Tag Archives:Processing
High Risk & Low Risk Merchat Services

Lastest Card Processing News

Merchant Warehouse Named Third Top Credit Card Processing Service by
NAPLES, FL –(Marketwired – July 14, 2015) – The independent authority on merchant services, topcreditcardprocessors.com, has named Merchant Warehouse the 3rd best credit card processing service for July 2015. Merchant Warehouse was selected due …
Read more on Benzinga

MasterCard Stops Processing Purchases of Ads on Backpage.com
CHICAGO— MasterCard Inc. MA -0.02 % said it has stopped processing ad purchases on Backpage.com, as payment-card networks become the latest front for public officials trying to crack down on the adult section of the controversial classified-ads website.
Read more on Wall Street Journal

Lastest Card Processing News

New Online Gambling Credit Card Codes Bring About Payment Processing
PartMasterCard and Visa issued several new credit card codes to help banks differentiate between licensed state-run, legal online gambling, and illegal online gambling transactions. The three new codes carved out these legal activities from the …
Read more on OnlinePokerReport.com

Merchant Warehouse Named Third Best Credit Card Processing Service by
NAPLES, FL–(Marketwired – July 07, 2015) – topcreditcardprocessors.com, the independent authority on credit card processors, has named Merchant Warehouse the third best credit card processing service for July 2015. Each month the independent …
Read more on Consumer Electronics Net

Detroit Zoo gift shop has credit card security breach
The Detroit Zoo's gift shop has suffered a data security breach, zoo officials said today. The zoo's third-party vendor that handles its retail services, Denver-based Service Systems Associates, detected malware in its software at nine zoos across the …
Read more on Detroit Free Press

PayPal Review: Best Low Volume Credit Card Processing

PayPal Review: Best Low Volume Credit Card Processing
After much research and analysis of credit card processors, we recommend PayPal as the best low-volume credit card processor for small businesses. We consider low-volume to mean any business that does fewer than a dozen transactions per day.
Read more on Business News Daily

topcreditcardprocessors.com Names Merchant Warehouse as the Third Top
NAPLES, FL–(Marketwired – June 23, 2015) – The independent authority on merchant services, topcreditcardprocessors.com, has named Merchant Warehouse the 3rd best credit card processing service for the month of June 2015. Merchant Warehouse was …
Read more on SYS-CON Media (press release)

RisePay to integrate Spindle payment processing aggregation in strategic

RisePay to integrate Spindle payment processing aggregation in strategic
Spindle, Inc., (OTCMKTS:SPDL) a leading provider of mobile commerce solutions, announced it has signed a strategic agreement with RisePay, a developer of payment gateway systems for small businesses, service providers and mobile vendors. Through …
Read more on LeapRate

Meru Cabs asks RBI to extend recurring payment rules to foreign players like Uber
Meru says foreign players like Uber are able to circumvent the mandated two-stage credit card authentication by routing their transactions through foreign payment gateways, on which RBI has no jurisdiction. This allows them to store credit card details …
Read more on MediaNama.com

Ed FitzGerald: LeBron's return worth millions to Cleveland, Cuyahoga County
FitzGerald said he expects that between increased attendance and playoff games, the county will save $ 3.5 million a year on its Gateway payments while the Cavs sell out games. 2. More fans downtown means more jobs, increased sales tax collections.
Read more on The Plain Dealer

What is Payment Processing engine and Payment Gateway?

Question by bhu: What is Payment Processing engine and Payment Gateway?
Can a corporate setup its own gateway or engine to process online money transactions. How is it done and what would be the cost to setup one.

Best answer:

Answer by ERAZ
Through payment gateway you can accept online payments from your clients on your website like 2co.com, moneybookers.com etc and they charge some percentage for providing this service like (.05$ +10%) for transaction > 100$ but exact figurs vary from gateway to gateway and yes you can setup your own for this you need to open merchant account in any bank. but my advice is to go for 2co as they also accept paypal along with credit cards and their fee is less than others and also taking services of any gateway is easier than settingup your own as gateway also provide security for not only client credit card but also for you and client feel more comfortable with well known gateways.

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