VersaPay » Credit Card Payment Gateway http://www.versapay.com Simplify Payment Processing Fri, 18 May 2012 16:20:46 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 From Credit Cards to your Bank Account http://www.versapay.com/company-news/from-credit-cards-to-your-bank-account/?utm_source=rss&utm_medium=rss&utm_campaign=from-credit-cards-to-your-bank-account http://www.versapay.com/company-news/from-credit-cards-to-your-bank-account/#comments Wed, 25 Aug 2010 21:21:35 +0000 VersaPay http://www.versapay.com/?p=5309 The following graphic shows how money you collect from your customer’s credit and debit cards end up in your bank account.

Collecting money through credit cards to your financial institution

  1. Credit card information is collected by the merchant and sent to the payment gateway
  2. Payment Gateway authorizes the payment by checking for credit in the customer’s account
  3. Money is deposited into the merchant’s merchant account
  4. Funds are deposited into the merchants bank account (within 24 hours)

Want to learn more about opening a merchant account? Speak with one of our dedicated relationship managers today.

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]]> http://www.versapay.com/company-news/from-credit-cards-to-your-bank-account/feed/ 0 How to choose an internet payment gateway for your ecommerce system http://www.versapay.com/company-news/how-to-choose-an-internet-payment-gateway-for-your-ecommerce-system/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-choose-an-internet-payment-gateway-for-your-ecommerce-system http://www.versapay.com/company-news/how-to-choose-an-internet-payment-gateway-for-your-ecommerce-system/#comments Tue, 20 Apr 2010 15:30:38 +0000 VersaPay http://www.versapay.com/?p=3913 What is an internet payment gateway and how does it work?

Payment gateways give ecommerce merchants the ability to process payments online. The payment gateway connects the merchant’s online shopping cart to the payment processor. This allows for transaction authorization and the transfer of funds from the customer to the merchant’s acquiring bank.

How do I choose the right payment gateway?

When implementing an internet payment gateway, consider the following:

Features

Many gateways provide features that improve both customer and merchant experience by increasing the speed, security and efficiency of transactions. VersaPay offers several gateway solutions with features to meet your specific business needs.

Reliability

Merchants who process their transactions with a reliable gateway provider can offer customers an improved online shopping experience. Make more sales by offering a payment service that runs 24/7.

Compatibility

Will your payment gateway be compatible with your shopping cart? VersaPay offers solutions that are compatible with nearly any online shopping cart solution.

Cost

As you set up your internet payment gateway, expect to pay for:

  • Set-up costs associated with implementation.
  • Monthly service payments.
  • Transaction fees.

Additional expenses may occur if your current provider’s gateway is not compatible with your shopping cart. VersaPay’s credit card payment gateway offers seamless integration with nearly any online shopping cart solution while providing competitive prices.

Location

If you are a Canadian merchant, it is advantageous to choose a Canadian payment gateway. While ecommerce removes geographic borders, there are distinct advantages to working with a payment gateway provider who … Read more

]]> http://www.versapay.com/company-news/how-to-choose-an-internet-payment-gateway-for-your-ecommerce-system/feed/ 0 How to choose a Canadian payment gateway http://www.versapay.com/company-news/how-to-choose-a-canadian-payment-gateway/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-choose-a-canadian-payment-gateway http://www.versapay.com/company-news/how-to-choose-a-canadian-payment-gateway/#comments Wed, 20 May 2009 02:30:19 +0000 VersaPay http://www.versapay.com/?p=3 If you are a Canadian with an online business then it is essential that you offer a secure and bankable way for your clientele to make transactions, a Canadian payment gateway is your best choice be it online or in-store. A payment gateway is now a necessity for businesses in and out of Canada, especially those that offer online transactions, a payment gateway will be a distinct advantage to your business since the gateway will allow the online transfer of payment from the client to the merchant’s account. A clear comprehension of how this system works within Canada or outside the Canadian border will assist you in choosing the best payment gateway service.

How exactly does a Canadian payment gateway work? Like any other payment gateways a Canadian payment gateway encrypts confidential information, like credit card numbers, this makes sure that information is exchanged safely between your website and Visa / Mastercard. A payment gateway processes the transmission of information between a payment point to the issuing bank. The Canadian payment gateway verifies validity, encrypts, sends the credit card information to our secured server, and translates encrypted responses back to your website indicating the status of the transaction.

There are several things to consider when choosing a payment gateway from Canada or any other gateway provider from other locations.

  • First, it is essential that the payment processor complies with all Canadian ecommerce requirements like PCI compliance.
  • Second, consider how many different canadian payment gateway providers you’ll have to work with
    • … Read more
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