Did you know that a Merchant
would have to shell out upto Rs.6,25,000 (1,00,000 towards Integration
fees, 5,00,000 for Security deposit 50,000 for due diligence) before integration
and would have to bear a charge of upto 1,25,000/annum (50000 towards
SSL Certification, 50000 towards rent and 25000 towards Software Maintenance)
to continue using a payment gateway to sell his product online. More over
this would be only for one or two types of credit cards OR just one type
of bank transfer. If he required more means of accepting payment on-line
then he would have to just keep multiplying his expenses into it. No wonder
everybody cannot afford e-commerce websites.
Shocked?? Well, we have a simple solution.
The Innovative team at Paysignet has devised the "EARN and PAY"
module. It's very simple. We have a small one time integration fee in
eack of our plans. Out of this you pay only 50% when submitting documents
along with the Annual Maintenance Charges as per your plan and start selling
online. As you sell online you pay the balance of the setup fee from your
earnings or online sales. So just as the name suggest, without any burden
you Earn and you Pay.
Surprised?? Don't be. We at Paysignet strive to make e-commerce websites
affordable to everybody.
Paysignnet has been approved
as a Super/Master Merchant by ICICI ePayments, American Express, HDFC
Bank and has integrated all the three major payment gateway service
providers in India. Paysignnet allows e-merchants who integrate their
websites with it to accept payment from their customers who use the
following credit card brands.
MasterCard
VISA
American
Express
JCB Cards
ONLINE
BANK TRANSFERS
Paysignnet also allows merchants who
integrate their websites with it to accept payment from customers
by direct debit facility provided by any of their following online
bank accounts.
HDFC Online Banking
ICICI Online Banking
UTI Bank
HDFC Online Banking
ALLAHABAD Bank
Bank of Baroda
Bank of India
Bank of Rajasthan
Corporation bank
Federal bank
Karnataka bank
Oriental bank of Commerce
State Bank of India
Vijaya Bank
Yes Bank
Mobile Payments
Paysignnet also allows merchants who
integrate their websites with it to accept payment from customers
using Mobile Phone.
PayMate
OxiCash
Cash Card
Paysignnet also allows merchants who
integrate their websites with it to accept payment from customers
using Cash Cards
Itz Cash
COMING
SOON
Paysignet shall soon be offering transfers
from CitiBank E-Cards, Citibank, Kotak Mahindra Bank, , Bank of Punjab, Federal Bank.
Paysignnet intends to intergrate Credit Cards like Diners Card and Online Bank Transfers from accounts of HSBC, Standard Chartered
Bank and all such banks which are willing to
offer these services.
Paysignet is the only Multiple Option Payment gateway In India, which displays the Sellers Website name instead of its own name, on the Credit Card statement of the Buyer. This greatly enhances brand value of the Seller and also reduces confusion and charge back in case the buyer forgets the purchases.
Verified By Visa
Visa has developed a new online security feature called Verified by Visa that works with existing Visa cards. With Verified by Visa, consumers can rest assured that using their Visa cards on the Web is just as safe as using it at a local merchant around the corner. Additionally, participating merchants receive added protection from fraudulent chargeback activity.
Through the simple Verified by Visa checkout process, Visa card Issuers confirm consumers' identities in real time during transactions at participating merchant sites. And unlike other services that promise online security, with Verified by Visa, merchants initiate the authentication process. Shoppers don't have to load special software or open a digital wallet. So a simple and painless shopping experience is maintained for your customers.
How the Verified By Visa process works
If you are a card holder then you get a unique password from Visa. Your Verified by Visa password helps ensure that only you can use your Visa card number to buy online.
Once your card is activated, your card number will be recognized whenever you purchase at participating online stores. You'll enter your password in the Verified by Visa window, your identity will be verified, and the transaction will be completed. In stores that are not yet participating in Verified by Visa, your Visa card will continue to work as usual.
When the consumer clicks "buy" at checkout, software installed on the merchant server recognizes registered Visa cards and the Verified by Visa screen automatically appears in the consumer's browser. The consumer simply enters his/her password and the password is verified.
Verified by Visa improves the security of payment transactions in the electronic commerce environment over open networks. It is designed to increase both cardholder and merchant confidence in Internet purchases, as well as to reduce disputes and fraudulent activity related to the use of Visa payment cards. Further benefits of Verified by Visa for e-commerce merchants are highlighted below.
Improve Internet Purchases
Enable Issuers to authenticate cardholders for Internet commerce.
Support card authentication (such as smart Visa cards provide) and other evolving technologies for wider Internet card usage with minimal impact on merchant processes.
Increase the confidence of Visa cardholders in making more online purchases, while reducing fraud exposure for merchants.
Reduce Operational Expense
Reduce operational expense and charge backs related to unauthorized use of Visa cards for Internet purchases.
Link authentications with authorization and settlement transactions to ensure Internet transaction data integrity.
Streamline dispute resolution processes through the use of automated tools to prevent invalid exception items.
Participating merchants receive added protection from fraudulent charge back activity.
MasterCard Secure Code benefits
70% of e-commerce charge backs are "cardholder unauthorized" due to cardholders saying "I didn't do it." SecureCode gives you a way to reduce charge back and fraud costs.
70% of consumers surveyed by MasterCard say they are concerned with security and fraud issues. SecureCode gives them more confidence.
73% say that enhanced security would influence their decision to purchase online. SecureCode encourages online shopping.
61% are concerned that their credit card number will be intercepted by "hackers." Accepting cards from other countries will be easier and less risky; SecureCode helps you move into new markets.
Paysignet is the only third party payment gateway which allows its cutomers to customize the banks which they would like to appear on their payment page.
This is done with the intent that some customers may already be integrated with credit card providers and/or some banks and may intend to continue with them. In such a case Paysignet will provide such cutomers with credits cards and bank account not signedup with the customer so that Buyers in his web site have a wider range of payment option to complete their purchases.
Paysignet's 'Authorize and Capture' feature is a boon to you as an E-commerce website owner. After successful authorization of an order, Paysignet gives you total control of the options that you can choose for the transaction.
The options available to you are:
Pending
By default, the transaction is kept on 'Pending' mode, and remains so for twelve days, to enable you use any other option. If you fail to use any of the options, then the transaction is automatically deleted from the entire system.
Shipped/Order Executed
When you select the 'Shipped/Order Executed' option, only then the transaction is captured, your customer's credit card is charged, and your account is credited.
Cancel
If, for some unforeseen reasons, you are unable to fulfil your customer's orders, you can utilize the 'Cancel' option and the entire transaction is cancelled. With Paysignet, no cancellation charge is to be borne by you. Most of the other Indian Payment Gateway Providers charge a hefty 4% to 5% of the transaction amount as cancellation charges
Partial Execution
Also, if you are able to execute the order partially only, only your desired partial amount will be charged to your customer's credit card and the balance will be cancelled. No cancellation fee, with regards to the cancelled amount, will be charged to you.
Partial Sales Capture
If, for some unforeseen reasons, you are unable to complete your customer's orders entirely, you can utilize the 'Partial Cancel' option. Only your desired partial amount will be charged to your customer's credit card and the balance will be cancelled With Paysignet, no cancellation charge is to be borne by you. Most of the other Indian Payment Gateway Providers charge a hefty 4% to 5% of the transaction amount as cancellation charges.
Paysignet is the only Payment Gateway in India intergrating Credit Cards and Bank Transfers and allowing you to withdrawn money payable to you against your online sales within 2 working days from the time of receipt of your request
The Card Verification Method, consists of a 3 or 4-digit numeric code that is printed at the back of the credit card along with (after) the credit card number, where the card holder signs in his signature on the card. This additional 3 or 4 digit numeric code is not embossed on the card nor available in the magnetic stripe. This additional 3 or 4 digit is code is featured / incorporated on all Master Cards and Visa cards issued worldwide. Visa calls this security feature as CVV2 and Master Card calls it as CVC2.
The purpose of this verification is to ensure that the person submitting the transaction is in possession of the actual card, since the code cannot be copied from charge slips / receipts or skimmed from the magnetic band.
We have a very friendly and accommodative support team online on the CHAT interface which will guide you through the Account setup and customization process and help you out on any matter that you may feel is important for your website with regards to Paysignet. Our Help Desk is also available toll free at 1800 425 411 or by email at help@paysignet.com
Option of using your own Shopping Cart or Paysignet Customizable Shopping Cart free of cost.
In case the Merchant has his own shopping cart or if he prefer to use a third party’s shopping cart, Paysignet can integrate you to its Variable Amount. This interface allows your customer to finish all the shopping on your site, and you just forward the total amount your Payment Page with Paysignet.
In case the Merchant does not have a shopping cart, he can use Paysignet’s customizable Shopping Cart wherein you will have to give details of n your products/service id's, description and prices and customize the looks and feel of the cart to suit your website. You can also add your banner to the Shopping Cart.
We have a easy-to-use comprehensive online Merchant Accounting and Reporting interface. It allows a Merchant to change his settings, view transactions, configure preferences and a lot more. The Merchant interface also allows the merchant to manage his Branding, Security, and Fraud Detection parameters and settings
Paysignet is connected to a diverse and influential audience of business professionals, which helps it to collect and deliver breaking news, in-depth reports and interviews with industry leaders and their trends. These are then passed on in the form of white papers, case studies, webcasts and product information to help customers in developing their business.
