Ingenico Group's Fully Managed IPhone-based Payment Solution Selected By …
In addition, Ingenico Group will also manage all the European transactions through its central gateway. This fully PCI DSS compliant solution will help Loewe control costs, providing end-to-end security in compliance with international payment …
Read more on RTT News
Apriva Partners with GoCoin to Offer Bitcoin and Altcoin Payments
International payments platform GoCoin has announced a technology partnership with point-of-sales (POS) service provider Apriva. Apriva's Gateway connects payment devices, merchant acquirers and payment processors to deploy and manage wireless …
Read more on CoinDesk
Question by Jenny: What good will payment gateway service give my business?
I am uploading my very first online store in the next few days. Friends advise me to get a payment gateway. What good will payment gateway service give my business?
Best answer:
Answer by Charlotte
A payment gateway serves as your first line of defense against Internet fraud transactions on the Net. It secures your financial transactions away from the prying eyes of hackers. Though you will have to pay some corresponding fees for the service, the benefits far outweigh the cost. In other words, as an online shop owner, you can’t afford not to have payment gateway service. It’s a must for all online merchants.
For further reading, kindly browse the link provided below.
Add your own answer in the comments!
TOP 10 SAAS eCommerce Platforms in India
Features: Store Customization, DIY Store, SEO and Online Marketing, Social Network Integration, Courier Tracking In-Platform, Support all Major Payment Gateways -Pay U, Direct Pay, CCAvenue, Gharpay, Citrus and EBS. Offers free payment gateway, No …
Read more on India Business Blog (blog)
5th Dimension Logistics Launches Partnership with Cornerstone Merchant …
Today 5th Dimension Logistics (5thDL), a payment gateway provider recognized as a technology leader in the payment processing industry, announced a new partnership with Cornerstone Merchant Services Inc in Las Vegas, Nevada . Together the partners …
Read more on Insurance News Net
Securing Stored Cardholder Data — Another Layer To The EMV Puzzle
With P2PE, cardholder data is secured via encryption when the card is inserted and can only be decrypted by the bank, processor, or payment gateway. This means that sensitive data can be transmitted or even stored by the merchant without worrying about …
Read more on Business Solutions Magazine
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 …
Read more on Proactive Investors Australia
Emaar MGF partners PayU for online payment facility to buyers
Commenting on the development, PayUPayments Pvt Ltd VP & Business Head Vikrant Khorana said: "We are happy to partner with Emaar MGF as their payment gateway provider. Our objective is to provide convenience to their customers. They are now just …
Read more on Economic Times
Outbrain rising stars – interview with Brendon Chase, MRM//McCANN
Phones are our social connector, informer, gaming device, entertainer, dating companion, payment gateway, and they're moving into healthcare fast. We've all talked about the mobile revolution for the past 15 years, but the mobile mind shift is changing …
Read more on The Guardian
Jefferson Hills officials celebrate new public works facility
Site engineers were from Gateway. Construction was by General Industries. Heating, ventilating and air conditioning were by … Payment figures were not available Saturday. Council raised real estate taxes by 1 mill to 5.66 mills this year, the first …
Read more on Tribune-Review
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!
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
Creditcall Announces Certification with 12th Processor in North America and …
Creditcall, the EMV-ready payment gateway provider and EMV migration specialist, has expanded its North American reach by certifying with Canadian processor Desjardins, its fifth processor partner in the nation, and 12th in North America. The …
Read more on Parking Network (press release)
TransFirst and InvisiCorp Announce Alliance
HAUPPAUGE, N.Y., Sept. 11, 2014 /PRNewswire/ — TransFirst, a leading provider of transaction processing services and InvisiCorp, Inc., makers of InvisiPay, have announced their alliance to provide increased value to their customers. The companies are …
Read more on IT Business Net
Privacy Policy
All supplied sensitive/credit information is transmitted via Secure Socket Layer (SSL) technology and then encrypted into our Payment gateway providers database only to be accessible by those authorized with special access rights to such systems, and …
Read more on Delphos Herald
GuestLogix Signs 5-Year Agreement with Pan-American Carriers, InselAir and …
GuestLogix' Global Payment Gateway™ will also be leveraged to provide enhanced revenue protection via advanced fraud reduction tactics. With this agreement, GuestLogix expands its Americas footprint and successfully grows its presence in Latin America …
Read more on Newswire Today (press release)
GuestLogix Deploys Technology Upgrades Across Royal Air Maroc in …
Backed by 90 payment and operational certifications, GuestLogix' end-to-end retail solutions including its Transaction Processing Engine(R) (TPE) and Global Payment Gateway(TM) enable the Servair Group to offer secure retailing technology to its …
Read more on MarketWatch
Bitcoin 101: Understanding the Basics
Other services act as a gateway to major retailers that don't have much incentive to offer a payment method that's still employed by only a small section of society. eGifter allows customers to buy giftcards in bitcoin that can be spent via iOS/Android …
Read more on Techlicious
Former Executive Chef at the Pentagon Sets the Stage to Honor Veterans at …
Oakwood Common offers one and two bedroom senior living apartments located at 16351 Rotunda Drive, within a beautiful 29-acre community that includes exquisite landscaping, nature trails and scenic views along the historic Rouge River Gateway in …
Read more on Marketwired (press release)
How Obamacare Went South In Mississippi
Families are crippled because of health crises that tear their lives apart, and by the burden of debt caused by the inability to pay for the health care that they need," the letter states in part. Demonstrators carried a large check for $ 8.7 billion …
Read more on Jackson Free Press
Los Angeles Metro taps Cubic for TAP upgrade
Cubic will also be providing its PA DSS-certified Cubic Payment Application (CPA), a secure card payment processing gateway, as well as an interface to Metro's bank of choice, Bank of America. The agreement also includes Cubic-supplied upgrades to …
Read more on RailwayAge Magazine
CardinalCommerce and PAY.ON Join Forces to Offer Premium Consumer …
A modular payment gateway connects to more than 350 system-relevant payment providers worldwide and offers more than 200 payment methods via a single API. PAY.ON helps payment providers address current market challenges and gives them a …
Read more on GlobeNewswire (press release)
