Acquiring

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Acquiring

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.

WHAT IS ACQUIRING?

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.

BENEFITS OF ACQUIRING

For companies:

  • Global reach
  • Reduces costs
  • Improves the supply chain
  • Business is always open (24/7/365)
  • Personalization
  • Fast output of goods into the market
  • Low cost distribution of digital products

For consumers:

  • Ubiquity
  • Anonymity
  • Wide selection of goods and services
  • Personalization
  • Cheaper products and services
  • Prompt delivery
  • Electronic socialization

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.

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