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Dragonpay Review

Dragonpay
Our score: 8.0 User satisfaction: N/A

What is Dragonpay?

Dragonpay offers online payment solutions to companies and consumers in the Philippines. Using their gateway, customers can make online purchases and pay for them by check or cash at ATMs and physical payment counters, as well as via mobile wallets and online account debit. Philippines is a country where a majority of the people do not have bank accounts or credit cards. Therefore, Dragonpay helps people in that country to make convenient purchases online and pay using their preferred method.

Ecommerce stores in the Philippines also benefit from Dragonpay’s payment options. Its solutions are utilized by hundreds of online stores, daily deals, and travel and retail businesses.

Dragonypay is a great payment solution for people who do not have credit cards or PayPal accounts. The platform automatically tracks offline and online payment transactions, and sends a notification to the concerned merchant when a payment is made.

Overview of Dragonpay Benefits

Dragonpay is a suitable payment solution for the Philippines where most people use cash for their purchases. Online merchants can lose a lot of business because consumers do not have a credit card and therefore cannot make online purchases. Dragonpay’s payment methods thus benefit both consumers and merchants.

Consumers can use the following payment modes via Dragonpay:

Online banking: If you have a bank account, you can use it to buy online and the payment will be debited instantly from your account.

Over-the-counter (OTC) banking: You can go to a local bank branch and pay at the counter. The merchant is notified after the payment is done.

OTC non-bank: Instead of going to a bank branch, you can make cash payment at a retail store or partner branch.

What benefits does Dragonpay offer to merchants? Here is the list:

Both consumers and merchants are assured of secure transactions. Customers don’t need to reveal their credit card details online while merchants are shielded from credit card frauds. Merchants also get assured payments for sales on their site because of Dragonpay’s no cash-back policy.

Merchants can reach more consumers and expand their market share in the Philippines without being affected by lack of credit card usage. They can benefit from the alternative payment methods offered by Dragonpay.

Finally, merchants can enjoy higher profit margins because Dragonpay does not take a fixed percentage of the total sales. The pricing is more merchant-friendly as they charge a fixed fee per transaction.

Overview of Dragonpay Features

  • Online payment solution
  • Recurring payments
  • Mass payout
  • Online payment collection
  • Personal escrow service
  • Secure transactions
  • No-chargeback payment policy
  • Fixed fee per transaction
  • Customer support via phone, email, and live chat

Dragonpay Position In Our Categories

Knowing that companies have special business-related requirements, it is reasonable they avoid deciding on an all-encompassing, ideal software system. Just the same, it would be futile to try to discover such an app even among popular software solutions. The clever thing to do should be to shortlist the several main aspects which entail examination such as important features, costing, technical skill capability of the users, business size, etc. Thereafter, you should conduct the research exhaustively. Have a look at these Dragonpay analyses and scrutinize each of the software solutions in your list in detail. Such comprehensive product research guarantee you keep away from mismatched apps and pay for the one that has all the tools you require business requires.

Position of Dragonpay in our main categories:

TOP 100

Dragonpay is one of the top 100 Payment Gateway products

If you are interested in Dragonpay it may also be sensible to investigate other subcategories of Payment Gateway collected in our database of SaaS software reviews.

Companies have diverse wants and requirements and no software solution can be just right in such a situation. It is futile to try to find a perfect out-of-the-box software product that meets all your business requirements. The smart thing to do would be to adapt the system for your specific wants, staff member skill levels, finances, and other aspects. For these reasons, do not hurry and invest in well-publicized leading solutions. Though these may be widely used, they may not be the best fit for your unique requirements. Do your homework, check out each short-listed system in detail, read a few Dragonpay Payment Gateway reviews, speak to the vendor for explanations, and finally select the application that presents what you need.

How Much Does Dragonpay Cost?

Dragonpay Pricing Plans:

Free Trial

One-time setup charge

PHP 28,000

Online Banking

PHP 10.00

OTC Banking

PHP 15.00

OTC Non-Banks

PHP 20.00

Here is Dragonpay’s fee schedule:

Channel Transaction Cost
Online Banking PHP 10.00
OTC Banking PHP 15.00
OTC Non-Banks PHP 20.00

There is a one-time setup charge of PHP 28,000 including VAT. Merchants do not have to pay annual fees but if they don’t have transactions for a year, they will be deactivated automatically. Settlement is weekly.

Fee Schedule for Micropayments

Merchants who sell low-value products (PHP200 or below) can opt for the Micropayments Plan. Here, Dragonpay charges 5% of the transaction amount and not fixed fees. The Micropayments Plan also has a one-time setup charge of PHP 28,000 (including VAT).

User Satisfaction

Positive Social Media Mentions 0
Negative Social Media Mentions 0

We realize that when you make a decision to buy Payment Gateway it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Dragonpay reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Dragonpay. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

Technical details

Devices Supported

  • Web-based

Deployment

  • Cloud Hosted

Language Support

Pricing Model

  • Quote-based

Customer Types

  • Small Business
  • Large Enterprises
  • Medium Business

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

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What are Dragonpay pricing details?

Dragonpay Pricing Plans:

Free Trial

One-time setup charge

PHP 28,000

Online Banking

PHP 10.00

OTC Banking

PHP 15.00

OTC Non-Banks

PHP 20.00

Here is Dragonpay’s fee schedule:

Channel Transaction Cost
Online Banking PHP 10.00
OTC Banking PHP 15.00
OTC Non-Banks PHP 20.00

There is a one-time setup charge of PHP 28,000 including VAT. Merchants do not have to pay annual fees but if they don’t have transactions for a year, they will be deactivated automatically. Settlement is weekly.

Fee Schedule for Micropayments

Merchants who sell low-value products (PHP200 or below) can opt for the Micropayments Plan. Here, Dragonpay charges 5% of the transaction amount and not fixed fees. The Micropayments Plan also has a one-time setup charge of PHP 28,000 (including VAT).

What integrations are available for Dragonpay?

No information available.

 

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Reviewed By Jenny Chang
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