ECommPay offers a service to connect online shops with an assortment of payment systems, increasing profits from consumers based in the Russian Federation, Europe, and CIS countries.
Acquiring is a general term used to describe the acceptance of payments conducted via bankcards online using a specially designed web-interface. An e-Commerce activity undertaken by a credit institution (the acquiring bank), acquiring involves the settlement of accounts with e-Commerce organizations carrying out credit/debit card transactions online.
Diagram depicting how acquiring works:
Acquiring bank – response to authorization request – Shop – when a positive response to the authorization request is received, the cashier releases the product to the cardholder; when a negative response to the authorization request is received, the cashier does not release the product to the cardholder and suggests alternative means of payment – Cardholder gives the cashier his/her bankcard for completing the transaction – Cardholder – payment card issuance – Issuing bank – response to authorization request – request for permission to conduct transaction (authorization request) – response to authorization request – request for permission to conduct transaction (authorization request)
By using ECommPay’s services to conduct business online (retail, gaming, etc.), you will be able to quickly establish a simple procedure for accepting payments from customers.
ECommPay enables clients to receive payments for goods and services provided online via credit cards (VISA, MasterCard, Maestro, China Union Pay); electronic money (Webmoney, Yandex.Money, QIWI); and alternative payment systems, all using a single interface.
To open up your business to new markets with ECommPay, fill in the application form and one of our specialists will be in touch within two business days.
At present, ECommPay works with more than 100 payment systems, and new methods are added regularly. This enables our clients to open their business to more customers worldwide. In addition to the standard Visa, Mastercard, Maestro and Cina Union Pay, we have established partnerships with a large range of global payment methods: e-Wallets, prepaid cards, mobile payment systems, and domestic bankcard organisations.
ECommPay targets the Russian and CIS market(s) by offering Yandex.Money, Moneta.ru, WebMoney, QIWI, etc.; the European market(s) through NETELLER, Ukash, Kriita, etc.; and the Chinese market via China Union Pay (CUP) and Alipay. We have also established partnerships with the largest telephone companies in Russia – Beeline, Megafon, MTS, and Tele2. Our broad choice of payment methods is updated in accordance with customer trends and newly available payment systems.
As many potential customers will find it more convenient to use a payment system instead of outright entering their bankcard details, a gateway which can provide as many options as possible is crucial to the success of a business. ECommPay can easily equip your company with a full range of payment instruments and incorporate the necessary payment systems onto your website.
To open up your business to new markets with ECommPay, fill in the application form below and one of our specialists will be in touch within two business days.
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