There are situations that can cause problems for your business when accepting online payments. If you have too many transactions denied or too many fraudulent transactions you can lose your merchant ID, (MID). Often one payment acquirer may deny a transaction but another may approve it.
ECommPay experts have implemented an effective system for the distribution of payments – “Cascading Payments & Balancing”. With the cascading payment feature implemented, if the transaction receives a ‘referral’ or ‘timeout’ response, instead of being returned to the merchant and essentially the end-user, the system automatically reroutes the transaction to the next best acquirer. If the transaction fails in the next acquirer, it is rerouted over and over until it has been sent to all of the banks available for use. This type of feature significantly helps increase approval ratio, as it utilizes all the banking resources available. ECommPay’s intelligent payment routing enables you to protect your business as well as your merchants’ valuable merchant IDs (MIDs) by distributing transactions depending on their risk assessment. When sending each translation, our system automatically selects the acquirer that is best suited to carry out the transaction.
Through the use of this function we significantly reduce costs because the system selects the best acquirer for payment and as a result the cost of routing is greatly reduced. In addition, the Cascading Payments & Balancing system helps avoid possible penalties that banks and payment acquirers impose on merchants who have exceeded the maximum allowable number of returns and returned payments. Thus, intelligent reallocation protects both you and your clients’ accounts.
Ask your personal ECommPay payment expert today about Cascading Payments and Balancing and how you can protect your valuable account and save money.
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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