The world of e-commerce is arranged 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 the 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 products or 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 is it?
Through a merchant account, web users can purchase flights in advance, book hotel rooms, pay off fines and debts, and 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 (such as dating sites), services (such as web design), Forex transactions, and many other transactions.
Pay online
The merchant service is also used in the WebMoney Transfer settlement 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 content includes online stores, services for replenishing external (personal) accounts, and so on).
After the user has found and selected the product he is interested in, he is automatically redirected to the website of the "Merchant" service. Here the buyer will first have to log in using his login and password registered in the WebMoney system, with which he will log in, and then confirm the payment.
Some novice users, even if they are high-class offline specialists, find it very difficult to adapt to the World Wide Web. The answer to the questions: “What is a merchant? What is it - a service site?”, As well as other questions of interest to them regarding e-commerce, they will find immediately after they drive the phrase “WebMoney Transfer system (WebMoney Transfer) into the search bar of any browser.
Service "Merchant WebMoney"(Merchant WebMoney): payment tracking
"WebMoney Merchant" is designed to automatically accept payments and accompany the latter during payment, as well as to prepare for the specified procedure of electronic wallets belonging to the seller.
The seller, logging in to the merchant, gets access to all the information necessary to work with the client:
can view statements of received payments and inquire about payment attempts made within the last 24 hours;
has the right to verify transactions, create payment tickets and monitor their status;
The merchant system provides the user with access to data on payment statistics for various payment methods and statements for withdrawing funds from their e-wallet
Attempt to pay through the 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 log" tab. Here he can see:
with detailed request text;
with payment method;
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 capabilities of the merchant service
All the opportunities that the "Merchant WebMoney" payment acceptance service can provide will becomeavailable to the seller only after authorization on the WebMoney site. Once logged in, the user will be able to:
set up wallets to receive payments;
connect additional payment methods via plastic cards and Internet banking;
check the progress of payments;
customize payment forms and payment notification windows;
generate reports and statistics on accepted payments;
generate reports and statistics on the withdrawal of funds from your WebMoney wallet;
receive payment tickets and verify transactions
How to accept payments using the Sberbank merchant
Sberbank merchant is another way to receive payment on the pages of the store website.
Before being able to 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 your mobile phone number;
enter the password received via SMS;
after authorization on the LiqPay website, go to the "Business" section and open the "My Stores" menu;
select the option “Connect Internet acquiring”;
indicate information about the site-shop 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 the AS PrivatBank system
Activation of the store in the LiqPay system
To check the information about the newly registered in the LiqPay systemstore will need about 24 hours. 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, registration documents of the company on behalf of which the store was opened may be requested. If this happens, the user of the Global Network who registered the online store will be notified by e-mail specified during registration.
Benefits of a merchant account
Merchant account holders receive a number of benefits:
lack of control over foreign exchange transactions;
round-the-clock operation of the service;
the ability to receive (and for clients to make) payments on weekends and after hours;
high-speed settlement system
A company or 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-free business anywhere in the world.
Lig 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 or services offered for sale;
listed item is priced and in stock;
the site contains the contact details of the administration
In the LiqPay service, merchant owners are provided with a large selection of publicAPI for receiving payments. To use a 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 customize the API for accepting payments on their own.
API with the public label becomes available to users with LiqPay accounts immediately after registering an online store.
A representative of a company that accepts payments through an online store is provided with an identification number required to automatically debit funds from a customer's card and transfer them to the seller's account. The payment is considered accepted immediately after the buyer clicks on the "Pay" button. Coordination of the money transfer process is undertaken by the acquiring bank, whose services can be used by entrepreneurs who have concluded an agreement with the bank and the payment card management center.
