With ECommPay’s Payment Authorisation & Settlement service you get more time to check the reliability of the customer’s account. You can authorise a bank card transaction and then hold the specified sum of money until the withdrawal is confirmed. This service helps reduce chargebacks and proves to be beneficial both for merchants and customers.
In order to WITHDRAW the money from your customer’s bank card, the system needs to AUTHORISE the payment. Authorisation is a referral query from the payment system to the issuing bank which confirms that the customer has enough money to cover the payment. If the authorisation is successfully completed then the specified sum of money is held in the cardholder’s account until the merchant confirms the withdrawal. After the money is released and is in your account the customer will receive his/her order.
With ECommPay Payment Authorisation & Withdrawal service you get more time to check your customer’s bank card details and account reliability. You are able to authorise a bank card transaction and then hold the specified sum of money until the withdrawal is confirmed.
Payment Authorisation is a process whereby a transaction for a specified amount of money is approved or declined by an issuing bank after a special referral query. Authorisation implies checking:
If the checking procedure is completed successfully, the issuing bank validates the transaction and the specified sum of money is held in the cardholder’s account until the actual money withdrawal operation is performed.
In order to withdraw money from the cardholder’s account you must confirm that the transaction is validated by the issuing bank. Within 2 or 3 business days the cardholder’s bank will transfer the specified sum of money into your account.
The advantages and benefits of ECommPay Payment Authorisation and Withdrawal service are quite obvious. It helps to drastically reduce the number of chargebacks since the merchant gets enough time to carry out an additional risk analysis of the customer and make a referral bank query.
You’re welcome to join ECommPay Authorisation and Withdrawal service and estimate its advantages and benefits.
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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