| Payment vendor woos e-retailers with promise of lower transaction fees
Online retailers consistently complain about the high fees they pay on credit card purchases, typically 2% for big e-retailers and considerably more for smaller ones. Start-up HomeATM ePayment Solutions says it has a way to reduce those fees significantly, although some payment experts are skeptical. HomeATM has developed a small magnetic stripe reader with a personal identification number, or PIN, pad that can be plugged into a personal computer. That would enable a consumer to swipe his debit card and enter his PIN, just as he would at an ATM or at store checkout counter, sending the transaction through the debit networks that typically charge lower fees than credit card networks, according to Mitchell Cobrin, chief operating officer. While PIN debit interchange varies with the network and type of merchant, it typically ranges from 40 cents to $2 per transaction, and in some cases is a flat fee, as opposed to a percentage of the purchase amount, as with credit card transactions.
EPAY.vg Unites Financial World
EPAY has put to the top of the strategy to unite the financial world to one simple and free account. (PRWEB) August 24, 2006 -- Finally the first online payment system which has united all major payment and money transfer options appeared! One of the main features which EPAY offers to its members is the ability to fund and withdraw money in two major currencies (USD/EUR) using 10 different options including cash-in by credit card and cash-out through EPAY debit card. There is no other online payment system which can offer such flexibility of payment options. EPAY members have the whole financial world in one account. EPAY has several new and innovations which make EPAY account a unique solution: - EPAY has created a merchant account which allows users from all over the world accept payments on their websites instantly and securely.
AIADA Establishes Partnership with Moneris Solutions for Dealership ...
ALEXANDRIA, Va., Jan. 14 /PRNewswire/ -- The American International Automobile Dealers Association today announced a new affinity partnership with Moneris Solutions, designed to provide dealer members with exclusive pricing on merchant card processing, check guarantee and conversion, gift cards and ACH/EFT processing. Moneris Solutions is one of North America's largest payments processors with a roster of clients that include numerous Acura, Lexus, Mercedes-Benz and other leading car dealerships. "As more and more customers seek to pay by credit and debit card, and check services become a critical component to closing deals, the ability to accept any type of payment has become a fundamental element in maintaining dealership customer satisfaction," said AIADA President Cody Lusk.
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