Merchant - what is it? Electronic payment system

The world of e-commerce is arranged so that users of the World Wide Web are more profitable to pay for purchased goods and services without closing the browser, that is, online. Payment through the Internet is an opportunity to pay with the seller not only directly on the site, but also with the help of bank cards.

What is Merchant?

And a company engaged in the production of goods or services, and an entrepreneur who plans not only to advertise his services on the Internet, but also to sell them, it is necessary to open merchant. What it is?

Thanks to the merchant account, Internet users can purchase air tickets in advance, book hotel rooms, pay fines and debts, and pay for numerous online purchases.

Merchant account (merchant account) is called a special service for receiving payments, which allows customers to transfer payment from Visa, MasterCard, American Express and so on. Merchant account is an opportunity to make thousands of transactions per minute.

Merchant is used to sell software, network games, movies, music files, contacts (for example, on dating sites), services (for example, web design), making deals on Forex and performing many other operations.

Payment via the Internet

Merchant service is also used in the "WebMoney Transfer" settlement system . Payments, for which there is no need to run WM Keeper, are made through the Internet interface. The "Webmoney Merchant" system serves for payment of services and goods on the websites of sellers (such content includes Internet shops, services of replenishment of external (personal) accounts and so on).

After the user has found and selected the product of interest, it automatically moves to the Merchant service website. Here, the buyer must first authorize using his login and password registered in the WebMoney system, through which he is authorized, and then confirm the payment.

Some novice users, even if they are highly qualified professionals offline, can be very difficult to adapt to the World Wide Web. The answer to the questions: "What is merchant? What is this - the site of the service? ", As well as other e-commerce questions they are interested in, they will find right after they enter into the search string of any browser the phrase" WebMoney Transfer "system (WebMoney Transfer)."

Service "Merchant WebMoney" (Merchant WebMoney): maintenance of payments

"Webmoney Merchant" is intended for automatic reception of payments and support of the last during payment, and also for preparation to the specified procedure of electronic purses belonging to the seller.

The seller, authorized in the merchant, gets access to all the information necessary for working with the client:

• Can view statements on payments received and inquire about attempts to make payments made within the last 24 hours;

• Has the right to check transactions, create payment tickets and monitor their status;

• The merchant system provides the user with access to data on payment statistics by various methods of payment and extracts from the withdrawal of funds from his electronic wallet.

An attempt to pay through the merchant's service: what is it?

Access to the list of successful and unsuccessful attempts to make payment through the Merchant Webmani service is provided to the seller on the "Attempt history" tab. Here he can read:

• With the detailed text of the request;

• With the method of payment;

• With possible ways to return the payment to the sender.

An attempt to pay for a purchase from a purse with insufficient funds (or funds absent) is recorded by the Webmoney system as unsuccessful.

About the possibilities of merchant service

All the possibilities that the Merchant Webmoney payment reception service can provide will become available to the seller only after authorization on the WebMoney website. Once authorized, the user will be able to:

• Set up wallets to accept payments;

• To connect additional methods of payment through plastic cards and Internet banking;

• Check payment progress;

• Set up payment forms and payment notification windows;

• Generate reports and statistics on accepted payments;

• Generate reports and statistics on the withdrawal of funds from his wallet "WebMoney";

• Receive payment tickets and check transactions.

How to accept payments using Sberbank merchant

Merchant Sberbank - this is another way to receive payment on the pages of the site-store.

Before you can receive payments through Sberbank, the user must register in the LiqPay system and open a store:

• On the main page of the site LiqPay.com enter the mobile phone number;

• Enter the password received in SMS;

• After the authorization on the site LiqPay go to the section "Business" and open the menu "My Stores";

• Select the option "Connect Internet Acquiring";

• Specify information about the site-store and enter details of the company-seller, without which you can not accept payments: bank account number; Number of the plastic card; Account number in AS PrivatBank system.

Activation of the store in the LiqPay system

It takes about 24 hours to check the information about a new store that has just been 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 by the bank, the company's registration documents may be requested, on behalf of which the store was opened. If this happens, the user of the Global Network who registered the online store will be notified by e-mail specified during registration.

Merchant account advantages

Owners of merchant accounts get a number of advantages:

• Lack of control over foreign exchange operations;

• Round-the-clock operation of the service;

• The ability to receive (and for customers - to make) payment on weekends and during off hours;

• High-speed system of calculations.

A company or an entrepreneur who owns a merchant account can simultaneously receive payments from several thousand customers at once. Offshore companies are given the opportunity to conduct tax-exempt business anywhere in the world.

"Lig Pei Merchant": what is it?

Activation of LiqPay-merchant is possible provided that:

• When the online store was opened, information was provided on a 100% working site where you can find a description of the goods or services offered for sale;

• The specified goods are estimated and available;

• The website indicates the contact details of the administration.

In LiqPay service, merchant owners are provided with a large selection of public APIs designed to receive payments. To use the finished html-button, the Internet entrepreneur needs to open the "Business" section, and then in the appeared menu select the option "Payment buttons". Experienced users can set up an API for receiving payments themselves.

An API with a public label is made available to users who have accounts in LiqPay, immediately after registering the online store.

A representative of the company accepting payments through the online store is provided with an identification number necessary to automatically write-off funds from the customer's card and transfer them to the seller's account. Payment is considered accepted immediately after the buyer clicks on the button "Pay". Coordinating the transfer of money takes on the acquiring bank, which can be used by entrepreneurs who have concluded an agreement with the bank and the payment card management center.