Introducing Our New Merchant Application and Management System

Our new Merchant Application and Management System is ready to go and we have new solutions for merchants ranging from new/low volumes to high volume/higher risk with proven history. So you can now earn profit from even the smallest merchant

As an ISO, you are well aware of the lengthy process of applying for new merchant processing and how this affects your business and the Merchant. You also know how important it is to ensure application security, evaluate the future success and risk of your applicants, and how long it can take to approve or deny accounts.

Our new system, (built as part of our PCI Level 1 secure system) dramatically streamlines the Merchant Application process and shortens the approval time for both Agents and banks.

This new system allows you to input all your merchant data, follow the procedures and see the results. The system has integrated forms with multiple international banks and IPSPs so that each application that fits the banks criteria is electronically sent to the bank along with the backup documents and notes in the required format.

Now you can use this system that takes care of all your merchant application management issues and includes many features that help you provide the best service for your merchants.

Some interesting features in the new CRM Sales and Merchant Application System

So email us today at agents@paymundo.com

• You receive your own login to the system
• You can upload backup documents in the system
• You can include all your merchants data into the system
• You see the progress of the application with the bank
• You can review actual traffic statistics and commissions
• You have the option to add data input forms onto your site with our special link, so merchants can input their own data to start the process
• You get dozens of research materials, reports and useful memos on cardprocessing and solutions

We have solutions for all types of international processing. We want to chat with you and show how this system will improve your timelines, and increase your profitability.We have also completed our Bank Matrix, which provides you with a summary of our banking solutions, rates and types of business that you and your merchants can benefit from.

 

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Procesa tus Tarjetas de Crédito de forma Segura y Eficiente en el mundo del comercio electrónico

Paymundo ayuda a los comerciantes a que acepten tarjetas de crédito en línea con soluciones y portales de pago electrónico seguros y servicios que logran que la aceptación de pagos electrónicos sea de forma fácil, rápida y segura.

Incremente sus ventas en línea al aceptar tarjetas de crédito, débito, y pagos ACH a través de tu sitio web.

Por otro lado, simplifique el proceso de compra mediante la integración con los principales métodos de compra y proporcione a sus clientes la posibilidad de tener transacciones rápidas y seguras.

Además, Paymundo cumple con las normas PCI DSS para proteger sus datos en línea.

Paymundo es tu fuente de solución para todas tus necesidades en línea de procesamiento de tarjetas de crédito y comercio electrónico.

 

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Programa de Socios de Paymundo

Paymundo le da una cordial bienvenida a todos los distribuidores y socios potenciales a que se unan a nuestro Programa de Socios de PAYMUNDO.  Este programa esta orientado a asociaciones que desean aprovechar mas los mercados y las oportunidades de distribuir nuestras confiables soluciones de pago en línea.

En Paymundo, ofrecemos a nuestros distribuidores un amplio respaldo y apoyo para así asegurarnos de que están bien equipados para promocionar nuestra oferta.

Nuestro Programa de Socios ofrece un esquema rentable y beneficioso con soluciones justas para nuestros socios y distribuidores.

Para mayor información sobre como convertirse en uno de nuestros socios y distribuidores, puede contactarnos a sales@paymundo.com

 

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High Volume Merchant Account

The number of online businesses are also increasing and getting a merchant account that works smoothly might not be the easiest thing. Getting the right kind of merchant account is crucial to every online business.  The way the merchant account of a business runs has a direct effect on the performance of the website.  It is imperative that the merchant account runs smoothly at all times. When it comes to money, people are most cautious and they want absolutely nothing to go wrong.

Every business model has need for a different kind of merchant account. The kind of account required may vary due to the nature of the business or the volume of the business. Big businesses usually go for high volume merchant accounts. These accounts usually have no limits or very high limits when it comes to the number of or the volume of the transactions. A business that knows that the volume and the number of transactions could be huge, cannot afford to go wrong with the merchant account that they choose.

Paymundo has had extensive experience of providing high volume merchant accounts to some of the most reputable businesses around. If your business has good credit card processing history, getting a high volume merchant account is easy. Our team of experts works relentlessly to make sure that you get an account that is compatible to your needs and runs without any difficulty. We provide unhindered technical assistance at every point and make every effort to keep your account running without any hitches. You get a limitless account that does not hinder your growth or paralyzes you. With a perfectly running merchant account, you can concentrate on other aspects of your business and make it grow.

 

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iGaming Super Show 2014 Amsterdam

 We are coming to iGaming Super Show this June !

Contact us today to schedule for a meet up.

Hope to see you there !

 

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Payment Gateway VS Shopping Cart

If you are building an online presence to sell your goods or services and you are ready to begin accepting credit cards, all of the options, terms and programs available may be confusing. Two common components of an E-commerce payment processing platform are payment gateway and shopping cart. What’s the difference exactly ?  I am glad you asked.

What’s a Payment Gateway?

A secure payment gateway  authorizes payments for e-commerce websites. Think of it as an online point-of-sale terminal for your business. The most common use of a gateway is an E-commerce store on the internet.

What’s a Shopping Cart?

The functions of a payment gateway and a shopping cart are very different. A shopping cart is a virtual equivalent to the grocery cart you wheel through the local big-box store. You put your goods into the cart and drive it to the cash register that then tallies your order and gives you a total amount due. This is exactly what an online shopping cart does. It totals the costs of your goods, adds in applicable sales tax and delivery fees, subtracts discounts via coupon codes and the like, and then displays a total amount due.

An alternative to a shopping cart is a hosted payment form. This approach is ideal for businesses where each transaction typically has just one item. A secure hosted payment is designed to match the look and feel of your e-commerce website, yet is hosted on Paymundo’s secure servers to reduce liability.

Why Are Payment Gateways and Shopping Carts Often Get Confused?

It’s easy to understand how a business owner could be confused by all this terminology. Many components of e-commerce and credit card processing work together. In some cases, they’re integrated as part of an all-in-one solution. It doesn’t help that some websites and companies use these terms interchangeably.

So which do you need? Is a payment gateway a necessity for your business? Does your e-commerce site need a shopping cart? What about other components like a merchant account? Where should you begin?!

Take a deep breath. We’re here to help.

Paymundo’s experienced industry professionals work with hundreds of business owners to help them understand their payment processing options. We’ll work with you to understand your business and design a solution that fits your needs.

 

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Why Accept Credit Cards Online?

If your business is finally delving into e-commerce,congratulation ! Then what you need to do next is to get an all-in-one payment processing service and ready to go. For business owners who are not so tech savvy, accepting credit cards online may seem daunting. That could be the reasons that many stick stick to brick-and-mortar sales. Unfortunately, this means missing it out on potential sales as many researches had shown that online shopping is growing dramatically.

Here are three hard-to-ignore reasons for accepting credit card payments online.

• The majority of online shoppers pay with credit cards.

About 90 percent of all transactions carried out online are paid for using credit cards, which means accepting online payment via credit cards is an ESSENTIAL for e-commerce sites. Down the road you might consider offering other options, but first focus on setting up a reliable system for accepting credit card payments.

• A growing share of retail sales take place online

Businesses across a variety of industries realize the importance of online marketing and online selling. Electronic payment processing is an important part of taking full advantage of the online opportunities to market your products and services. No matter what product or service you provide, accepting credit cards online lets you compete for a share of the market.

• Accepting credit card payments online is simple

Naturally, credit card companies want the cards they offer to be used as frequently as possible. Therefore, they design payment processes and policies to facilitate frequent use of their cards. This works to the advantage of your small business. Since using a credit card to purchase items and services is simple and quick, more customers will turn to your company for services both online and off.

Online credit card payments also reduce errors: With our integrated CRM application and other accounting software, your payment processor can help you reduce accounting mistakes and spend less time inputting data.

Here’s another advantage for businesses with recurring billing: Improved cash flow. When you send recurring electronic invoices, customers can pay you through your website as soon as they receive your invoices, so you get paid faster.

If you’re ready to start accepting credit cards on your website, call us to get started . We have worked with businesses just like yours and we’re ready to help you!

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PAYMUNDO Partner Program

 

PAYMUNDO welcomes all the prospective resellers/partners to join our PAYMUNDO Partner Program, which is geared on partnerships aimed to tap more markets and opportunities to distribute our reliable online payment solutions.

We provide extensive support to resellers making sure they are well equipped to promote PAYMUNDO offerings.

PAYMUNDO Partner Program provides profitable scheme with prompt settlements for partners/resellers.

For more information of becoming one of PAYMUNDO resellers/partners, contact us now at

sales@paymundo.com 

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Are you a small business owner or an entrepreneur?

Among those of us with small businesses, there’s confusion between the terms Small Business Owner and Entrepreneur. Both can have small businesses, but they have different styles of leadership and thoughts on running their business. One is not better than the other, they’re just different. How do you fit in to these 4 scenarios?

Small business owners have a great idea.
They solve a problem in their community. They know their business and target audience. They know what will make their customers happy. They serve their customers.
Entrepreneurs have big ideas.
They dream big. They think big. They come up with ideas that haven’t been tested, diagnosed, or worked through. A lot of times they don’t even know if their ideas are possible, which gets them even more excited.

Small business owners hold steady.
They like to know what’s coming next and where it’s coming from. They make calculated decisions where the outcome is clear. The result may not be huge, but it will typically keep them moving forward.
Entrepreneurs love risk.
They step out on a ledge more often than not. They jump in with both feet knowing that if they put in their full effort, the risk will be worth it more often than not.

Small business owners think about the things they need to finish this week.
They have daily and weekly to do lists. They manage employees, work with customers, network with new customers, and keep everything rocking and rolling.
Entrepreneurs are thinking ahead six months.
While their team is thinking about what they’re doing that week, they tend to skip the now and focus on the future of the company. They have people to manage the business, and if they don’t, they soon will.

Small businesses owners are sentimental with their businesses.
They never plan on selling or handing their business off to someone else unless it’s family. They like making the decisions and running the day-to-day.
Entrepreneurs focus on scaling.
They want to grow and grow they will. Although they may not focus on selling the business, they set it up to run without them. They surround themselves with experts while they end up being the rainmaker.

Small business owners are important to hold the economy and entrepreneurs to propel it forward. One isn’t better than the other. The important question needs to be asked: Are you a small business owner or an entrepreneur? SOURCE

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Why you need a third party Merchant Service Provider /ISO?

The vast majority of e-commerce transactions these days involves credit cards therefore the ability to accept credit cards as a form of payment is vital to e-commerce proprietors (merchants) and the sustainability of global businesses. Before merchants are able to obtain this capacity, they had to have a special merchant accounts with acquiring banks. Acquiring banks play a role where they receive funds from card-holding consumers on behalf of the merchants.

Online Merchant Account has different regulations compared to a normal merchant account. Seeing the fact almost all transactions done online are card-not-present type. This also means that the chances of fraudulent and risk are lightly to happen. It’s important to understand that security is of highest priority to banks when considering issuing a merchant account. Financial institutions generally do not tolerate e-commerce business with risk assessments. Hence, online merchants are highly recommended to seek professional help from Merchant Service Provider (MSP) or Independent Service Organization (ISO) when applying for online merchant account to solve your online payment solution. MSPs and ISOs will take up much of the liability and risk for the merchants roughly about 80% with banks accounting for the remainder.

MSP mostly have a wide knowledge of the industry and work with variety of acquirers who have broad experience on risk spectrum so the merchant account will not be closed based on an assessor’s misconception. ISO also serves as the underwriter and they evaluates the future success and risk of the applicant and possess the right to approve or deny an account. If the merchant violates the terms of the agreement, ISO will shut down the merchant account. Period.

The right PSP will help you find the right solution that fits best to your business needs and maximize your profits. At Paymundo, we offer not just the unique gateway payment processor for each business but also great support (24/7) especially when there is a technical issue need to be resolved.

 

 

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