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A 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.

Business services, Card Processing Services

Card Payment – Top Time to Choose this Payment Option

January 29, 2018 admin

While most businesses today offer the option of card payments, there are a handful of businesses that still have to get onto the credit card payment bandwagon. If your business is one such business that is still going old school and accepting only cash payments, it’s time you changed things around. If you have a fixed customer base and are happy and satisfied with the sales you’re getting currently, then you probably don’t need to. However, if you’re finding them your sales are dwindling and you need to up your game, then maybe its time you introduced the card processing option. Let’s not discuss exactly when you need to start accepting card payments:

When you find that customers from other countries and cities are interested in your products, but are unable to purchase them due to lack of payment options, it’s time you introduced the option of credit card payments.
If you’re beginning to lose old customers because of state of the art modern stores that offer credit card payment options, it is the time that you started offering your customers credit card payment options.
When you want larger volumes in sales, it is always a better option to provide card payment processing. Some customers have limited cash with them and are more comfortable making bulk purchases with credit cards. You don’t want to end up losing loyal customers just because you don’t have credit card payment options.

Things to Take Into Consideration When Choosing a Credit Card Processor

When selecting a credit card processor, make sure that you opt for a service provider who charges affordable service costs for payment processing. You don’t want to end up using up a chunk of money that you made to pay the service charges of the card processor. Also, make sure that the card processor offers the option EMV chip readers for the safety of your transactions and to prevent fraud.

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.

Online Payment processing, Online Payments

The Emerge Of Mobile Payment and How It Revolutionized the World of Digital Payment

December 25, 2017 admin

In today’s busy schedules & tough life no one has enough time to travel long just to pay some bills. Everyone is looking for an alternative which simply saves their time & also help them to complete their tasks effortlessly. So, in that case, mobile payments and online digital payments services are helping everyone to save times. Mobile payment systems are being people’s future. The main important fact of mobile payment is that it is accessing by so many people all over the world. We can say that our country is becoming digitalized. In every sector, it took wider place in people’s life. Accepting mobile payment services making our life easy, safe and time-saving. In the situation of cashless pockets, this payment service helping us to pay our bills to the cashier. And helps us in ashamed situations. It also helps to pay the accurate amount of the bills. No need the change or chillers.

In Europe, so many people are using digital platforms to pay their shopping bills, electricity bills & other needed bills. They never need to go out to waste time for such small things and they can be safe from pollution and sun reflections. Especially ladies are now able to handle such kind of shopping of vegetables, fruits, home appliances and much more things at home without going anywhere through mobile shopping apps. Not only this but also if they are cashless or don’t have sufficient cash, she can pay the total amount of bill bye digital mobile payments without any embarrassment.

Nowadays mobile payments option is become a game of wait and watch for their customers. Businessmen and merchants are getting so many advantages of mobile payment options in their associations.

Business services, Card Processing Services, High Risk Merchant Account

Now Accepting Checks by Phone Is As Easy As Accepting Credit Cards

December 19, 2017 admin

Now accepting checks by phone is as easy as accepting credit cards payments. By this facility, everyone gets ability to accept check through their mobile phones. You are able to accept checks by phone or online and also can deposit them on the same day. This technology also helps you to process checks to U. S. and on the same day, you can receive your deposits safely and securely from any device from all over the world.

There are some benefits of accepting checks via phone and we are providing you top twelve benefits here:

You can resubmit your NSF items automatically on any decided date and can get instant approvals for your payments.
Last minute payments, like convenience fee or overdue payments, can also be done easily by you.
You can increase sales reliably via offering an additional payment option to your customers.
You no more need to restrict yourself to particular industries for such tasks as it is web-based and a friendly gateway for users.
It improves cash flow. Also helps you to get funds within 48 hours of access.
Shipping the products faster with not any conditions of cash on delivery as such.
You can easily do online integrations as well as can set the dates of paying according to you.
Accessing is safe in check by phone by assigning your username.
It allows you to accept and deposited checks online on the same day.
You are able to access checks by phone at anywhere in the world through any computers or device.
There are not any limits on chargeback and admin return policies.
Virtual terminal and batch processing kind of benefits are also can help you to access your online checks accepting.

So you can now enrich your cash flow by accepting check payments via your own cell phone which is an instant way to check your transactions.

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%.

Online Payment processing, Online Payments, payment gateway Solutions

5 Latest Online Payment System That Takes You Beyond

November 27, 2017 admin

As we all know very well that today no one has time to go somewhere especially for transferring money. So, everyone tries to save their time and think to do work quicker and faster. That’s why today we are going to tell you all that how you can save your time due to pay your bills through online apps and how the apps help you to save your precious time.

Google Wallet:-

Google Wallet is an option for online payment that helps you to send safe, simple, and fast money transfer from their browser, smartphone, or Gmail account. You even can get your credit cards, debit cards, loyalty cards, and even gift cards store to your account through Google Wallet.

Apple Pay:-

Apple Pay is very easy and safe to pay any kind of transactions through you. It’s not only a safest but also the fastest money transfer to their merchants. Apple Pay also has a feature to uses touch confirmation through ID. Just like, you can use your fingerprints to take out their burgers and pizzas.

Stripe:-

Most powerful and flexible tools for e-commerce build by Stripe. It designed APIs and unmatched functions, whether it’s users, an on-demand marketplace, an e-commerce store, creating a subscription service or a crowdfunding platform. Stripe is a very helpful processor of money transferring to create best products for users. Most innovative technology companies are getting their companies on peak through stripe.

Paypal:-

Just like all money transfer apps, Paypal is also highly known digital global platform for their users to transfer money speedily, safely and securely. It is also a time saver conclusion for their users to send money from here to there quickly.

Due:-

Through its innovative time-tracking and invoicing tools, Due get famous. These tools are very useful for small businessmen and freelancers. Recently, Due allowed getting secure online payments on 2.7% transaction rate for its users. It also deals with global payments, digital wallet and e-bank to send and receive money.

These are five safest, fastest and innovative applications which can help you as an users to send and receive money hassle free.

High Risk Merchant Account, Merchant Account

Now You’ve Done with Merchant Account, What’s Next?

November 7, 2017 admin

In today’s fast-moving technical yet approachable world, it is essential to have a merchant account. A merchant account is nothing but an agreement between Retailer, Merchant Bank and Payment Provider. After purchasing the Merchant Account, You have to go through the online application submission through the merchant account to be eligible for the merchant account.

Below mentioned are quick yet easy steps to step ahead for your merchant account:

Login to your account
Go to merchant account section
Click the online application form
Fill up the details
Submit it for the review

After the submission of your online application for merchant account, your application will be reviewed by the merchant service provider. Here are five things that you must consider when you are going through the merchant application and approval process:

Know Your Industry & The Merchant Service Provider
Never Lie On Your Merchant Application
Provide As Much Relevant Info As Possible
Only Ask For What You Need
Provide Current Processing Statements

How to Get Approved For the Merchant Account??

To increase your merchant account eligibility, follow these tips:

Ensure a positive credit rating
Be honest about previous merchant accounts, bankruptcies, liens or judgments.
Be willing to pay higher fees or accommodate special account requirements.
Shop around for a credit card processor that best suits your needs.
Only Ask For What You Need
Provide Current Processing Statements

At the time of selecting a merchant service, one important consideration may be the fees. Merchant accounts have the variety of fees attached to them, not all of them are always clearly stated in contracts, including:

Application Fees
Setup Fees
Monthly Fees
Discount Rate
Per-Transaction Fees
Cross-border Fees
Rental fees for a credit card terminal

You can contact your merchant account provider directly if you have any questions regarding your application status.

Business services, Card Processing Services, High Risk Merchant Account

Why Should One Implement HTTPS and Encryption?

November 2, 2017 admin

Hyper Text Transfer Protocol Secure (HTTPS) is the protected version of HTTP, the protocol over which information is transferred between your web browser and the website that you are connected with. The ‘S’ toward the end of HTTPS stands for ‘Secure’. It implies all interchanges between your web browser and the site are encrypted. HTTPS is regularly used to secure highly authenticated online transactions like internet banking and online shopping order forms.

The encryption inside HTTPS is planned to give benefits like confidentiality, authentication, integrity, and identity. Integrity shields the information from being changed without your information.

We frequently catch hackers attacking websites; however, it’s similarly as simple and lucrative to attack your website. One strategy is to convey malware into going by a spoofed site (phishing). Those systems don’t require focusing on a particular victim. They can be launched scattershot from anyplace on the web, paying regardless to the attacker’s geographic or network related to the attacker or victim. Another kind of attack in web browsers, sniffing, expects approximation to the victim, however, is no less potent or troubling.

Sniffing attacks watch the traffic to and from the victim’s web browser. The main catch is that the attacker should have the capacity to see the correspondence channel. The easiest route for an attacker to do this is to sit alongside one of the endpoints, either the web server or the web browser. Decoded wireless networks — consider cafes, libraries, and airports— make it simple to discover the browser’s endpoint because the traffic is visible to any people who can acquire that system’s signal.

Encryption defeats sniffing attacks by disguising the traffic’s meaning from all aside from the people who know the key to decoding it. The traffic stays visible to the sniffer; however, it shows up as streams of arbitrary bytes as opposed to HTML, links, cookies, and passwords. The trick understands where to apply encryption keeping in mind to secure your information. For example, remote systems can be encoded; however, the historical backdrop of wireless security is weighed down with intolerable mistakes. Also, it’s not really the right solution.

Therefore, one should implement Encryption with HTTPS mainly for secure payment processing with card and online transaction.

Radiant Pay Official Blog