Accept Bill Payments Online
Something I am getting asked about with greater regularity is how to manage a merchant account facility for e-commerce purposes. To be honest it’s a bit of a minefield and there are some solutions that work better than others.
One possible option is the package provided by UK based payment service provider - Axiar Payments.
The big question is what does this type of company actually add to the average e-commerce based business.
Here are some things to chew on:
• Processing of credit card payments for merchants.
• Payment Service Provider (PSP) of credit and debit card transaction system which connects your front-end system such as an ecommerce website to your merchant account. As part of the payment gateway, you can also benefit from fraud screening including a custom fraud module specific to your company. The gateway is managed through the Axiar Payment Management System.
• Built in fraud screening tools, which can be made to suit a business.
• Anti-fraud measures can combine a number of tests to work out the likelihood of a transaction being fraudulent. For example:
-Address check
-Card Verification Number
-Verified by Visa / MasterCard SecureCode
-IP Geolocation
-Buying pattern
-Purchase history
-Black/White lists
-Third-party identity checks
-Manual review
• Transactions can be managed via a virtual terminal, fraud rule configuration and a range of reports.
If all this functionality isn’t enough, you may want to click here to see what other bells and whistles are available with this service.
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