April Newsletter: iPay88 Promotion with EmbunWeb

April 1, 2010 eCommerce, promotion

Are you selling online? From now until end of June,31 2010, all EmbunWeb clients are entitled for 2nd year of iPay88 maintenance fee waived when they sign up with iPay88 MYR Gateway SME Plan during promotion period.

What is iPay88?

Planning to sell online or selling online now, but not sure how to accept payment from your customer? iPay88 can facilitate you as online retailer or merchant to process online transactions in large extent. Whether your business is large or small, ipy88 can offer everything you need to start accept payments from around the world, fast, securely and safely.

The online ePayment gateway that helps online store (or e-store) to accept payment via Internet Payment options such as Credit Card, Electronic Account Debiting service (or E-Debit), Electronic Wallet (or E-Wallet), etc. to complete a sales transaction via Internet securely.

Beside continuous research and development on the internet payment technology and security, iPay88 also will run marketing activities to help its merchants to grow online sales from time to time. As the leading Internet Payment Service Provider in Malaysia, iPay88 has launched its multi-currency gateway in February 2009, becomes the first local internet payment service provider with multi-currency processing.

Sign Up now!

Knowledge Sharing Segment

Why we use payment gateway

Authorization

Any purchase made with a credit or debit card via a payment gateway must first be authorized by the credit card issuer. The payment gateway checks that the credit card is acceptable. The gateway affords you a secure link between you, your customer and your credit card processor. It also allows for fast and efficient transaction processing with an average response time of 2 seconds.

Settling

At the end of the day, the internet payment gateway groups all of your transactions together and sends them off to your bank in a single batch. This process passes the transaction to your bank so that you receive payment. This process is called settling. Once the funds settle, it normally takes two business days for you to see the funds electronically deposited into your bank account.

Reporting

This process records your transactions and allows you to view them using the payment gateway report facilities. From here you can review them, print them or download them to your computer for further processing. Some payment gateways are even compatible with QuickBooks, making accounting and reconciling a breeze.

Unlimited Users

With an Internet payment gateway, an unlimited number of users can use the gateway at the same time, unlike a terminal or software solution where only one customer can checkout at a time, or one operator can enter transactions at a time. With an Internet payment gateway, you can have multiple users entering transactions from various locations, all at the same time. In effect, you get an unlimited user license fee with a payment gateway.

Fraud Screening Tools

Internet payment gateways also offer fraud screening tools to reduce fraudulent transactions. This includes address verification and card code value (CVV) verification to ensure that the payments made via your Internet payment gateway are legitimate orders and not from fraudulent use. It also prevents fraud by storing the credit card transactions in the Internet payment gateway rather than on your website. This reduces your liability as you won’t have to store any credit card information.

Tags: