The world of electronic commerce is designed in such a way that it is more profitable for users of the World Wide Web to pay for purchased goods and services without closing their browser, that is, online. Payment via the Internet is an opportunity to pay the seller not only directly on the site, but also using bank cards.
What is a merchant?
Both a company engaged in the production of goods or the provision of services, and an entrepreneur who plans not only to advertise their services on the Internet, but also to sell them, need to open a merchant. What it is?
Thanks to the merchant’s account, Web users can purchase tickets in advance, book hotel rooms, pay fines and debts, and also pay for numerous online purchases.
A merchant account is a special payment acceptance service that allows customers to transfer payments from Visa, MasterCard, American Express and so on. A merchant account is an opportunity to make thousands of transactions per minute.
Merchant is used to sell software, online games, movies, music files, contacts (for example, on dating sites), services (for example, web design), making Forex transactions and performing many other operations.
Online payment
The merchant service is also used in
the WebMoney Transfer payment
system . Payments, for which there is no need to launch WM Keeper, are made through the Internet interface. The WebMoney Merchant system is used to pay for services and goods on sellers' websites (such contents include online stores, replenishment services of external (personal) accounts, and so on).
After the user has found and selected the product he is interested in, it is automatically transferred to the Merchant service website. Here, the buyer will first have to log in using his username and password, registered in the WebMoney system, with which he logs in, and then confirm the payment.
For some novice users, even if they are highly skilled professionals offline, it can be very difficult to adapt to the World Wide Web. Answer to the questions: “What is a merchant? What is this - the site of the service? ”, As well as other issues of interest to them regarding e-commerce, they will find immediately after they insert the phrase“ WebMoney Transfer system ”into the search bar of any browser.”
Service "Merchant WebMoney" (Merchant WebMoney): payment support
WebMoney Merchant is designed to automatically accept payments and accompany the latter during payment, as well as to prepare electronic purses belonging to the seller for this procedure.
The seller, being authorized in the merchant, gets access to all the information necessary for working with the client:
- can view statements of payments received and inquire about payment attempts made within the last 24 hours;
- has the right to check transactions, create payment tickets and track their status;
- the merchant system provides the user with access to data on payment statistics for various payment methods and statements on the withdrawal of funds from his electronic wallet.
Attempted payment through a merchant service: what is it?
Access to the list of successful and unsuccessful attempts to make a payment through the Merchant WebMoney service is provided to the seller on the "Attempt History" tab. Here he can find:
- with detailed request text;
- with the method of payment;
- with possible ways to return the payment to the sender.
An attempt to pay for a purchase from a wallet with insufficient funds (or no funds) is recorded by the WebMoney system as unsuccessful.
About the possibilities of the merchant service
All the possibilities that the Merchant WebMoney payment acceptance service can provide will become available to the seller only after authorization on the WebMoney website. Having logged in, the user will be able to:
- set up wallets to receive payments;
- connect additional payment methods through plastic cards and online banking;
- check the progress of payments;
- set up payment forms and notification windows about receipt of payment;
- generate reports and statistics on accepted payments;
- generate reports and statistics on the withdrawal of funds from your WebMoney wallet;
- Receive payment tickets and check transactions.
How to accept payments using the Sberbank merchant
The merchant of Sberbank is another way to receive payment on the pages of a store site.
Before being able to receive payments through Sberbank, a user must register in LiqPay and open a store:
- enter the mobile phone number on the main page of LiqPay.com website;
- enter the password received in SMS;
- after authorization on the LiqPay website, go to the “Business” section and open the “My Stores” menu;
- select the option “Connect online acquiring”;
- indicate information about the store website and enter the details of the seller company, without which it is impossible to accept payments: bank account number; plastic card number; account number in AS PrivatBank system.
Store activation in LiqPay system
It will take about 24 hours to verify the information about the new store just registered in the LiqPay system. After this time, the store will be activated, which the user will find out in the “Business” section if he opens the “My stores” menu.
In the process of processing the information received, the bank may require registration documents of the company on behalf of which the store was opened. If this happens, the user of the Global Network who has registered the online store will be notified by the e-mail specified during registration.
Merchant Account Benefits
Owners of merchant accounts get a number of advantages:
- lack of control over foreign exchange transactions;
- round-the-clock functioning of the service;
- the ability to receive (and for customers - to make) payment on weekends and after hours;
- high speed billing system.
A company or entrepreneur that owns a merchant account can simultaneously receive payments from several thousand customers at once. Offshore companies are given the opportunity to conduct tax-free business anywhere in the world.
League Pay Merchant: what is it?
Activation of the LiqPay merchant is possible provided that:
- when opening an online store, information was provided on a 100% working site where you can find a description of the goods put up for sale or the services provided;
- the specified product is priced and available;
- The site contains contact details of the administration.
The LiqPay service provides merchants with a large selection of public APIs designed to receive payments. To use the ready-made html-button, an Internet entrepreneur needs to open the “Business” section, and then select the “Payment buttons” option in the menu that appears. Experienced users can configure the API for receiving payments on their own.
An API labeled public becomes available to users who have accounts in LiqPay, immediately after registering the online store.
The representative of the company accepting payments through the online store is provided with an identification number necessary for automatic debiting of funds from the customer’s card and transferring them to the seller’s account. Payment is considered accepted immediately after the buyer clicks on the "Pay" button. The acquiring bank assumes the coordination of the money transfer process, the use of the services of which can be done by entrepreneurs who have concluded an agreement with the bank and the payment card management center.