+1 216 206 8966
info@gbsoffshores.com
+1 216 206 8966
info@gbsoffshores.com

Merchant Account Online

GBS Offshores > All Services > Merchant Account Online

MERCHANT ACCOUNT ONLINE OVERVIEW

Updated time: Jul 30, 2018 , 17:20 (UTC+08:00)

Services

E-commerce solutions provide a complete suite offering the vendor one of the most secure and trustworthy solutions in the industry, maintaining the stringent security practices of PCI compliance and 3D Secure.

  • Support to adjust the payment page for matching each customer’s requirements
  • Supports different languages on billing screen
  • Supports recurring payments
  • Supports payments from mobile devices (iOS, Android etc)
  • Supports a variety of different payment currencies

Security and fraud protection

a. Tier 1 PCI DSS compliant

We adhere to the highest security standards set by Visa and Mastercard. We secure and protect your customer and credit-card data with military-grade software and servers. We offer the highest level of protection available. Our payment gateway is also PCI DSS compliant, further enhancing our levels of security.

Benefits:

  • Partnerships you can trust, protecting your business 24/7.
  • Let us worry about security compliance while you focus on your business.

b. Anti-fraud products

Fraud alerts use live transaction data, and utilise a global database to decide whether to accept, challenge or deny transactions. Receive alerts anywhere, anytime, with complete control to accept or deny transactions. Avoid expensive chargeback costs and reduce time manually reviewing every order. Our Merchant online’s free anti-fraud product uses geolocation to check the IP address and customer billing address. This allows you to send a verification pin number to a customer via email, SMS or phone to confirm the purchase is genuine.

Benefits:

  • Minimise chargeback rates to maximise revenue.
  • Save time by eliminating the need to manually review transactions.
  • No additional integration required.

c. Payment page

Get the benefit of direct payment without needing to maintain expensive PCI DSS compliance. Client-side encryption auto-encrypts your customer’s 
credit-card details through a simple script that is added to your payment form. The customer securely completes the entire transaction on your site – no redirection is needed.
Benefits:

  • The customer never leaves your site – you control the customer experience.
  • A simple PCI DSS compliant solution – just add the script to your payment form.
  • Minimise drop-offs and maximise customer confidence.

d. Types of payments

Token is the perfect solution for encouraging return business. Customers can log in to your site and make purchases without having to enter their billing information each time. For merchants with multiple accounts under one legal business entity, merchant online can generate shared customer tokens across your different websites.
Manual: Easily take payments via fax, over the phone, or even in-store. Just type the credit-card details into merchant online and you will receive an instant transaction result.
Multi-currency: Recruit customers all over the world by taking payments in Singapore dollars, Hong Kong dollars, US dollars, Australia dollars, sterling, euro and more. 
Benefits:

  • Go global, tapping new markets.
  • Use all our products in your desired currency.
  • Link all your accounts to one in merchant online to streamline your administration.

Refunds: Merchant online allows you to partially or completely refund any transaction. There is no time limit, no need to re-enter the customer’s information and no waiting. 
Benefits:

  • Discover the simplicity of our intuitive interface.
  • Increase customer confidence with a solid refund policy.
  • Update billing details if your customer’s card has expired.

e. Reporting

Monitor your e-commerce activity: You can easily track your online payments. All transactions are searchable and sortable, you can refine and automate exportable reports, manage and pay invoices, and easily reconcile your accounts. 
Benefits:

  • Check payment statuses through your site.
  • Keep your customers appraised and your systems up to date.
  • Get real-time information for easy business management.

Settlement reports: e-commerce is a transaction-intensive industry with high fraud risks. The report feature allows merchants to conduct programmatic reconciliation to ensure figures of purchases and payments are accurate. 
Benefits:

  • Easily reconcile your accounts.
  • Ensure accuracy of your e-commerce transactions.
  • Gain a better understanding of your online payments.

f. Marketing tools

Transactional emails: Want to upsell and market more to your customers? Continue your relationship after the sale? You can use transactional emails to build trust and create loyalty. Advertise directly to a captive market and let them engage with you across multiple social networks.

HOW TO APPLY FOR A MERCHANT ACCOUNT?

Updated time: Jul 30, 2018 , 17:29 (UTC+08:00)

Step 1 Registration, receiving information and confirming order

  • Fill out the secure online form to register.
    At this step, you must fill in the correct information. GBS Offshores will base their support for you on the information you provide.
    After GBS Offshores receive your order, you will receive a confirmation email for your order.
    Update your information if you have made some mistakes.

Step 1 Review your website

GBS Offshores will review your website and decide if your website can use our services or not. We will check that:

  • the terms and conditions of the website are clear;
  • your name appears prominently on the website;
  • the refund policy is clearly posted;
  • the privacy statement (privacy policy) is outlined;
  • the product/service offered is clearly described;
  • the payment guidelines are clearly explained;
  • etc.

Step 1 Provide sandbox account, checking features and built-in web merchant account

  • After our review, if your website qualifies, GBS Offshores will give you a sandbox merchant account to check the payment functions of this account.
  • When this account is operated, we send you a guideline to integrate your merchant account on your website.

Step 4 Activate service

  • After integration of your merchant account, GBS Offshores
  • will provide a tool for you to check daily transactions, and the fees will be paid to you clearly.

MERCHANT ACCOUNT ONLINE SERVICES FEE

Updated time: Aug 8, 2017 , 16:35 (UTC+08:00)
Services Services Fee
Online Merchant Account Application US$ 99
Apostille Legal Entity Documents The fee depends on jurisdiction, applicable to client which Offshore Company corp is not Local agent or Secretary company.

MERCHANT ACCOUNT ONLINE PROCESSING

Updated time: Jul 30, 2018 , 17:35 (UTC+08:00)

7 steps: credit-/debit-card processing

STEP 1

The customer submits his credit card for payment.

STEP 2

World Payments Corporation (WPC) manages the complex routing of the data on your behalf through the following steps/entities.

Step 2

STEP 3

World Payments Corporation (WPC) passes the secure transaction information via a secure connection to the processor.

Your bank’s processor submits the transaction to the credit-card network (like Visa or Mastercard). The credit-card network routes the transaction to the bank that issued the credit card to the customer.

Step 3

STEP 4

The issuing bank approves or declines the transaction based on the customer’s available funds and passes the transaction results back to the credit-card network.

The credit-card network relays the transaction results to your bank’s processor. The processor relays the transaction results to World Payments Corporation (WPC).

Step 4

STEP 5

World Payments Corporation (WPC) stores the transaction results and sends them to the website for you and the customer to see.

Step 5

STEP 6

You deliver goods or services to the customer.

Step 6

STEP 7

The issuing bank sends the appropriate funds for the transaction to the credit-card network, which passes the funds to your bank.

Your bank then deposits the funds into your bank account. This is called ‘settlement’, and typically the transaction funds are deposited into your bank account within two to four business days.

Step 7

HOW CAN WE HELP

All information entered on this form will be kept strictly confidential and subject to our privacy policy once received by us. Your transaction will be secured using SSL/TLS encryption.

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