Secure payment gateway
System for secure payments
The system of online gateways for secure payments, thanks to which, in fact, we are witnessing a boom in online purchases, has established itself as the best that is offered today for doing business on the Internet with sales worldwide through a website.
Thanks to the large number of options for international payment gateways offered by Wellcoinex, online purchases today can be made easily and safely. We offer comprehensive solutions for online payments, electronic payment acceptance, and transaction management between seller and buyer.
Wellcoinex offers you a convenient and flexible process for effectively managing your online payments with a range of payment processing technologies that effectively protect your transactions, ensuring a high degree of customer satisfaction.
Since this payment method allows online buyers to conveniently pay for goods/services in just a couple of clicks.
As the number of purchases in e-commerce grows, so does the number of non-cash payments. And when paying with credit cards, there is a risk of data security threats and fraud.
The number of scams on the Internet is growing, and keeping important financial information about the buyer should be the seller’s top priority. The average buyer does not think about this when making a transaction through a payment gateway. Therefore, as a seller, you are responsible for ensuring safe and reliable online payments.
Therefore, you must make the right choice to provide a reliable payment gateway for your business.
An entrepreneur, of course, cannot prevent fraud, but you can take additional precautions to identify and control risks. A secure payment gateway on the Internet will help in this.
A secure online payment system ensures the reliability of your customers’ transactions. Having a secure payment gateway with the right features can simplify the checkout process, which in turn increases the likelihood of successful payment.
Key features of online banking secure payment solutions
- Reliable user verification
- Using 3-D Secure technology to increase transaction security
- Minimizing the risk of human error
- Acceleration of transactions
- No processing fee
- Access to funds 24/7
- No risk of loss/theft of checks
- Reduction of paperwork.
- Improved cash flow
- Faster closing of transactions, mutual settlements and transfer of money to a bank account.
- Automatic tracking of your customers’ payments via ACH
- No manual verification is required.
- Automatic conversion of paper receipts into ACH transfers
- Real-time transaction status tracking
- Best service
- Ease of implementation – convenient, safe and effective
Using a secure payment gateway from Wellcoinex allows you not to spend money on hardware, software development and worry about the safe storage of customer data.
Our company Wellcoinex, headquartered in London, operates in 51 European countries, including the UK, Russia, Germany, France, Italy, Spain, Ukraine, Poland, Romania, the Netherlands, Belgium, Greece, Sweden, Austria, Switzerland, Norway, Ireland.
What is a Payment Gateway?
Trading accounts consist of two parts. The first is the trading account itself. The second is the payment gateway.
Trading accounts are opened in acquiring banks. When your account is approved by the acquiring bank, you get the right to accept card payments.
The first part of your trading account is completed. However, you still need a payment gateway to process payments.
A payment gateway is a connection through which transactions are encrypted and transmitted to a secure banking network for authorization, settlement and reporting. Authorization results (approved, rejected) are returned within a few seconds.
In addition to card processing, payment gateways may include ACH, electronic checks, cryptocurrency, and other forms of payments.
What is a High Risk Payment Gateway?
Although the payment gateway is used by all types of businesses, it includes features that are especially valuable for high-risk businesses.
Enterprises belonging to the high-risk category often have more than one trading account.
Diversification of acquiring banks is a reasonable strategy to reduce risk. For example, banks sometimes change their underwriting policies and decide not to accept certain industries anymore.
The presence of several trading accounts ensures uninterrupted data processing.
High-risk payment gateways allow you to use multiple trading accounts.
All accounts are accessible from a single dashboard, which greatly simplifies management, reconciliation of accounts, customer service and other functions.
Load balancing between accounts is a standard feature of a high-risk payment gateway.
Load balancing allows high-risk merchants to easily route transactions between different accounts.
Load balancing on a high-risk payment gateway can be fully automated. Or you can manage the process manually.
Balances the load between all accounts. Or set rules for sending transactions to different acquirers based on certain criteria.
How the Payment Gateway Helps Prevent Fraud?
Fraud prevention is important for all businesses. Regardless of whether you are a standard or high-risk merchant, payment gateway anti-fraud tools will help you identify good orders, reject bad orders, and defer questionable orders for manual verification.
Hundreds of transaction validation tests are conducted for all transactions, and the results are returned within seconds. Extensive databases provide an additional layer of security.
Customizable anti-fraud rules and filters are easily modified to meet changing market conditions. You can set your own parameters for accepting and rejecting transactions.
Automated tools increase the approval rate while reducing costs.
The tools include: risk assessment models; monitoring the speed of order fulfillment; the use by buyers of several types of payments and brands: –
- positive/negative consumer data from sellers around the world;
- address verification;
- card verification;
- IP geolocation;
- fingerprints of devices with package signature verification;
- phone confirmation / reverse phone search;
- history of consumers who initiated a refund payments;
- internal positive/ negative / review lists;
- acceptance/blocking strategies;
- methods to minimize international fraud;
- identity substitution prevention;
- consolidated data reviews and audit trails;
- system intrusion detection and event reconstruction, and much more.
International Payment Gateway
In addition to American acquiring banks, our payment gateway is integrated with acquiring banks around the world.
The rapid growth of global e-commerce provides businesses with ample opportunities to expand beyond national borders.
Buyers around the world tend to purchase goods from American sellers.
And international companies want to receive more orders from discerning buyers from all over the world.
Multicurrency processing is important for businesses that require an international payment gateway.
Buyers expect prices to be displayed in local currencies.
Focusing buyers’ attention on buying rather than converting currencies makes sense for business.
Multi-currency processing is the fastest way to increase sales from global buyers. Accept payments in 160 currencies. Get settlements in all major world currencies.
Recurring Billing Automates Cash Flow
In addition to American acquiring banks, our payment gateway is integrated with acquiring banks around the world.
The rapid growth of global e-commerce provides businesses with ample opportunities to expand beyond national borders.
Buyers around the world tend to purchase goods from American sellers.
And international companies want to receive more orders from discerning buyers from all over the world.
Multicurrency processing is important for businesses that require an international payment gateway.
Buyers expect prices to be displayed in local currencies.
Focusing buyers’ attention on buying rather than converting currencies makes sense for business.
Multi-currency processing is the fastest way to increase sales from global buyers.
Accept payments in 160 currencies. Get settlements in all major world currencies.
Fast, Easy Payment Gateway Integration
The feature-rich API makes it easy to integrate and implement a payment gateway.
The API is available in several programming languages.
Companies with special payment processing requirements save time and reduce costs thanks to free access to the developer’s library.
Take advantage of developer apps that can be quickly customized to suit your payment processing needs.
The payment gateway is integrated with most major CRM, shopping carts and accounting systems.
It can also be integrated with the internal systems of your business.
Easy data exchange between platforms improves performance. And simplifies the management of payment processing data.
Who Uses Payment Gateway Services?
Secure payment gateways are used to process payments coming through all sales channels.
- E-commerce merchants use payment gateways to accept online orders.
- MOTO (mail/phone orders) are processed through virtual terminals. An unlimited number of virtual terminals is included in the package of your secure payment gateway.
- Applications, software and business applications are easily integrated with a secure payment gateway.
- Mobile payments are accepted through the payment gateway.
- Retail outlets use payment gateways instead of card terminals at points of sale.