Thread: Payment Gateway in E-commerce

Many merchants are confused about how to accept credit cards online through an ecommerce payment gateway. While similar to offline processing, online credit card processing has a few minor differences -namely the way the information is transmitted. Instead of swiping a customer's card through a credit card machine, the card information is entered in a form online and sent electronically over the Web through an ecommerce payment gateway. The credit card processing company takes the information, runs a myriad of fraud checks, and then sends the transaction back as either an approval or decline. If the transaction is approved, the money is usually deposited into the merchant's bank account with two business days.
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Nikimathew
Drivenwide.com

Last time my company is using SWREG as our payment gateway. SWREG provides many features and analysis but the charges is abit high. they supports alot currency. But because of the VAT issue, we decide to change our gateway to a local gateway. SWREG is charging VAT at their website and when the goods is send to euro country another VAT is charged. Is double charged and we have to bare the charges and SWREG doesnot give a solution on this matter.

So we change our gateway to IPAY88 a local payment gateway. although their charges is low but... compare to SWREG, local payment gateway give me a feeling that they only collecting money and take 3% from your payment. It says that they support USD and other currencies but please take good attention on this matter because the way of understanding is very much differents.

this is my 2 cens..

Hi there,

I am looking for the merchant account as well.But i don't know which one is better for my gambling site,which is considered the high risk business.So I tried to find the the high risk merchant account provider.I heard that Ctopay is a the suitable one.I have no idea.I just contact with the sales manager of ctopay--Mr. Yang(his skype account is ctopayhk2).From the conversation with him,I find it good,and will cooperate with him.

----George

Does 2Checkout accept controlled on pharmacy site?

I have used moneybookers, it has merchant account too. Besides, withdrawing money back to your malaysia bank account such as Maybank is easy, direct transfer and cheap!

It is kind of headache when come to the point of choosing a right Payment Processor in E-commerce which can handle an international sales with local settlement. It is always a challenging issue with those client who has a limited knowledge on this. If you don't made them clear on this matter they will on hold the project...

I am sure someone here were experienced the same. We are looking for something which is good yet suitable for our clients.

After years of searching and survey, I finlised my findings as below while given suggestion on the choice of payment processor for my clients.

1. Reliable & Accessible Locally
2. Establishment of Company
3. Strong Stakeholders Background
4. Innovative & Improvement
5. Service Reputation
6. Business Involvement
7. Level of Sustainability

Thanks for the info!!!

Originally Posted by mwillow

Thanks for the info!!!

You are welcome.
just sharing some of my experience that gained from this matter.

hey guys, take a look:
How to link PayPal to Malaysia Bank Account? | Sell More Online

Cheers

For Malaysia merchants aiming to give convenience to Maybank account owners.

Maybank has a program known as eFPX.
Maybank2u.com - Financial Process Exchange (FPX)