Tag Archives: payment processing services

How to Provide Convenient Payment Solutions for Ecommerce businesses

All the world’s trading practices seem to be shifted online gradually. As they didn’t arrive alone, thus came with the urgent need to search for a proper, appropriate, safe, and click away from an easy mode of payment solution, while purchasing online. This online payment solution is like the backbone for almost entire ecommerce products and service providers.

We can list the best payment solutions for all the low and high-risk ecommerce businesses working today, or are in the need to get payment solutions, because they are worth performing better online businesses for the betterment of potential buyers online. We can get the explanation and get informed of the different aspects of services provided by any digital payment solution providers.

 Some of the payment solutions which are most preferred by ecommerce companies are 

  • Payment solutions for Credit card and Debit cards processing
  • Efficient payment Gateway solutions
  • Merchant Accounts for easy transections
  • ACH & check to process
  • Online banking
  • Opening of offshore Merchant accounts
  • Specialized in crypto currency Payment solutions

What is an Online Payment Solution provider, and how does it impact your ecommerce well-being?

An online payment service provider is you can say, the agency in between the traders and online buyers, offering payment services, consultation with online merchants, and offering more updated secure transaction methods. More or less it connects buyers with online merchants by easy transactions and timely delivery of stuff and services responsibly.

How to deliver as Payment Service Agency?

What is the expectation? 

What are the new technology advancement and there easy marketing is all the working arena of a Payment service provider? First, to last all services are elaborated under

Payment solution for credit cards and debit card processing is a must to cater. As, we all know that in present-day marketing equations, the banks are issuing Credit cards and debit cards to buyers, and are used as the tool to purchase online, and that service can be reached 24 by 7. That’s why the processing agency is readily giving the software which is attached to the web, for payment acceptance. 

Payment Gateway solutions are those services related to payment online, as a software, a payment gateway can be termed as a tool given on the website for the security of banking data, and forwarding the payment request to the bank, and gains an approval with transparency. 

Offshore Merchant Accounts enables the ecommerce business the excess to the global market oversea. They allow them to do oversea trading, accepting the foreign currency, on low taxation. These Offshore Merchant accounts help to collect the huge some and frequent transaction without any hiccups, which are mostly opened by Payment solution providers like the Radiant Pay based in London.

High-Risk Processing, some ecommerce businesses fall in the category of High-risk business, whose order and transaction need some extra care. As these categories’ like Adult Industry, tobacco sale, Casino and Gaming Industry, and the travel industry are just some examples, which is handled with some unique terms and conditions in the International Market.

 There are some facilities which are given by experts of online payment solutions like Radiant Pay, for the easy transaction of the fund, although High-Risk in nature.

ACH (Automated Clearing House) and check clearing facility is also a very innovative form of digital payment model, in which the fund is cleared in a scheduled, timely cleared with an automated process, it’s a fund clearing system with e payment and electronically debit and credit cards. They can issue electronic checking slip which is accepted all over and reduces your frequent visit to the Banks.

Online Banking Services are largely used by all the customers globally, as many payment alternatives available for transactions like Credit Cards, Wallets, Vouchers, Cheques, etc. As the Highest % are using the Online Banking and purchasing cashless, Our Radiant Pay is also doing payment ease for this customer, if they don’t have Credit& Debit cards with them.

Call to Join Radiant Pay as an Expert

I hope you got the complete Idea of how an Online Payment Solution provider is making our work of running a seamless and profitable ecommerce business, is converting our dreams into reality. They help to collect money, in a safe, fast, and easy manner, without troubling us a bit.

If you are looking for a quality Online Payment Service Provider, Radiant Pay is more than the Best choice. It is better to grow your business with all the other resources, and leave the Digital Online Payment to Radiant Pay for the extremely better and sure result of Rocket like growth in your ecommerce business. You can also visit www.radiantpay.com and 

 support@radiantpay.com      

The Hottest Trends in Online Banking

The Hottest Trends in Online Banking

Sanding in bank queue is toughness work to pay your card bills or other documents waiting for your bank statements to arrive in the mail? Welcome in the ear of internet banking, the best alternate option of banking when you don’t like to stand in a queue or going to the bank physically for the transaction. Nowadays It uses internet banking with advanced computerized technology to give a seamless experience to users to avoid time-consuming tasks and paper-based work of conventional banking for the better management of financial accounts more efficiently and easily. 

With help online banking system, you can manage and control your banking transaction easily whenever or wherever you want without any hassle with internet access. Online banking gives your high flexibility with huge advantages, gives you the best convenience, easy to use, high security and comes with the latest term of technology and the use is absolutely free of cost. 

Online banking gives you varied benefits and security features for every customer who needs safe and easy banking solutions. almost it offers every facility you need to do from your home or office. Hence, internet banking has been improved with even more user-friendly techniques to make banking easy and fun. 

Bills Payment – when you use online banking there is no need to stand up in the queue. pay your bills online at your convenience. Scheduled payments for the recurring transaction is the best option you can avail with internet banking.  

Account Details – it gives you benefits to keep track of your account details anytime anywhere. you able to view balances, account statement, deposits, interest rate, and loan account easily. You can even print your account statements weekly as per as your requirements. 

Electronic Statements – You can get an electronic statement in your mobile phone, so there is no more waiting for the mail. you can view all details on the app, access past statements for easy financial work. 

Fund Transfers – Easy transfer of funds between your multiple bank accounts in local or foreign banks. You can also request for demand drafts. Create Scheduled transfers to accounts within your bank. Define the amount, effectivity and frequency of your payments.

 

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.

Payment Gateway – Points To Checkout before Integrating

payment gateway integrationA payment gateway is essential for any business owner that needs to accept online payments from customers. Without a gateway application, securely requesting online payments from purchasers and clients will become impossible. The gateway performs certain functions like verifying the billing information of the customer, verifies the funds of the payment method of the customer and most importantly ensures that the payment owed to you reaches you safely. While the payment gateway application is necessary, there are certain points that you need to check out before integrating.

Typically there are two categories of payment gateway options you can choose from. There is the modern payment gateway option and the classic payment gateway option. Depending on your use and personal requirements, you can analysis the various benefits of both and opt for the one that suits your needs.

Modern Payment Gateway
In the recent past, in order for one to be able to accept credit card and debit card payments online, it was essential that he or she had a merchant bank account. Accepting payments without merchant bank accounts wasn’t possible. However, with the introduction of the modern payment gateway option, you no longer need to have a merchant bank account to accept payments. Credit card payments can be accepted with just a regular banking account. Further, modern payment gateways charge a payment fee that is larger in amount than the classic payment gateways. Customers will also be redirected to another page in order to make payments.

Classic Gateway Payment
The classic gateway payment method is the old school method of online payment acceptance. In this method having a merchant bank account is essential. Without the merchant bank account you will not be able to accept any online payments through debit and credit cards.

The payment fees charged for classic gateway payments is much more than that charged for modern payment gateways.