Carding Forum
Professional
Surely, when launching an Internet project, everyone was faced with the question: how to choose the best payment system? Indeed, each business has many requirements for the timing of withdrawal of funds, the size of the commission, the necessary ease of integration and convenience for buyers.
A payment system is always a combination of two legal entities, namely a bank and a processing company. Both of these organizations are always present and are necessary elements of the clearing procedure for card payments. The bank that opens the so-called "merchant account" is a depository for the funds received and is responsible for their "purity". And the payment system is the coordinator of the entire complex process of checking card data and the guarantor of transactionality.
When, when connecting to a bank card payment system, the question arises of contacting a bank or a processing company, then the choice is definitely made in favor of the processing company.
The main reasons why +1 for processing karma:
What if you need cooperation with several banks at the same time?
There are payment systems on the Ukrainian market that can simultaneously work with the largest acquiring banks, such as: Raiffeisen Bank Aval, Privatbank, Finance and Credit, Alfa Bank, FidoBank, etc. Such payment systems can offer their partners a bank to choose from, or cooperation with several banks at once.
Routing payments to multiple banks, advantages:
A payment system is always a combination of two legal entities, namely a bank and a processing company. Both of these organizations are always present and are necessary elements of the clearing procedure for card payments. The bank that opens the so-called "merchant account" is a depository for the funds received and is responsible for their "purity". And the payment system is the coordinator of the entire complex process of checking card data and the guarantor of transactionality.
When, when connecting to a bank card payment system, the question arises of contacting a bank or a processing company, then the choice is definitely made in favor of the processing company.
The main reasons why +1 for processing karma:
- from the “bank + processing” link, only banks are responsible persons before card and interbank regulators, therefore it is incomparably more difficult to come to an agreement with a bank. Plus, as a rule, banks specialize only in certain types of businesses and do not work well with Internet companies that do not fit their established template, and it is impossible to determine whether a bank is suitable in advance or not;
- processings, on the contrary, are not bound by strict requirements, in addition, in them, unlike banks, IT specialists work who are close to various issues and who are always ready to advise what and how best to do.
What if you need cooperation with several banks at the same time?
There are payment systems on the Ukrainian market that can simultaneously work with the largest acquiring banks, such as: Raiffeisen Bank Aval, Privatbank, Finance and Credit, Alfa Bank, FidoBank, etc. Such payment systems can offer their partners a bank to choose from, or cooperation with several banks at once.
Routing payments to multiple banks, advantages:
- increase in revenue by increasing the percentage of successful payments;
- reduced commission for Internet acquiring;
- reducing the cost of maintaining multiple payment gateways;
- making life easier for your accounting department due to the flexibility of reconciliation systems and the possibility of direct integration with 1C.
