• 11Mar

  You need to accept credit card payments on your website now!

  Merchant Account Comments Off

  Today it is of high importance to accept credit card payments on a website which want to sell their products and services online.

  Many still relay on Wire Transfers or check processing and ask their customers to pay by these methods; however they will lose orders and money in this way.

  The risk of accepting credit card payments on your website in regards to fraud is existent and you will face customers which will try to dispute a charge even if they have received what you sold them, this is a annoying situation to be in but you will, if you have the proper documentation in place be able to fight such fraudsters.

  Compared to PayPal which always is on the site of the buyer then you will have better options to fight a dispute and even a chargeback if you have your own Merchant Account.

  A Merchant Account is similar to a bank account with the exception that you don’t have direct access to it and you can’t withdraw or insert money on that account or use it for day to day transactions. The Merchant account is opened by a Acquiring Bank which holds your moneys and once a week and sometimes every day pay out the funds on your Merchant Account to your bank account.

  However, to become a Merchant Account with a Bank you will need to be approved a an Acquiring bank or processor.

  The approval process and time varies from case to case and bank to bank. In general it speeds up the approval process dramatically if you have the following already in place:

  • 1. Web site need to be compliant, which includes:
  • a. Visa and MasterCard Logo
  • b. Terms and conditions
  • c. Return policy
  • d. A fully working website from ordering a product or service to the final checkout page
  • e. All products and services are online
  • 2. A English translation of a utility bill, phone bill or bank statement
  • 3. Passport copy
  • 4. If you apply in Europe, then a European Company (for instant Cyprus Company)
  • 5. Processing history from either PayPal or former processor
  • 6. A good description of your business and why you want to accept credit card payments.

  Once you submit your application to a merchant account broker or directly with a payment processor then it is easy for you to submit above at the same time, this speed up the process and they don’t need to request each of it one by one.

  CCLOGIC LLC is one of the most connected Merchant Broker companies in Europe; we can place almost any business and business size we work with the Major Acquiring Banks in Europe and also with Banks outside of Europe. Please let us look into your business case if you decided to accept credit card payments on your website.

  CCLOGIC LLC can place : Regular E-Commerce Business | Adult Business | Online Casino Merchants | Pharmacy Merchant Account | Sports Betting Merchant Account | High Risk Merchant Accounts

  Tags: Accept Credit Card Payments, Accept Online Payment, Free Merchant Accounts Available, High-Risk payment processing service, Internet merchant account, Multi Currency Merchant Account, offshore merchant account

• 20Feb

  This is what we call convenience at its best…

  Merchant Account, Payment Gateway Comments Off

  Now, you can not only shop from the comfort of your house, you can even get refunds on these products. No necessity to bother about the weather, no necessity to fret about the traffic snarl-ups or any other thing.

  Just go to an e-shop, choose a product, employ their net Visa card payment-acceptance facility to make the payment and be prepared to receive the products at your stoop.

  This online fraud on credit cards can occur in 2 ways. The 1st one is related to the company, on whose web site you made online Credit card payment for buying of products ; this company itself might be fake i.e. It might take the net card payment from you but not deliver the products to you.

  Likewise , they could use the details of your ATM card ( received thru the filling up of net Visa card payment form by you ) for fake purposes.

  The second sort of crime is committed by fraudsters who use assorted softwares / devices to capture the details of web Credit card payments ( as you enter them on the net Visa card payment form of an internet site ). The spyware works by capturing keystrokes or taking screenshots of whatever you do on your personal computer and then passes it on to the spy. So, the appearance of online Visa card use facility is a boon to us. Don’t access your bank accounts or make online Visa card payments from internet cafeterias ( unless you are positively sure about the credentials of the net caf ).

  For fast and reliable credit card processing on your Website, please visit CCLOGIC.COM

  Also visit our Offshore Merchant Services Discussion Forums for business professionals.

  Tags: Accept Credit Card Payments, Internet merchant account, offshore payment gateway, Payment Gateway

• 17Feb

  We accept credit cards!

  Merchant Account, Payment Gateway Comments Off

  “We accept credit cards” is a statement that you’ve got to have come across multiple times at numerous shops, grocery stores and other merchant outlets. Some years back there were just a few shops that would accept visa cards but today you will find that the majority of the shops accept cards. Basically, some shops ( like those belonging to an enormous retail chain ) not only accept cards but also supply cards. These visa cards entitle you for repayments when you use them at any of the stores of that retail chain. With cards around, a ton of folk have stopped carrying any money with them or simply carry a minute amount of cash with them. 

  With the development of net, card industry too took a new turn and up came ecommerce and e-shops. So, those stickers of “We accept credit cards”, moved on to the doorways of net shops. So came the age where nearly every online-shop would accept cards ( immediately or indirectly ). A few of them disguise themselves as online merchants who accept visa cards as mode of payment ( the particular motive being extraction of critical card details ).

  These fraudsters either clone the cards or merely note urgent info from them ( and use that for online-shopping ). The spyware capture their card info and get it broadcast to the spy using net. So a large amount of merchants and service suppliers do accept visa cards but bear in mind the fraudsters too welcome / accept cards.

  For more information on how to accept credit card payments safe and secure, please visit cclogic.com

  Tags: Accept Credit Card Payments, Internet merchant account, Merchant Account, Payment Gateway, Payment Processing - No Monthly Fee Nochex Merchant Account

• 09Feb

  How fast is your credit card processing?

  Everything else about Online Payments Comments Off

  Are you ready to swipe your credit card for the very first time? Really?

  Or are you already on your way to your second credit card? By the way, do you know it takes ages for you to get your credit card processed? 

  Well, for starters let’s look into the credit card processing stage of your application and why does it take you ages to have that other card.

  The first thing that your bank looks into in the stage of credit card processing is the account that you have in other credit card companies. Normally this part of the credit card processing stage-this is where people in banks get down and dirties with their records and other companies’ records. This would also include how long was the credit card processing stage when you applied for your other cards. This usually means that your bank is trying to find out how much your worth really is. This is the part where they categorize you in subgroups. This also usually means that it’s either you’re a good payer or they would have a have time chasing after you state to state.

  If this happens in the credit card processing stage, the bank would usually require you to give them an alternate address where they send you the bill, by the way this just means that they want to be sure that you are going to pay! And if you get past this stage of the credit card processing with minor injuries to your ego, the next step will be to find out if you have any unpaid balances or other credit card processing with other banks. This just means that they are trying to find out how cards are able to for and you’ll be able to pay for theirs once you’ve passed the credit card processing stage. They usually do this to counter check if you do have the capacity of paying for a number of credit cards so they won’t get stuck a person that cant. And when you get passed this stage, still with minimal damage to your ego, the next step in the credit card processing stage is to verify your identity as a US citizen.

  Because of the US Patriotic Act, everyone trying to get anything in the US is required to have their identities verified because they don’t want terrorist getting anything inside US soil especially getting past credit card processing. And the last part of getting past the credit card processing is to have all the things they need to check in order and to meet the standards of their company, in a nutshell, to get a credit card and to get through credit card processing, you must have other credit cards that are active. Two, you must be a good payer and three you must not have a last name that sounds like you are from Afghanistan-that is. Anyway, you might be having problems when it comes to your credit card processing, most it the time, it’s worth the wait. Credit cards is great financial tool is used correctly and properly. It will enable the credit card holder to manage his or her finances. Having a credit card also ensure not only your money and your life as well because it is very convenient compared to carrying cash or checks every time you have to buy or pay for something.

  Tags: Accept Credit Card Payments, Internet merchant account, Merchant Account, Multi Currency Merchant Account, offshore merchant account, Payment Processing - No Monthly Fee Nochex Merchant Account

• 07Feb

  What is the speed of processing your credit card?

  Everything else about Online Payments Comments Off

   

  Are you ready to swipe your credit card for the first time? Really? Or are already en route to the second credit card? And did you know that it takes age to get your credit card processed?

  Well, for starters, look at the stage of credit card processing of your application and why it has the age to have another card.

  The first thing you see in your bank in the process of credit card processing is the account that you have in other credit card companies. Normally, this part of the stage of processing credit cards is that people in banks and dirt of their records and other documents. This would also include how long was the stage of processing credit card when you ask your other cards. Generally, this means that your bank is trying to understand what your value really is. This is the part where they divided into subgroups. This also means that it is generally either you are a good payer, or a time that would have been chasing each other.

  If this occurs at the stage of processing credit cards, the bank generally requires that to give them another address to send you the bill, by the way that they just want to make sure that you are pay! And if you skip this phase of the credit card processing with minor injuries to his ego, the next step is whether you have outstanding balances for credit cards or other treatment with other banks. This does not mean they are trying to understand how the cards are far and was able to pay once they have passed the stage of processing credit cards. Usually, this to counter check if you have the ability to pay for a credit card to avoid getting stuck with someone who can not. And when you skip this step, even with minimal damage to your ego, the next step in the process of credit card processing is to verify your identity as an American citizen.

  Because of the U.S. Patriot Act, everyone trying to get anything in the United States is required to verify their identity because they do not want to do anything of terrorism on American soil in particular credit card processing. And the last part of the past, obtaining credit card is to have everything they need to check and comply with the rules of your society, in short, to get a credit card to obtain card processing credit, you must have other credit cards that are active. Two, you must be a good payer and three should not have a name that sounds as if Afghanistan. Either way, May you have problems when it comes to your credit card processing, rather than at the time, worth the wait. Credit cards is great financial tool is used correctly and properly. This will allow the holder of the credit card to manage your finances. Having a credit card also ensure not only their money and their lives and because it is very convenient compared to the actual or controls whenever they have to pay or buy something.

  Also please visit our Merchant Services Discussion forum for topica like above and Offshore Services!

  Tags: Accept Credit Card Payments, Internet merchant account, Merchant Account, Multi Currency Merchant Account, offshore merchant account, Payment Processing - No Monthly Fee Nochex Merchant Account

• 05Feb

  Payment Gateway with Anti Fraud Tools

  Everything else about Online Payments Comments Off

  Buyers today expect convenience, simplicity, and a wide range of payment methods so they can choose. Payment by credit card is by far the most popular payment, and if a merchant does not do this, simply go elsewhere, consumers, competition is fierce.

  Setting up a merchant account with our payment gateway enables suppliers of all major credit cards to be accepted into a website, including Visa, MasterCard and Visa Electron for UK customers. This allows the authorization, settlement and management of credit card transactions online. Internet sales can be managed around the world in a single payment gateway and the payments processed in real time.

  Our payment gateway providers also have virtual terminal software, a payment terminal that allows you to accept orders by mail or by telephone if paid for any reason, the information can not be recovered from d ‘ a system based on the Internet. Therefore, transactions can be processed online or offline. Access to the payment gateway will ensure that all transactions are handled easily with all major banks and is available to dealers in all European countries.

   

  Used by the gateway of our provider payment gateway is designed to be as friendly as possible, which gives absolute control over the payments and transactions, the ability to print the statement is always available. The system is very powerful and can handle multiple merchant accounts on one server. The system is capable of handling all major banks and several banks can be installed at a time.

  Our payment gateway providers use the Address Verification (AVS), which confirms the identity of the credit card. The system works by the confirmation of the billing address of credit card is the same as in the application form will be kept at the bank issuing credit cards. Verification Code Security (MasterCard Secure Code and Verified by Visa) has been introduced to improve the security of internet payments. Basically it is 3 digits printed on the card or signature required by operators and to secure “card not present” transactions over the Internet, by phone, mail or fax. Due to the increase in attempted card fraud, it is now mandatory to provide this code when the cardholder is not present in person.

  A fraud scheme, was designed with a high level of anti-fraud tools to detect and prevent fraudulent transactions, which contains more than 180 different characteristics of fraud. The system is designed to maximize the protection of an online business and is based on more than 7 years of experience and research. Using this research, the company has built a database for its results with many different types of fraud. Features include: intellectual property and game cards, general restrictions on the country, block map, restriction map, Time Frame Relay, tools to fight against identity theft and the tools to fight against phishing.

   Visit our Merchant Services Discussion Forum today and enter into discussion about above and many other topics!

  Tags: Accept Credit Card Payments, Internet merchant account, Merchant Account, merchant account intuit, Merchant Services, Multi Currency Merchant Account

• 03Feb

  The general Visa and Mastercard regulations are complicated!

  Merchant Account Comments Off

  Many merchants who conduct business on the Internet are not aware of what they really apply for when they decided to accept credit card payments on their website.

  To apply for a Merchant Account by any bank or payment processor is not just a application and isn’t without risk for the Acquiring Bank, therefore Visa and Mastercard put towards merchants regulative which helps protecting the Acquiring Banks and the Payment Processors against fraud and huge losses.

  Merchants which apply for a Merchant Account often set in question why all the documents are needed, why they have to prove their identity and other stuff just for accepting credit cards. Well, you must look at it in a different way, what you are really asking for is someone that need to give you credit or a “loan” and have them to believe that you do regular business and deliver your services and products according to your Terms and Conditions. The case is that once the Merchant got the first payment from the Acquiring Bank or the Payment Processor then there is a possibility for the Merchants customers to make a chargeback on whatever they bought, a chargeback can be issued by the customer within 180 days after a credit card transaction took place. Some Merchants start a business to later on to find out that it don’t work for them, they don’t get visitors or are simply fail in their mission to run a Internet Business, however the few sales they might have made or even a large number of sales for a short period, lives the Acquiring Bank with the risk of Chargebacks, and if the Merchant in the meantime went out of business then it can be difficult to come back to the merchant and claim the los.

  While above made a “hole” for fraudsters in the Merchant Acquiring business, then Visa and Mastercard set forth regulations for Acquiring Banks  and Payment Processors to protect them self from conducting business with several business constellations and products and services which are allowed to be sold.

  For instant some of the well known high risk segments are Online Gambling, Pharmacy business, Adult Entertainment and Sports Betting websites. Those, are complicated to place due to several fraud incidence in the past and for the pharmacy business while it is often the case they are selling controlled drugs or replicated medicine.

  While you decided to start accepting credit card payments on your website, I would suggest you to write down a brief description of your business, how you will handle your orders, which you will go and sell to, which countries, and of course if your services or products need a license then attach it. Submit everything to the Payment Processor, ISO or who you want to open the account with and let them deal with everything. You will often be able to get a Approval or Decline within 48 hours, if your application declines, you will get information about why, that enables you to make corrections to your business case an resubmit it to another Merchant Acquire.

  For more information or to find out if your business can become a Merchant Account, please apply your business at  cclogic.com

  Tags: Internet merchant account, Merchant Account, merchant account bad credit, Multi Currency Merchant Account, offshore merchant account, Visa and Mastercard acceptance

• 23Jan

  Bank and corporate secrecy laws, offshore vehicles and merchant accounts in offshore jurisdictions.

  Everything else about Online Payments Comments Off

  Banks corporate secrecy laws typically impose civil and criminal penalties for unauthorized disclosure of confidential information, including information on the beneficial ownership and control of corporate vehicles. These laws diminish the capacity of authorities to obtain and share beneficial ownership and control information when they not provide mechanisms for domestic and international authorities fulfilling their regulatory/supervisory or law enforcement functions to access records.

  Above is part of an article we found on a website of OECD. The purpose of the entire article is to inform people about the illicit use of bank accounts for laundering money or to hide money from tax authorities.
  The main purpose for an offshore bank account is to have it opened in the name of the offshore company to be able to get all the benefits from your offshore company operation. Beside the tax benefits and asset protections possibility, often such offshore vehicles are used to be established by people which live in countries where they are unable to open an bank account.

  Another widely used reason for opening an offshore bank account and an offshore company is if the business conducted is Internet based. The card associations has divided the world in about 6 regions and prohibit people from one region to clear credit card transactions in another region then where the company and the business is conducted. To work around this problem it is common to open an offshore company which fells into the region of where the Acquiring bank is located with whish the transactions should be cleared.

  Other aspects are the legal issues of certain product or services, for example the distribution and selling of replicated products of brands is prohibited in most parts of the world if they are not licensed. In some countries it is however, possible to sell those products; typically China is such a country. To be able to sell such products on the Internet you will need to become a credit card acceptance agreement with a bank in the region where it is legal to sell the product. But those banks (as already explained above) require you to be incorporated in the same country as the Acquiring Bank. To work around this you will need to establish an offshore company for instant in China; since it can be overwhelming to open a company there it could be of benefit for you to have the Chinese entity to be owned by a “more close to you” company which in worth case can be liquidated and in that way not harm you or your economy.

  [...] Read the entire article at web-chamber.com

  Thank you for your reading and we hope to be able to serve you once in a while when you decide to register a Cyprus Offshore Company or need a Cyprus Bank Account or just want to Accept Credit Cards on your Website. Then please contact cclogic.com | Please also feel free to visit our Merchant Servise Discussion

  Tags: accept credit cards, credit card payment, Internet merchant account, Merchant Account, Merchant Services, Payment Gateway, payment processing, pci compliant

• 16Jan

  Do I need to be PCI compliant to store credit card information?

  Everything else about Online Payments Comments Off

  As long as the websites and the server it is hosted on is PCI compliant, and the compliance is maintained on a regular basis, then it is safe to key in your credit card information and other personal information.

  Many websites will redirect the card holder to a “shared” or “secure” payment form which is hosted at the payment gateways end, and which (if the PSP is PCI compliant) is secure. In some cases and on large web shops it is sometimes of benefit for the website owner to integrate their website directly with the payment gateway which keeps the card holder on the website which then again will leave the card holder get a better experience in some cases.

  However, since PCI hasn’t reached all websites and web shops on the Internet, then you will still find places which don’t redirect you to a secure payment form and which aren’t PCI compliant. This websites are unsecure and you should avoid them for any price. If they for any reason are unable to obtain a valid PCI certificate then you can be assured that it isn’t safe to enter your credit card information there.

  I have seen many cases, where those website owners want to have the card holder to be kept on the Website/web shop without being redirected to any secure payment form, due to a more professional look and various other reasons, as they explain. I even heard that some want to store the card information because they want to use it for marketing and fraud prevention. However at the end of the road they didn’t care about the security, people think that just because the card information is encrypted then it is safe to store it, to those people, you are SO WRONG, it take so much more to get the proper security implemented to avoid any security breach or even avoid hackers to get the information. It is a task which many think they can overcome but they quickly see that it will cost a few bugs to get it done and because of additional expenses they just leave it and pray that nothing happens or even just don’t care about it.

  It isn’t that expansive for a website owner to get compliant and have the proper security and patches applied to your server, and you can find some low cost providers like hackersafe which will help you to be and stay complaint. In my opinion a few thousand dollars should be worth it.

  Many people will try to tell you other stories and have found the key to a short cut, don’t believe them; you have to follow the PCI compliance regulations which I already provided a link for.

  Tags: accept credit cards, credit card payment, Internet merchant account, Merchant Account, Merchant Services, Payment Gateway, payment processing, pci compliant

• 13Jan

  What does your Web Site need to Accept Credit Cards?

  Everything else about Online Payments Comments Off

  This is a common question all over the Internet and especially in many e-commerce forums. We will try to clarify this question in this article and hope it will be of benefit for you and a better understanding.

  
  The website need a way for your customers to order your services and products, this is often managed by installing one of the many shopping carts available for instant OSCommerce or Cube Cart. Those are very easy to install and only take minutes to get online, the difficult part is to add your products, pricing and of course the design.

  A good thing to remember is that you want to show your customers that you are accepting credit card payments and that you are honest. The credit card regulations demand you to put up the credit card logos on your website that you are able to accept now. Also you will need to enter your contact and company details at somewhere where it is easy for your customers to find it. Finally you will need to implement your Terms and Conditions, your return policy. A good idea is also to have a privacy statement on your website, which you of course need to apply to.

  Once you have managed above, you will need to have a payment gateway integrated, this can be something like authorize net or a 3rd party payment processor like 2co. If you decide to go with a regular payment gateway you will need to find a Merchant Account with a bank that supports the payment gateway you choice. Most Payment Gateway providers already have established relationship to the banks that supports their payment gateway. If you choice to integrate a 3rd party processor then you only need to worry about that, you don’t need to look for a merchant account too. Many payment gateways and 3rd party payment processors have a readymade plug-in for the major shopping cart and billing systems, so it is very easy to get them integrated with your website.

  As soon as the integration is done, you will need to contact the payment gateway provider or 3rd party payment processor to make some test transaction, this is of great benefit for both parties since you need to make sure that the credit card transactions are passed without problems or errors to the bank to be processed.

  Now you are almost done, make sure your are switching from the test environment to the live system. Often it is a demand from the payment service providers that while you are integrating your website with them, you will need to do so on the test platform and once everything is working you will need to switch to the live environment. The test and live environment is identical, so you can be sure that if it works on the test then it also works live.

  A thing to consider is PCI compliancy, which you need to take seriously, if you want your customers to enter their credit card information directly on your website, then it is often needed to be compliant, you can read much more about to be PCI Complaint at the link we provided.

  If you are looking for a Payment Gateway and a Merchant Account then cclogic.com  is able to help you, also if you are in the Adult Entertainment or Pharmacy business, contact us today.

  Tags: Accept Credit Card Payments, Internet merchant account, Merchant Account, merchant account intuit, Merchant Services, Multi Currency Merchant Account

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