A payment processing gateway is ecommerce software which enables merchants to accept payments online. Payment gateways securely connect websites to financial networks through which credit card and other types of electronic payment transactions are sent, received, authorized, and settled.
The electronic payment system gateway is designed for high volume and high risk merchants who demand best-in-class ecommerce software and payment processing services.
The risk of security breach is a constant concern for ecommerce merchants. If a company’s payment processing system is compromised, customer data is endangered. The company faces financial devastation, loss of consumer trust, and possible legal liability for damages.
Fraudulent transactions are continuous threat for high volume and high risk merchants. In addition to financial loss, fraudulent transactions cause spikes in chargebacks ratios which jeopardize payment processing merchant accounts.
The payment processing gateway is Level 1 PCI-DSS certified and exceeds all standards for cardholder security. Transaction processing software combines PCI compliance security rules with unique features to guarantee protection for businesses and consumers.
Strategic management tools enable high volume and high risk merchants to save legitimate transactions and reject fraudulent ones. Powerful weapons to fight fraud are included in the ecommerce software. Businesses chose the desired level of protection based on a sophisticated rule-based filtering system.
The payment gateway encrypts credit card information to enhance security and protect merchants and their customers. Intelligent payment processing ecommerce software stores encrypted data in a Level 1 Security Protected Vault based on assignment of virtual numbers.
Ecommerce software helps identity fraud, money laundering, compromised passwords, and other unauthorized activities. The transaction processing system detects intrusions, reconstructs events, and enhances employer security and user accountability.
Unique payment processing technology easily manages an unlimited number of merchant accounts through a single payment gateway. Dynamic load balancing increases processing volume, dilutes chargebacks, and mitigates risk.
Paynet Secure transaction processing guarantees a strong backbone and solid infrastructure for reliable online payment processing. Advanced ecommerce software easily accommodates high-volume payment processing throughput with 100% completion rates. World-class transaction processing outperforms most financial banking networks.
Our dedicated professional staff provides electronic payment systems to satisfied clients throughout the world. Competitive rates, expert advice and free on-going technical support are the hallmarks of all payment processing services.
International payments processing boost sales by expanding market reach globally. Consumers located anywhere in the world make online purchases quickly and easily simply by transferring money from the buyer’s local bank account to the seller’s bank account.
Our unique international payments processing system uses advanced technology to link together the banking networks of 192 countries into a single network. The payment platform transforms international transactions into low-cost local bank payments. Processing fees are minimal. Payments are guaranteed, eliminating risk.
International payment processing via bank transfer is known as a “push payment”. That is, consumers push the payment from their bank account to the merchant’s bank account in a highly secure transaction.
At check out, consumers chose to pay via local bank transfer and select the appropriate bank. The consumer logs on to online banking and authorizes the bank to make the payment to the merchant. Confirmation of the payment is sent to the merchant and to the buyer.
In some countries, debits from the consumer accounts are confirmed instantly. In others, confirmation of the debit occurs the next business banking day. Once confirmed, funds are guaranteed and merchants can ship the product to the consumer. Consumers do not pay any additional fees beyond what their bank would normally charge for a standard bill payment.
Businesses that want to grow target global markets. Europe, with millions of affluent, web-savvy consumers, is one of the largest markets for ecommerce in the world. Emerging markets in Asia, South America and the Middle-East have consumers with disposable incomes and a desire to buy products online.
The majority of consumers globally do not have credit cards. In Europe, with the exception of the UK, credit cards are not commonly used for online purchases. In Germany, only 20% of the population has cards. Throughout Asia and the rest of the world, credit card penetration is even lower.
How do international buyers pay for ecommerce purchases? Local bank transfers are a familiar and trusted method of payment for buyers throughout the world. Offering consumers an alternative payment option is an easy way to capture new sales from buyers who do not have or prefer not to use credit cards.
International payment processing solutions were developed in direct response to the needs of our clients. As the internet opened-up global markets to ecommerce merchants, clients needed ways to accept payments from customers around the world. Offering consumers a familiar way to pay locally while buying globally is the modern way to do business.
Our technology gives clients direct access to international banking networks through a single portal. Take advantage of international payment processing technology to increase revenues, enhance customer satisfaction, and boost sales from the global marketplace.
Mobile payments are extraordinarily effective in rapidly boosting sales of low-cost virtual goods and digital content. Mobile payments are a guaranteed way to quickly expand market reach and satisfy demand from buyers world-wide who want to pay by mobile.
Social networks, online games, MMOG, and merchants selling music, video, e-books, new media, and digital entertainment are taking advantage of the rapid rise in mobile payment transactions to power business growth.
Mobile billing is excellent for micro payments of virtual goods and digital content. Millions of consumers world-wide do not have credit cards or bank accounts. Everybody has a mobile phone. Most digital merchants have no payment processing fees on mobile billing transactions because mobile surcharges can be passed on to consumers. For example, if the price point on a product is $1, the merchant receives the entire $1. Consumers are billed in local currency.
Will consumers really absorb the fees for mobile billing? Millions of successful mobile payments have proven the answer is YES. Buyers are perfectly willing to accept mobile surcharges for low-cost digital items in exchange for convenience and instant gratification.
Younger consumers have grown up with mobile phones and expect to be offered a pay-by-mobile phone option. Yet, digital merchants discover buyers of all ages are receptive to mobile payments.
Consumers want mobile payments and the demand is escalating. World-wide, mobile payments will grow to $300 billion by 2013. In some countries, mobile payments already account for 70% of all digital content purchased online.
Merchants who do not have mobile billing are losing sales and adding unnecessary risk to their business operations.
Virtual goods are low-ticket items with price points well below $10. Credit card processing rates for micropayments are expensive and quickly erode profit margins.
Digital merchants are frequent targets for credit card fraud. Cybercriminals cause chargebacks by running small transactions to determine if stolen cards have credit available. Consumers initiate chargebacks claiming digital products were never received. The time and effect required to fight chargebacks far exceeds the cost of the low-ticket virtual goods. Even if the merchant wins, elevated chargeback ratios put credit card payment processing accounts at risk.
One simple plug-in gives merchants the ability to immediately accept payments from any mobile phone throughout an extensive global mobile billing network. Mobile transactions are in local currency. Local language customer support enhances buyer satisfaction.
Award-winning technology powers a comprehensive suite of mobile payment processing solutions. Multiple innovative products meet the mobile payment processing needs of any business.
Electronic checks (echecks) capture new sales from buyers that do not have credit cards or simply prefer to pay by check. Electronic checks are a payment method which electronically transfers money from a buyer’s bank account to the seller’s bank account.
Adding electronic checks as an ecommerce payment option is simple way to make more sales. The more ways a customer has to pay, the more sales will result. Merchants adding electronic checks as a payment option experience sales lifts of 8-20%.
Over 75 million Americans do not have credit cards. Electronic checks give these customers a convenient, familiar and easy method to make purchases online.
Electronic checks are a valuable payment option for any internet merchant. Our professional payment processing consultants have assisted merchants in every business category successfully establish electronic check processing accounts.
Expert knowledge and a dedication to success guarantee a positive experience for every client. Low rates and superior service are a standard feature of all electronic check accounts.
The goal of every merchant is to convert prospects to customers. Business owners devote a great deal of time and effort deciding what to sell and how to sell it.
Websites are carefully designed and promoted to maximize the number of visitors to the site. Once at the site, prospects are led through the selection and purchase process.
For merchants, a happy moment arrives when the prospect decides to become a customer. The desired items are placed in the shopping cart. The customer is ready to pay and payment options are displayed.
What happens if the buyer is offered only credit cards as a payment option? What if the buyer does not have a credit card? Or if the buyer just prefers to pay by check?
Sadly, without echecks, the sale is lost. The buyer is unlikely to return to the site in the future. Buyers have infinite places to shop online, including many that offer electronic checks as a payment option. The effort expended to gain a new customer is wasted.
Stop throwing away sales. Start accepting electronic checks today.
Identity verification systems are a fast and inexpensive way for businesses to determine if consumers are who they represent themselves to be. Identity verification systems are used by internet retailers selling high ticket items to protect against loss from fraudulent transactions. Merchants selling age restricted products use identity verification systems to confirm buyers are of legal age.
Merchants in high risk industries are frequently targeted by cybercriminals. High ticket items such as jewelry or electronics are alluring to fraudsters who use stolen credit cards to purchase goods. By the time a fraudulent transaction is discovered, the goods are long gone, shipped out of the country and unrecoverable.
Merchants are held liable for fraud by the credit card companies. It does not matter that merchants themselves are the victims of a crime. Merchants must absorb the financial loss of the fraudulent transaction.
Furthermore, fraudulent transactions are considered chargebacks on the merchant’s credit card processing statements. Chargebacks must be kept low in order to maintain credit card processing privileges. Fraudulent transactions increase chargeback ratios and can jeopardize credit card merchant accounts.
Identity verifications systems are non-invasive and easy to use. For an amazingly low rate per transaction, businesses increase the likelihood that online transactions are legitimate and profits from purchases will be realized.
Any ecommerce business with average tickets of $500 or more will benefit from using identity verification to confirm the buyer is really who he says he is. Properly deployed, identity verification systems dramatically reduce the risk associated with doing business online.
Merchants selling goods or services where buyers must be of a certain age to purchase implement ID verification systems to comply with regulatory requirements. Money transfer services, brokerage houses, banks, and international corporations use identity verification systems to guard against money-laundering, fraud and threats from terrorism.
Identity verification systems combine a wealth of individual and business data into an easy-to-use interface. Databases are accessed with sophisticated programming technology yielding precise identity verification. Highly accurate analytics and detailed reporting produce robust results and ensures the safety of your business operations.
Merchants are happily surprised to discover that our identity verification system offers more protection at a lower price than comparable product.
Businesses save 50% on powerful identity verification that other companies sell for twice the price. Special all-inclusive package includes complete identity verification and knowledge based authentication for total protection.
With chargeback protection, merchants can accept orders without fear of fraud or the risk of financial loss due to chargebacks. Chargeback protection does not stop chargebacks. However, merchants using chargeback prevention are secure in knowing losses from chargebacks will not affect the bottom line.
Merchants can use chargeback protection on all sales or only on selected orders. Some merchants want protection on every transaction. Others use it only for orders that otherwise would be rejected or held for manual review. The vast majority of orders submitted for chargeback protection authorization are approved.
Merchants are reimbursed at 100% of the sales price for any approved transaction on which a chargeback occurs. Bank fees incurred from the chargeback are also 100% reimbursed.
Transaction approvals are received in 2-3 seconds so there is no slowdown at checkout. Customers never know that chargeback protection associated with the order. Merchants can use existing merchant accounts and payment processing gateways without any changes necessary.
Internet merchants are frequent targets for fraudulent transactions. Yet, in an effort to avoid fraud, companies lose money from good sales because they try so hard to avoid bad ones.
How many good orders are wasted simply because billing addresses do not match shipping addresses? With so many people buying gifts online, it is common for billing and shipping addresses not to match.
Should a merchant throw away an order if address verification does not match? People move all the time without telling credit card companies about the change of address.
International buyers represent a big opportunity for Travel merchants. How much time and effort is involved to manually confirm questionable orders with customers located in different time zones and who speak different languages?
Discover how easy it is to protect your business against losses from chargebacks. Any Travel merchant processing $50,000 or more per month is welcome to contact us for free no-obligation quotation. Setup is fast and simple with no changes to existing payment processing systems.
Recurring billing increases cash flow and decreases operating expenses by automating payment processing for recurring payments. Automation of recurring payments boosts productivity, improves internal accounting systems, and enhances customer retention life cycles.
Most payment processors offer basic recurring billing functions such as unlimited recurring billing profiles and flexible recurring billing terms. But, basic features are not enough to maximize revenues from recurring payments.
For instance, the ability to handle recurring billing exceptions for card declines, card expiration dates, and lack of available funds on cards is vitally important to protect recurring payments revenue. And, you should expect your recurring billing payment processor to give you new ways to increase customer retention, safeguard business operations, and positively impact your profit margins.
If you are serious about protecting your recurring payments revenues and maintaining your profit margins, start taking advantage of these special recurring billing benefits today.
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