GE Money

GE Money enables its online shoppers to pay for goods and services using online bank transfers as payment method. Merchants benefit from payment guarantee and swift settlement.

INTRODUCTION

GE Money is part of the GE Capital operating division of General Electric. The division, headquartered in London, has 130 million global customers and offers a range of financial products. By accepting GE Money's online banking as a payment method, merchants can offer a secure checkout payment method. Online shoppers that use the online banking service of GE Money are redirected to their trusted home banking website to complete the payment online. These online bank transfers are normally settled within 1-2 business days and will not be eligible for chargebacks. See below for all Payment Service Providers enabling ecommerce merchants to accept GE Money online bank transfers.

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E-wallets will equal cards as the most popular payment method globally.
In 2012, $295 billion was processed through e-wallet payments. This is set to rise to $1,656 billion by 2017.

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