Category Archives:Payment Gateway
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SmartTrans continues to ramp up mobile and online revenue
It also earns royalties for providing a payment gateway for other app providers to sell into the Chinese market. Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with …
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Q&A: What is a good payment gateway slash merchant account solution?

Question by Paul: What is a good payment gateway slash merchant account solution?
I am looking for a payment solution for my e-commerce shop. I am interested in a gateway / merchant account combo.

I have heard of Total Merchant Services.

I really need some recommendation.

Thanks!

Best answer:

Answer by mss
Payment gateway is a part of an eCommerce merchant account. A merchant account is the service that enables you to accept card payments. Payment gateway is an online service that merchant account providers use for transferring payment details between the merchant website and the bank processing center. The payment gateway will be integrated directly with your shopping cart. The integration process varies by providers and will be handled by their technical staff. Generally the following documents will be required during a merchant account application process:

1. A merchant application – you will have to complete and sign this form. It includes general information about you and your business.
2. A copy of your organization’s Articles of Incorporation, unless you are a sole proprietor.
3. A copy of a voided check for the account that you will want your money to be deposited into.
4. Business or personal financials. Your tax returns for the last two years may be requested if your business is new.

There are many things you need to know when selecting a payment processing provider. The most important issue is processing costs – you certainly don’t want to be overcharged. The costs are comprised of various fees and charges and I have given you a breakdown below.

1. Discount rate – the amount a merchant is charged by his acquirer for processing the merchant’s transactions. It consists of a percentage fee (e.g. 2.19%) and a fixed, per transaction, fee (e.g. $ 0.25). You should not agree to anything higher than 2.19% + $ 0.25.

2. Authorization fee – another “per-transaction” fee. You should not pay more than $ 0.12.

3. Application and set up fee – one-time fees to apply for and set up your account. You should NOT pay ANY set up or application fees!

4. Monthly maintenance fee – as the name suggests, it is charged monthly to keep your account on file. You should not be paying more than $ 10.

5. Support fee – another monthly charged for customer service. You should NOT pay ANY such fees.

6. Virtual terminal fee – a virtual terminal is the application that you will open in your browser and enter the payment information as you are taking it over the phone or getting it from a form you got in the mail. It should be provided for free.

7. Gateway fee – it should not cost you more than $ 15 per month.

Once your selection is made and all required paperwork is submitted, the set up of your merchant account should take no longer than two business days.

Add your own answer in the comments!

Indian payment gateway?

Question by chidambaram: Indian payment gateway?
Hi

I am looking for the payment gateway for my new business , Please suggest me which one of the payment gateway is best for start up business .

Best answer:

Answer by revathy_04
Payment gateway option is depends upon the country you are doing business , It is like opening a bank account in western countries like USA . In our country we have lot of limitation.
check the url for list of payment gateway servcie provider in india .

http://blog.mioot.com/payment-gateway-comparison/

Add your own answer in the comments! cheap essay writing uk

Coversure chooses Callstream for PCI compliance

Coversure chooses Callstream for PCI compliance
The details are then forwarded directly and securely to the Coversure credit card payment gateway. Because data is passed securely to the payment gateway and not stored, Vault achieves PCI Level 1 compliance, whilst at the same time satisfying FCA …
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Apriva to Preview AprivaPay Plus v3.0 at TRANSACT 14
SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Apriva, the leading provider of end-to-end wireless transactions, gateway services, and secure information solutions, announced that it will preview its next-generation AprivaPay™ Plus mobile payment acceptance …
Read more on Business Wire (press release)

All you want to know about gross merchandise value
However, in the case of an e-commerce company with a "market-place" model, profit is equal to revenue minus costs like volume discounts, marketing, payment gateway costs and other expenses. Experts are of the view that given the focus of most …
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What is Internet Payment Gateway?

Question by kumaran: What is Internet Payment Gateway?
An internet payment gateway is the most important part of any online business. What an internet payment gateway enables is a way for your site to process credit and debit card payments. One is a gateway which processes the credit card numbers and the second method is an internet payment gateway which collects the numbers and necessary information with you needing to run the numbers yourself on an offline credit card machine. Many companies, banks and websites offer this service online.

Best answer:

Answer by Sky Lin
An online Internet payment gateway allows you to process credit card orders from your website in real time. This way, the customer knows immediately whether or not their credit card was approved.

A shopping cart is usually used before the payment gateway. This function allows your customers to pick and choose the various items they want to purchase from your website, including options such as size, color, etc. At checkout the shopping cart totals the items, adds tax and shipping and collects the customers shipping and billing information.

The payment gateway captures the credit card transaction, encrypts the transaction information, routes it to the credit card processor and then returns either an approval or a decline notice.

This is a seamless process and your customer does not directly interact with the payment gateway as data is forwarded to the gateway via your shopping cart and a secure connection.

There are three vital things that an online payment gateway does when a customer attempts to make a purchase from your website using a credit card or a debit check card. These include authorization, settling, and reporting.

What do you think? Answer below!

Benefits of Binary Options

 

Benefits of Binary Options

In finance, binary option can be defined as a type of option whereby, the reimbursement is designed to be a particular amount of money or nothing at all. Binaryoptionsbluebook.com can help you select the best performing ones. Thus, for a binary option to be defined as successful it will only be determined by two options. In finance, some of the benefits of binary option include:

 

Simplified trading. Binary options make trading simpler. It only leaves the investor with one single option while the broker is left to take care of the rest of the variables. In this case, there are only two outcomes expected and this will not be affected by whether there is a rise or fall in the market.

Secondly, with binary options, there is limited risk. This is because it leaves the investor with only two options to choose from. The investor is able to know the exact amount of loss that is likely to be incurred in case the business is unsuccessful or the amount of profit that will be gained in case it turns out successful. If the speculation turns out to be correct then the returns are likely to be very high.

Binary options also provide high potential yields in business. This is because they attract traders regardless of the rise or fall in the market. It still allows traders to make money regardless of these conditions. There is some speculation that binary options may pose a very big risk to investors but this is not the case. This is because the binary options are accessed easily by both the experienced and new investors.

Binary options also enable an investor to calculate the latent profit as well as the specific exposure. This enables them to get rid of all the uncertainties prior to placing a trade. In this case, the price of a particular asset will be of less importance and the investor is left to focus only on its direction. This is what attracts many traders because of the unpredictable nature of the binary options.

Due to competition, brokers have been giving out a variety of binary option products. However, regardless of the two choices left in a binary option, there are foreign traders who have allowed traders to walk out of trade before the expiry. The earlier the trader exits the trade, the lower the loss due to a lower payout that will be determined by the broker. However, this will be of benefit to the trader as they will not lose their entire investment. So If you need some money to invest in binary options, there are a lot of Iphone casinos that can help you do that!