Mobimoneybox
MobiMoneyBox is a system enabling to proceed online micropayments and donate through a text message from a mobile phone or dials from a land line phone. MobiMoneyBox is an electronic alternative towards such online payment methods as credit card or transfer from a bank account, offering to operate payments from: an online store, a website, an online auction, and all the rest there is.
Like other services of this type (i.e. PayPal), MobiMoneyBox enables to perform and manage a donation function, since donations have become a serious income source for bloggers, programmers or freelancers.
Features
MobiMoneyBox enables its users to send, receive and accumulate funds from 36 countries and to automatically convert them into mobiCoin. Individual accounts are recharged using an extended text messages feature and dials from a land line phone. The international virtual mobiCoin currency is used by the users freely, spent in online stores, transferred, donated or paid out to a bank account.
Bank status
The funds turnover process within the system does not make MobiMoneyBox.com a bank and therefore the system and the service itself isn't applicable to Bank Law.