Why a Currency Based on an Internet Joke Should Be Taken Seriously
EGifter is working with GoCoin, a cryptocurrency payment gateway, to allow consumers to pay with the two altcoins. GoCoin allows clients to immediately exchange digital currencies into U.S. dollars to avoid price volatility risk. GoCoin charges 1% per …
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Canadian websites hit by Heartbleed vulnerability
Heartbleed is a vulnerability in the OpenSSL encryption code that is used by two-thirds of all websites. A popular method of encryption because it is open source and freely available, OpenSSL ensures your private information is securely transferred to …
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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!
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 …
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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 …
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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 …
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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 …
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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.
Give your answer to this question below!
Question by kavinrocky@1: Best Payment Gateway Provider?
My site is a freelancing site and i need the best Payment Gateway Provider..
These should be included :
Check – Regular Mail
Check – FedEx Overnight
Paypal
E-Gold
Moneybookers
Payoneer Debit Card
Bank Wire
Thanks
Best answer:
Answer by Michelle C
sitepoint.com/article/money-where-mouse-is-gateways
Add your own answer in the comments!
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 …
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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 …
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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 …
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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 …
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RBI shuts overseas payment gateway for credit card transactions within India
Aprameya Radhakrishnan, cofounder and director of Taxi for Sure, a Bangalore-based online taxi aggregator and Uber rival, said, "It will impact only foreign companies who are operating in India through an international payment gateway or by storing …
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Eason Inks Payment Gateway Deal with TNS
DUBLIN–(BUSINESS WIRE)–Eason, Ireland's leading retailer of books, stationery, magazines, cards and much more, has chosen the TNSPay gateway from Transaction Network Services (TNS) to handle payment transactions made across its store network …
Read more on Business Wire (press release)
Google working with Airtel as payment gateway for digital purchases
While having a credit card is like having a company ID in the US, not all countries have that kind of relationship with that plastic rectangle that makes you buy stuff. In India, for example, most smartphone owners don't own a credit card, making it a …
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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
SC Verdict: Thur, Aug. 2013 –1 Year In Retrospect
Our slogan, “Gateway to Africa” could clearly be interpreted by them to mean, come to “the Lions' Den in Africa” where members of government continuously cherish in the “create, loot and share” ideology and majority of our judges who, by their …
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Clay Telecom Partners with PayU
They can now also access premium & the most effective fraud prevention technology, PayU payment gateway on www.clay.co.in," said Clay Spokesperson. The thought behind this association is to reinforce customers' trust and comfort on the financial …
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