Tag Archives: online payment processing

High-Risk Business No Problem, for Radiant Pay

Do you want to do online business?

But what if you find your eCommerce business on the High-Risk side?

What is high-risk and in who’s eyes?

The online business market is on a real boost. Every small and large business are running here and there to start an online business. In the process when they find their business is a high–risk, considered in the online arena. That sends a real jolt in the nerve.

 But what is the difference if it is high risk or low?

It makes a lot of difference, as high-risk business payment acceptance by offshore banks, and payment gateways treat them with more strict chargebacks and more fee per transaction.

 We have to classify our online business as high-risk or low-risk in terms of banking and merchant services. By knowing that you can pinpoint your type of need, and search for a merchant account that can serve your type of business appropriately.

What are the types of High-risk online businesses and their distinctions to be so?

The factors responsible to label your online business as High-risk not only depend on what you sell online. It also includes the fraud potential, the chargeback possibility, huge amount transection, and history of account losses.

If you are Online with running Tobacco, casino, the adult industry and goods, traveling agency, online gaming, gambling, alcohol and liquor, Glassware, Guns and firearms, Narcotic drugs, debt collection, and many more are listed as the high-Risk businesses by many banks and oversea Merchant accounts.

Radiant Pay can provide solutions

As Radiant Pay can access your request to open a merchant account for your High-risk online business, we are tackling successful transaction bailout for some controversial money transections, in the overseas banks.

 Radiant pay is a leading payment service provider for online payment based in London. Which is a good experienced for catering to the High-risk enterprises with low-cost payment solutions, which are otherwise always targeted by many banks with high chargeback and transection fee, for being High-risk type.

We can handle, or our experts are capable of handling any tricky situation and can guide your fund a smooth pass to your merchant account, which is possible due to our strong foot and goodwill network in many overseas Banks and Banks in European Union countries.

 Radiant pay is the war-horse to rally upon, for your beneficial ride, no matter you do a high-risk online business.

Payment Gateways, secure way to collect money online

Doing great online business, selling the stuff, and handling awesome services is not just enough, to survive in Online ecommerce business.

Collecting money, is of paramount importance?

How, and by what means, is a welcome question, it is worth a consideration. If you are running any online business setup, say online store, service provider or anything of certain value, the money should be collected in your Merchant account.

As all our setup and hard work can go vein, if our way of collection is not secure, efficient and low cost. This step to collect money online by customers is accomplished by the latest software called the Payment Gateways.

How can you use Payment Gateway?

There are many latest Payment Gateways, which need to be installed. But the thorough survey, is very important as these installations are not free, for the simple reason, you can check the fees (PayPal is at 2.9%+$0.30 per transaction, and apart from that you need to give $30 per month as rental).

 But no need to worry for all that arrangement as Radiant Pay is a payment solution company based in London, which can give these services at much negotiable rates, and give your Ecommerce proper guidance, as what gateway can suit your type of business online. 

If Your Online Transaction Fails or Decline, Don’t worry, Radiant Pay is in control

Can you get the money back if the online transaction fails somehow, and your amount is deducted?

Where can you go to claim that?

At many big showrooms, and megastores we used to see, something is written alongside some glass decor or any brittle object, “nice to see, good to hold, and if broken, considered Sold” because no business can bear loss. As simple as that.

But have you ever thought of the uneasy and restless condition of a customer, who feels helpless in no man’s land, after discovering that the amount from his or her debit or credit card is deducted during the transaction, without getting anything?

Or in other cases, the payment transaction gets declined when one needs that service or product drastically. 

The above mentioned two situations are worst to be in, for any client after looking to get that product.

 So what are the solutions?

In recent times, RBI in India came up with some customer-friendly advisory for all Banks operating in India. In the case of a failed transaction, the Banks will have to give fine to the clients. These guidelines are of course very customer-friendly. 

Because one can understand the dilemma of the customer, as to what to do? Where to approach and what should be the process that they should go through, all these incidents are annoying to be an inn, as when and how to get the money back into their account after that. 

RBI issued the guideline in a T+5 format, or the fund is deposited in the account back in 5 days otherwise Rs 100 should be the fine on the related Bank every day in the case of ATM failed transaction, and if UPI it is T+1, that is only one day, the fine should be given to the client at Rs 100 daily while online payment of PayPal, Google Pay, or any other. That sounds like something reliving.

What Is Radiant Pay’s role for smooth Transaction Online?

Radiant Pay is a leading Payment solutions provider in many countries like the UK, and many European countries, where the major transactions in many online businesses are taking place at every moment today. Radiant Pay is a London based online payment agency which is helping to give seamless and flawless payment solution to some of the leading offshore ecommerce companies.

Radiant pay is a trustworthy establishment and a step ahead of all its competitors, it is a fourth runner in acquiring the latest digital software or payment gateways to outperform many other solution providers.

Radiant Pay is involved in boosting your Ecommerce business day and night, rendering many exclusive and sharply shaped payment packages to multiply your type of business online.

We are more active at any juncture when the need arises, to clear a transaction if some issue related to its volatile and high-risk nature arrives. Our team of troubleshooters and qualified experts finds an instant solution and makes the payment possible into your merchant account, to reduce the chances of declined transactions, and loss in the precious business opportunity.

We, at Radiant Pay, are expertly facilitating our clients with high-value payment acceptance with our networks and known understanding at many offshore issuer Banks and establishments, to get the transaction cleared at any cost for a business deal.

Radiant Pay is a solution provider in your online business, as the online users are using many methods to pay you via Credit Cards, Debit cards, Online direct debit, payment via PayPal, Google Pay, or any type of online payment which you can think of.

The process ACH & Check Processing, High-Risk Processing, and providing the Merchant Accounts in many offshore banks are done with great ease and mastery at our, only the Radian Pay.  

So if you and your ecommerce business are finding any sort of issue related to the online payment within your beloved business, come to Radiant Pay, and get everything fixed at one stop. Your Online business should be sitting on a goldmine, rather than wandering in unwanted hustles related to the online payment process.

How Online Payment Processing Offers Multiple Benefits?

Banks are still the main source of the payment processing system, which largely allows users to make payments, setting accounts, nowadays it also offers a reliable and secure way of banking through online banking system it offers to process of credit card and wire transaction and many other ways of transferring funds in the processing of buying and selling of goods and services. The process is changing quickly as other institutions have become involved in the payment process, and banks no longer have the monopoly that they once did.

The online payment processing systems involve a complex system of transferring funds with more than two parties.  While conducting an online transaction, the payment processor will be contracted by the merchants, to guide in processing the transaction on behalf of banks that acquire the credit.

To enable an online payment system all you need is a merchant account. This will make Real-time online payment processing that runs rapid and secure ways for merchants to be paid for their goods or services. The almost immediate methods that offer high security from fraudulent purchases as the online payment needs verification and that is necessary before that transaction gets completed.

Online payment processing, benefits, not only the merchants, who accept almost instant payment for the goods or services that they offer, but it also provides great convenience of making immediate payments to the customers also. The most popular form of transferring funds with the use of cards, businesses missing accepting credit card payments may be facing doomed failure.

One of the biggest benefits of online payment processing is derivative from the ability to keep records of the different types of payments. With a steadfast merchant account, a merchant can easily access payments from the customers and can also gain entrance to processes such as automated payments and recurring billing, which can all be used to rise the growth of the business, as customers can grow to appreciate the convenience.

Online payment processing is now at the heart of eCommerce, as it offers consumers the suitability of a fast and secure payment method for the purchase of goods and services with the use of credit and debit cards. It also helps merchants by professionally grip a large amount of transaction.

 

Card Verification Value

CVV IMAGE
safety measures for both #merchant and #customer

The card verification value enhances security both for the merchants and customers. The CVV are of two types called CVV1 and CVV2 respectively. The CVV1 is printed on the magnetic stripe for track 2 of card. The purpose of the first CVV is to verify the data stored in the card is valid and was given by the bank to the person for use. The CVV2 is printed on the back side of credit and debit cards. CVV2 is the three digit unique code which authenticates that the cardholder is genuine and reduce fraud for the business purpose. The American express card has four-digit code which is on the front side of the card. However the purpose of the CVV is to verify that the customer is the actual cardholder and these is considered an added security for the companies who sells their product online, generally used when card not present transaction take place on E-commerce website.

For merchants

Merchants requiring CVV2 for the card not present transactions can dramatically reduce the fraud cases in the business. Using this extra layer of protection can stop breach or fraudulent cards for going through. Avoid retrievals and charge-back fees.

For customers

CVV2 is prominent for the customers when the buy the online products because you say who you are. Under visa regulations, a merchant cannot store customers CVV database.

Address verification system

Address verification system or AVS, was designed by the card issuer to aid in the detection of suspicious credit card transaction activity, and verify that the cardholder address is same which is registered with the bank on file. This is a part of credit card service which requires the authorization for mail order/ telephone order transactions or internet e-commerce transactions. A code is received with an authorization which results in the level of accuracy. This helps to secure the most interchange rates for the merchants.

Visa, MasterCard, Discover and American Express supports this service and when paired with the CVV confirmation result in a secure transaction. To verify a customer address the merchant require cardholder’s zip code billing and the house or apartment number of the billing address. The merchant not need to enter the street, city or the state of the cardholder. While AVS is not intended for use as absolute protection against suspicious transaction activity, it just helps in authorizing non face to face transactions. Radiant payment gateway solutions recommends to all the merchant that they secure all these type of orders both with CVV and AVS.