Online Money Transaction

Online money transaction does not seem to be directly related to bloggging beginners. However any serious blogging beginners would eventually like to know the numerous payment gateways for online transaction. My earlier posts mentioned a few widely used payment gateways favoured by most bloggers.

In my research for other payment gateways, I come into contact with this interesting website on Online Money Transaction provided by EPAY.

EPAY is an innovative way to online money transfer and payment processing solution. Signing up with EPAY as member is free is immediately granted access to an incredible array of online payment processing options, providing you with the opportunity to carry out all your online payment processing needs using a single gateway.

EPAY offers debit card, credit card services as well as sending large amount money online through their EPAY gateway. An interesting and innovative benefit is that if you ever receive an email or sms saying that you have a payment from EPAY member, you can collect it from EPAY site by following a few simple click! Check it out here!

Merchants can sign up their merchant EPAY account and take the advantage of an easy online money transaction provided by EPAY. Their site is marked by SecureSafe Network Solution and is enabled to receive 128-bit encrypted info to ensure personal data is protected. Another third party verifcation and services also endorse and certified that EPAY is a safe shopping site. Check their site for verification here.

EPAY also offer affiliate program for referring friends and merchant, which makes it a great affiliate program to join. Sign up and be fruitful, fellows.

Payment Processing for Online Businesses

While having lunch two days ago with my fellow group members, the subject of payment gateway for online businesses come up at the table. We concur that it's important to make sure that payment gateways on our sites are secured It is generally agreed that the few most common, secured and reliable payments gateway would be PayPal, VeriSign (whose payment gateway had been acquired by PayPal) and ClickBank.

We noted that another wide-used method would be using credit card payment gateway. There are a number of issues that need to be addressed:

• Often online companies are not able to swipe their customers' credit cards through a card swipe machine (as in physical stores and shops) and cannot obtain their signatures, they are often classified as high risk businesses.
• Merchants need to answer the question of how secure a credit card transaction is. Customers need to know that the transaction is done professionally that comes with a refund policy and legally protected.
• Merchants who offer credit card service must use a renounced or trusted credit card company.

However the benefits of online credit card transaction for online business owners out-weigh the risks or issues as mentioned above:

• It is an obvious fact that cash cannot be safely sent through mail;
• Cheques (or checks) take time to clear, a tedious and time consuming process which weighs down the merchant and customer;
• Credit card transaction is fast and done almost immedaitely by the click of a button;
• Credit cards transaction through a secure server will give customers confidence in legitimacy of the merchant. There are many servers striving to provide top-notch security transaction.

Research into credit card payment providers show MsMerchant Account is one company providing great online credit card transaction, at the same time offer merchants the best available transaction rate.

MsMerchant Account has been offering processor services to many established industries and even to new merchants, no matter they are small, medium or large businesses.

MsMerchant Account accepts and processes Visa, MasterCard, American Express (Amex) and Discover. Merchants will be able to reach to a much wider spectrum of customers gloablly.