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MEDIUMS TO ACCEPT FOREX CREDIT CARD PROCESSING PAYMENTS

There are various mediums and options to accept payments in merchant accounts. And the customer also has various different mediums to make payments for purchasing. The banks issue merchant account for the applicants and they also provide online banking facilities to the customers. Bill payments can easily be done through the payment gateway systems which are the most reliable, convenient as well as the fastest mediums of making payments and accept payments. When a customer makes bill payments through the electronic checks, firstly, he has to log in to the bank’s webpage or website on the internet. The payee should click on the “Click to Pay” option to make payment through the electronic online check payment system. The system will ask for the online check number and the printed code. The online checks have transaction code and IFS code, which the bank provides at the time of issuing the merchant account. The first six digits bear the bank location or area code so as to identify the particular bank. In this way, the customer can make bill payments through the online check payment gateway systems.

This user-id and password which is provided to the customer is unique as each person’s user-id is different than the other person’s. The customer has to log in to the bank’s website to use the online payment gateway with his account. A team of technical experts or the customer care is available 24 hours a day who help the customers who are facing problems regarding the use of the online banking services. The user-id and password is also needed for logging and accessing the user’s online bank account. The user should select the Bill Pay option from the menu. The customer has to sign in as a biller while making this choice. The customer can also make bill payments in the future using the online banking services. The other medium to accept payments is by the Auto-Debit system. The payments are accepted on a basis of monthly instalments. The amount is automatically debited to the bank account of the customer. The customer has to pay back the debited amount to the bank at the end of the month.

A customer can easily make bill payments directly to the bank account of the merchant through the mobile banking service. The bill payment, using the mobile banking services, has to have a GPRS service or internet compatible. The customer can make a phone call to the bank manager and make request for fund transfer directly to the merchant. In the past, the same type of transaction took 3 working days to be cleared and paid but in the modern banking era, due to the online banking services, the bill payment as well as acceptance is quick. Therefore, it is considered as the most convenient, reliable and fastest medium to accept payments. The other medium to accept payments is through the credit cards. Customers can choose from varieties of products from the online businesses. A merchant account holder can also accept payments through the online payment gateway systems.

Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.