Category Archives: Credit Card Processing

Like brick and offline shoppers, online shoppers also want to get some benefit from online shopping. Getting the product quality is icing on the cake but having a wide range of payment option make the customer comfortable and safe and hence, they increase their online shopping. Accepting credit and debit card on an online store increase the sales because it is more convenient to use rather than cash on delivery. It provides easy credit card processing. However, many business owners face some problem—confusion has arisen due to different choices available for payment.

Let me explain two methods of credit card processing:

Real-Time Online Credit Card Processing

In this method, the customer enters the card details and other payment information and it is processed through an online payment gateway. It takes few seconds for processing and payment deducts from a debit or credit card right away. It requires a high cost for credit card processing.

Card Present or Swiped

There is a credit card terminal or mobile card reader available at the retail shops where merchant collects the card details by swiping the card through it. Generally, people card swipe for a lower amount than an online transaction.

How Online Business Can Access Payment

For an online business, they need to have an online payment gateway and merchant account to accept the online credit and debit card. Moreover, just like other business owners, must research about the merchant account provider and select the one that feels right for you. Many local banks also provide merchant account facility, moreover, if you already have credit card processing machine, just ask the account provider to add this facility to an online store. With credit card processing, you can shop at almost all the online stores and pay online bills.

Credit Card Processing, Online Payment processing

Benefits of accepting credit cards on your website

March 1, 2018 admin

CREDIT CARD BENEFITS — #radiantpay leading payment gateway solution provider in UK

Considering credit cards it has been the most increased and convenient mode of payment in today’s world. If you have your own website or thinking to build a website and not yet had fixed the option for accepting debit and credit cards then you should, because you can’t think how much sales you will be losing not keeping this option as most of the customers pay online and think this is a secured mode of payment to pay for goods and services.

Why to do it?

In today’s world credit card has become the reliable and trust-able mode of payment to pay for goods and services. The development of technology has drafted changes in the minds of customers as well as the vendors, as discussed earlier by fixing the option of accepting debit and credit cards online you will not lose the current customers as well as the upcoming/future customers.

Just in terms of websites, debit and credit cards allow the vendor to take care of three type of customers.

1. The general customer: This is the average customer who wants to shop online goods and services from his desktop. After all, why to stand in a long queue in a retail or mortar store when there is option to pay online itself.

2. Impulse buyers: After stumbling on the website the visitor finally decided to buy the product which are in front of him/her. The plastic card seals the deal of the purchase he/she will make.

3. International customers: The internet has brought the world closer as well as your customers at doors, even if your customer is overseas. Initially differences in currency was the major issue in the past, but now why to wait for a check being cleared from your customer side when there is an option of paying it online on your website. This helps in not losing the customer just because he/she is residing in abroad.

Opening your business to debit and credit card payments

There are two ways of accepting plastic money on your website.

Using the merchant account: The merchant account helps you to accept payments from your customers via debit or credit card. Whether you create your own merchant account or enter into an agreement with a payment processor, who in turn operates merchant account, but you still need to have a business bank account. However, you need to have your merchant ID. Actually it will become the portal which will allow you to accept or decline your customer credit card payment. In essence it will become your virtual vendor terminal.

Using payment gateways: There are various independent companies who will accept credit and debit card payments from your customers on your behalf but take a percentage or charge a fees. They are also called third party merchants.

Which is the best method for you?

The methods of accepting credit card payments is entirely up to you, because both the methods has its own advantages and disadvantages. The cost of setting up a merchant account with a credit card processing is much higher. In fact, to use their services as an added incentive most of the third party merchants don’t have a setup fees at all.However, the transaction fees is much higher in third party merchant than merchant account.

If you are not sure how much money you will make on website, then the best method is to choose third-party merchant account. To just “test the water” third-party merchant accounts is the great way to go. However, this method involve the merchant also as it will be a time saver. The involvement of the merchant will be at the end of each transaction just receiving the payment. These merchants include PayPal, Digital Rivers and others.

Card Processing Services, Credit Card Processing, Merchant Account, Online Payments, Safe card processing services

While Accepting Card Payments What Merchants Needs to Know?

February 17, 2018 admin

Do you have started a business? Do you sell the best products at a reasonable price? Thus, customers love your merchandise, queues snake far into a long distance, and grubby coins & crumpled notes are continually filling up your cash register? If yes, then it would be a perfect time to accept several different payment options. However, many business owners are still worry of the credit card and debit card processing machines unnecessarily. Here are the most important things you need to know about card processing and the reasons it makes your business sense.

Understand the basics of card processing:

Accepting cash always seems easy when compared to other forms of payment. It is because as a merchant you need some knowledge of the currency you are presently dealing with & a calculator. However, card processing can be a bit daunting for the merchants to understand its processing. Here is the quick summary of the card processing.
Merchant bank – Financial institution, which offers merchant account services to feature transactions to the bank accounts.

Card processor – Third party who takes on the merchant bank account responsibilities and facilitates card transactions & direct card details to the right merchant bank.

Issuing bank – Financial institution, which issues card (credit or debit) to consumers.

Card payment brand – Card brands such as MasterCard, Visa, and American Express.
Choose the best card processing option:

When it comes to credit or debit card processors, merchants have several choices to choose from. it includes traditional bankcard machines, QR code payments, and mobile point of sale systems. Out of these three payment options choose the right one according to your business. here are the key points for accepting card payments.
• Prefer traditional bankcard machine if your business is the large establishment along with traditional POS needs, customers are old fashioned and proficient to consign to the contractual agreement and time.

• Choose OR code payment when your customers are tech-savvy and young.

• Select a mobile point of sale if you wish to own the card reader by paying a fee rather than renting reader or committing to the contract.
Merchant needs to know things while accepting card payments:

• Firstly, you have to know that accepting card payment is going to charge you money. If it so, then avoid it completely and go for payment processing partner who offers you a break on fees.

• It is vital to know the major players in the electronic payment processing. Therefore, you will be aware of several types of charges your bank or third party will be used.

• Know how the card processor will help you grow your business. Your company plan to accept the card payment should also include more than processing and acceptance.

• Try to accept a plethora range of payment types to impress new customers and expand your business online.

• Most importantly, know which type of payment you must accept.

• Finally, know what hardware and software you require to accept card payment.

Card Processing Services, Credit Card Processing

Credit Card Processing How to Break the Cost?

January 22, 2018 admin

Handle all negotiation to break the card processing fees

If you’re a merchant who accepts payments from customers through credit cards, there is no way for you to completely stop payment processing costs. However, there are many ways in which you can reduce the payment processing costs to the bare minimum. Let’s not discuss ways in which you can reduce your payment processing fees:

Credit card companies often have additional charges for terminal functions that they provide. If you’re certain that you will never use such terminal functions, avoid paying extra for such functions. You can end up saving a lot of your hard earned money by making sure that you don’t subscribe for terminals that you will never use.
It is recommended that if most of your business is conducted telephonically or online, opting for a processing software over a terminal is much more financially beneficial.
Reprogramming of the existing terminal by the service provider can help in saving your money.
If you’re planning on leasing out your terminal to reduce monthly costs, you need to be extremely careful. Long term contracts and extremely high cancellation fees may end up costing you much more than you can imagine.
Compare credit card company payment processing prices before you get a specific credit card company on board. Not all credit card companies offer the same payment processing prices. While some credit card companies may have higher processing costs, others may offer a more affordable and budget friendly cost.
When deciding which credit card company to get on board, make sure that you discuss the waiver of cancellation fees. Credit card companies end up charging you a decent chunk of money for cancelled transactions. You need to strike a deal with the credit card company and make sure that they don’t charge you any money for cancelled transactions.

Credit Card Processing

Are You Ignoring Your Payment Processing Fees?

January 13, 2018 admin

Any merchant or online seller is well aware of the payment processing cost that he has to bear in order to accept credit card payments from customers and buyers. Typically any credit card processing fee snatches away almost 2% of the total sales value of the merchant. This fee often differs from one credit card Company to another. For a merchant who is selling products with limited profit margins, giving away 2% of the sales value can prove to be costly. While there are a lot of ways to tackle this menace of payment processing fees, a lot of merchants are still oblivious to the payment processing amount of money that they end up shelling out to the credit card companies.

If you’re one such merchant who’s successfully running an online store, or even just running a regular store that accepts credit cards for payments, you need to understand and be aware of the number of funds you’re giving away annually towards payment processing fees. Once you realize and are made aware of the amount of your hard earned money that is being given away to credit card companies, you will probably want to do everything in your power to reduce the payment processing costs that you’re paying.

One thing that is recommended to every merchant who accepts debit and credit cards as payment is that he should keep a proper record of all the processing costs that he ends up paying. Don’t just go about paying payment process costs blindly without getting educated on the matter. There are countless ways that one can actually tackle and reduce the payment process costs that they are paying. Find credit card companies that charge lower payment processing fees. Always keep in mind that the profit you make from your sales is your hard earned money and you should do everything you possibly can in saving a large chunk of it.

Business services, Credit Card Processing, Merchant Account

Handy Benefits of Digital Payment System

December 14, 2017 admin

As we all know about the digital world, how it helps us to improve our life by using their benefits in daily curricular activities. Online payment systems are genuinely making our lives smooth and easy. There are so many benefits of digital payment systems in our life. These are:-

Discounts:
We can get 0.75% discount on online digital payment except for simple transactions just like in Delhi petrol is @ 63.47 but if you are purchasing fuel through digital services than you have to pay only Rs. 62.99 per litre. You also can do savings on tolls, tickets etc. By this payment services, you can improve your cash flow.
Tracking spends
It is so easy for people to keep track their spending of recorded transactions. It also helps in case of scrutiny and filing ITR (Income Tax Returns).
Budget discipline
It is very easy to keep written records of spending and it helps to make a better budget. Control over extra spend is a better option for budgeting and save high investments. If you want to save money, you’ll have to control your small spending. Just like if you are losing your Rs. 10 per day on chips, chocolate or candies than you’ll not able to save small currency notes or changes. And maybe this uncounted spend will sneak your budget at the month end.
Lower risk
In the case of stealing credit card or mobile wallet, it will be easy to get the block, but stolen cash will never come back anyhow. So, in that case, digital payment sources are very helpful and secure to us. So you can secure your money by using online payment systems, and it is a safe option too.
Small gains
Main plus point of digitalized payment service is that you can pay the exact amount at the cash counter. Just like, sometimes we need to pay Rs. 426 but due to a shortage of change we have to give Rs. 430 to the cashier and purchase candies of Rs. 4 is waste spending.
GO DIGITAL, GET DISCOUNTS:-
By using digital payment system we can save 20%to 30% cash. For example:- We get discounts in service tax 15%, in fuel 0.75%, rail tickets 0.5%, in rail catering 5%, at highway toll 10% and at insurance 10%.

Card Processing Services, Credit Card Processing, Merchant Account

Merchant Account Solutions for Card Acceptance

October 5, 2017 admin

As the world is transforming into one connected planet and generations are becoming digital natives, the importance of paper money is gradually disappearing. People no longer wish to carry puffed wallets and fear thefts or an uncertain demonetization night. Hence as a retailer, it is essential for you to make plastic money transactions with your customers.

Credit and Debit cards have also moved into a more digital space. There are apps or phone accessories through which plastic money can be paid. A separate card for that is also not required.

How do you cater to the needs of every natively digital buyer that shall walk into your stores and retail centers? How do you provide free retail payment processing terminals, to suit your business’ unique needs?

Merchant Account Solutions, have got you covered!

Merchant account solutions, helps you accept dynamic forms of accepting plastic money transactions. From an Apple watch to any debit or credit card, you can accept payment in any form.

Here are a few reasons that shall motivate you to partner with Merchant Account Solutions:

Have a conversation with customer service executives who have in-depth knowledge of the system functions and can assist you in any difficult situation.
Protected pricing system so that you can keenly work upon the bottom line.
Receive a contract free solution via this revolutionary program.
Avail a setup program which is FREE of cost.
Partner with Merchant Account solutions and get a payment device with efficient technology, for free.
Receive your payments the very next day without any delay.
Pay the least costs and purchase in wholesale rates.
Process your invoices with easiest QuickBooks

Credit Card Processing, Online Payment processing

Role and Responsibilities of Card Processing Services

July 1, 2017 admin Leave a comment

If you own a profitable company and ready to accept credit card payment, finding a reliable business credit card processing service to partner with is crucial. Indeed, accepting credit card payment from clients can make a huge difference in your marketing performance. In this article, we have discussed the major role of Card processing services in UK.

Processing for all major payment processing brands

You can decide what you want to offer – from debit to credit cards to pre-paid credit card and loyalty or gift cards. The more options you offer, the easier it will be for your clients to agree to your solutions or buy your products. And next occasion around, your clients will remember that dealing with your company was easily accomplished.

Real-time processing and fast authorizations

When you enter a credit card number, you want that payment prepared quickly – in real-time. With real-time processing, the input and output of information are continual. If the information is not prepared in real-time, it is prepared in batches – called batch processing. In this case, transactions are collected and organised over a period and then the transactions are prepared. What you do not want is to have your payments “held over a period.” You want your money in “real time.”

Full-time client support

If anything should happen to your equipment and your CC terminal goes down, you need to know there is someone to call. You need to know that you have 24/7 client support service that can get you returning online. After all, the earlier you have back online, the sooner you are back in business.

Comparing Business Credit Card Processors

When analysing various Card Processing services in UK consider the following factors:

Account Set-up Fees. How much do you need to pay to register for a payment gateway? Of course, a reliable credit card processing company would never demand unfair charges for these solutions.
Versatility. It is important to make sure that you will be able to agree to different kinds of the credit card used by consumers. Since there are several credit card providers available in the market- not to mention issuers of debit cards and electronic check providers, you want to make sure that you can give flexible payment options to your clients.

Making the decision to accept to CC can open the doors to entirely new lines of business. It may bring you, clients, you couldn’t envision, and it may benefit you in ways you have never considered.

Credit Card Processing, High Risk Merchant Account

We Also Offer Card Processing Services Including Features Like

June 24, 2017 admin Leave a comment

Full Featured Payment Gateway Processing
one hundred% Compatible with ALL Shopping Cart/Ecommerce Services
Virtual Terminal: Sale, Authorize, Capture, Void, Refund
Electronic Check Processing (ACH): Sale, Void, Refund
Recurring Billing: Add & Manage Subscriptions
Customer Processing: List, Invoicing, Manage Customers
Tools: Batch Uploads, Transaction Reporting
Website Integration: Direct Post/ API / All Shopping Carts Compatible
Mobile Solutions: Process with Your IPhone/IPad or Android Device
Simplicity: We make it easy and simple to process transactions

Important Note: We generally have a service provider answer for almost every sort of enterprise which includes each low and the highest hazard merchants. There are No Application Fees. It is a hundred% unfastened to use and be approved! This is because the credit card processing enterprise is a low margin, high quantity enterprise whose primary worry is the threat of chargeback’s. Certain categories of groups have a historically high chargeback fee, and due to the fact credit score card processing is one of these low margin enterprise, service provider account companies are forced to color with a large brush, and normally deal with any enterprise in a “excessive danger enterprise” as high-danger, irrespective of the man or woman agencies real chargeback or regulatory hazard. Consequently, in case you’ve already implemented for a service provider account in your enterprise that operates in an excessive-hazard category, it’s quite in all likelihood which you’ve been rejected by using a conventional low hazard credit card processing corporation. Thankfully, but, there are some correct corporations specializing in excessive danger merchant bills.

Domestic and Offshore Options

It works with a number of sponsor banks that offer each domestic and offshore excessive threat service provider accounts. Our companions and sponsor banks can offer your enterprise with high danger merchant offerings for domestic and international companies. If you’re searching out an excessive high risk merchant account, the primary component you’ll notice is that there are considerably fewer alternatives and that those options range from slightly luxurious to very high priced. If you’d want to higher recognize your options touch us thru electronic mail we today for an unfastened consultation to speak about your high-quality alternatives for setting up a merchant account for your high-risk enterprise. We’ll discuss the subsequent:

Credit Card Processing

Offshore Credit Card Processing Services

June 19, 2017 admin Leave a comment

Credit card processing a dependable and price-effective. Business owners can accept credit card payments in more than one solution for on-line bills to agencies currencies. Offshore credit score card processing offerings additionally enable the merchants to simply accept various styles of credit playing cards.

In the quickly paced eCommerce international of nowadays, offshore service provider accounts enable online organizations to grow sales volumes extensively and help them in maximizing sales and boosting income.

Why Offshore Credit Card Processing Services

Offering 0 taxations and protection in opposition to foreign money fluctuations, offshore credit score card processing has ended up one of the satisfactory practices of on-line credit card processing services. Through secured servers, clients can now easily make purchases online.

With the offshore merchant bills that offer online credit score card processing offerings, the business owners not most effective get wonderful tax reduction blessings but it additionally enables the merchants to accept bills in a couple of currencies.

Offshore Credit Card Processing – How it works

Offshore credit score card processing offerings assist your commercial enterprise in staying up 24 hours an afternoon and 7 days per week, supplying comprehensive on-line credit score card processing, an internet merchant middle, and fast order processing and fraud management with a 24-hour support device.

Credit card transactions are authorized within seconds and automated receipts are sent to the traders and customers concurrently services are able to provide reduced prices with.

Offshore credit card processing AVS (Address Verification System) and fraud screening structures.

The transaction technique fees depend in large part on the shape and extent of the commercial enterprise.

Due to a growth in demand of excessive risk merchant processing the call for offshore service provider money owed offerings has additionally accelerated. Business like online casinos, prescribed drugs and gambling etc have started out relying heavily on offshore service provider accounts and as an end result on offshore credit card processing services, because it offers relaxed jurisdiction and a regular marketplace.

This makes offshore credit score card processing a great deal extra powerful and less complicated as it saves now not simplest time however additionally cash.

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