financial background. Not everyone has a credit card, not everyone wants one. And there is a large, untapped market segment consisting of millions of prospective consumers who identify with this challenge. We want these consumers to only need a bank account and a NetCents account before they can shop online.

How safe is my money in my NetCents account?

You know that scene in Lord of the Rings when Gandalf hands Frodo the ring and tells him to keep it secret, keep it safe? Well, we’re Frodo, and you’re Gandalf, and we’re taking it all the way to Mordor. Only replace ring with your money and minus the part where we throw it into a fire-y, fictional mountain of doom. Your money in your NetCents account is as safe as your financial institution is. Your money does not leave your Bank or Credit Union until you make a purchase or transfer the funds.

Is NetCents a bank?

No. NetCents is an electronic payment platform that allows users to pay either in cash or cyber-currency. We’re the alternative to banks. We’re the cool, new hipster at school in second hand leather, vintage Ray Bans, and perfectly disheveled hair that you want to be friends with and kind of, sort of hate for being so casually suave (sorry/not sorry).

Is NetCents available all over the world?

We are currently available in 24 different countries around the world, including North America, Australia, the United Kingdom, Hong Kong, and the Philippines, and are continually expanding. Passports on fleek.