| VeriPayment.com is a Verified Payment Solution in conjunction with VeriPayment.com LTD. which is a complete payment processing solution that includes a verification process, allowing Vendors to accept credit cards from verified customers through their website. The verified payment solution comes with a turnkey service, where refunds, chargebacks and 1-800- customer service calls are handled by the experienced staff at VeriPayment.com. The merchant also gets a control Panel, for managing all their sales, as well as access to our secure payment gateway. |
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| Yes, as long as we can verify you and your company, VeriPayment.com accepts merchants world wide. |
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| A Transaction ID is a number that is unique for each transaction processed, which proves that each transaction has been verified and confirmed. |
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| With the Verified Payment Solution, you can accept only payment in USD through Visa and Mastercard only. |
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| No, there is no maximum processing volume. |
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| Our system and business practices were designed based on VeriPayment.com LTD Identity Verification Process. Unlike most industries, VeriPayment.com not only verifies the credit card but the identity behind the credit card as well, which limits any chances of fraudulent transactions to go through. VeriPayment.com issues a unique Verification Id number for each transaction processed and a unique verified account to each of its VeriPayment.com account holders. |
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| VeriPayment.com uses Thawte 248 bit encryption systems. At the browser level we use 128 Bit SSL. |
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| First, you must simply submit our pre-signup form so we may have a better assessment of your business module. Please allow one of our trained account managers to contact you within 24 hours whereas he/she will proceed to activate your account accordingly. For more information, please contact sales@veripayment.com. |
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| No. VeriPayment.com offers you the ability to accept all major credit cards without needing a traditional bank merchant account. |
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| Yes, your company must be registered and incorporated in its respectful jurisdiction location. However, your settlements can be wired at any financial institution worldwide. |
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| The Control Panel is a web-based transaction management and reporting software, developed by VeriPayment.com LTD. Some of the highlights of this tool include: real-time reporting, transaction status views. The Control Panel is available 24 hours/day and 7 days/week to only Verified Vendor account holders at this time. |
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| The Control Panel includes product distribution, daily sales activity, and customer localization. It also shows confirmed Verification IDs and customer identification, so you can keep track of each transaction that is verified and confirmed. It also consists of detailed payout and hold back funds reports as well as all verified transaction fees charged. There may be a 15 to 30 minute delay for your transaction to appear in our administration area. |
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| Like any other business, VeriPayment.com needs to protect itself from catastrophic events. In the case of VeriPayment.com, we are selling intangible Identintiy verification promises of some future service (most often, access to a client's web site). If that web site should abruptly cease to be there (as does happen on occasion), VeriPayment.com would find itself obligated to refund any as-yet-unused subscription charges. To protect itself, then, VeriPayment.com holds back from each Vendor 10% of the total revenues billed during a billing period. Six months following the date of each billing period, that 10% holdback amount is paid out to the vendor. This policy can be reevaluated once a history has been established for your site. |
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Considering the services VeriPayment.com provides, our service fees in U.S dollars are the most competitive on the net today.
Processing Rate: To be determined
Discount Rate: To be determined (depending upon industry)
Holdback fees: 10% (released in 6 months)
Maintenance Fees: $40 per month
Set up fees: $499 per acocunt |
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The Vendor has a choice of being settled by check or wire. Vendors are paid once a week upon their request, as opposed to monthly with most other processors. Settlement time periods and methods are subject to change.
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| 06/02/2003 - 06/08/2003 |
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06/12/2003 |
| 06/09/2003 - 06/15/2003 |
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06/19/2003 |
| 06/16/2003 - 06/22/2003 |
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06/26/2003 |
| 06/23/2003 - 06/29/2003 |
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07/03/2003 |
| 06/30/2003 - 07/06/2003 |
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07/10/2003 |
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Please note that VeriPayment.com is required to hold back two weeks in the rear in accordance to banking guidelines. |
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A chargeback is a payment dispute initiated by the cardholder with their credit card issuing bank. The amount of the disputed transaction is immediately withdrawn from the Vendors account, and the Vendor can dispute the chargeback with proof of purchase, signature, proof of delivery, etc. A chargeback fee is usually assessed to the merchant on top of the actual transaction. A chargeback is usually generated when a cardholder disputes a transaction because of one of the following criteria:
- Non fulfillment of product or Service
- Unauthorized purchase
- Product/service expectations not met
- When a chargeback is generated, the issuing and acquiring banks must research the facts to determine which party is responsible for the transaction.
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| Yes. As long as we can verify them on behalf of our vendor and have a MC or VISA anyone in the world can use this service. |
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| Yes. Sites anywhere in the world can use our service as long as the vendor can be Verified. |
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| Yes. It is entirely up to you what the payment options will be. Basically, what we do is provide a secure, encrypted server that the customer uses to enter their credit card data to purchase a Verification code. Once they get back to your site, you know they've paid, you redeem the code and you decide what to do with them from there. In other words we simply verify payment and Identity you set all the parameters. |
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An Affiliate Vendor (VeriPayment.com's Client) is an electronic commerce Vendor that contracts with an Internet Verification Service Provider (VeriPayment.com) to obtain payment services.
Vendors and consumers using a Verified Payment Solution benefit from the most advanced fraud prevention measures available on the Web. Our fraud prevention team uses state-of-the-art multiple detection systems to rigorously evaluate each Identity and transaction for evidence of fraud, helping vendors combat the direct costs of fraudulent purchases and reduce chargebacks. Consumers purchasing through a website using VeriPayment.com, can be assured that their personal and financial information stays private.
VeriPayment.com Security Features:
- Identify the locations where transactions originate and match them to the credit card numbers provided.
- Verifies and authenticates identities in comparison to the credit card information.
- Pre-screen transactions using our database of purchasers with poor payment histories.
VeriPayment.com prevention systems ensures secured identity verification transactions, making us the safest ways to process online transactions. |
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| Any company that currently accepts credit card payments online and wants to increase sales by giving consumers more payment options. These include ISP's, Online Retailers, Utility Companies, and Content Publishers. |
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| Transaction fees for processing checks are less than the transaction fees for processing credit card transactions. |
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| Integration involves adding a check payment form to your site. This quick and easy process is normally accomplished with 24 hours of approval. |
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| Typically, online check funds are electronically transferred to your account within five (5) business days. And, with VeriPayment.com's VeriChex (check guaranteeing) services, you can ensure that you collect the full amount of every check. |
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| By accepting checks, you'll be able to safely sell to those customers that may have reached their credit limits and have no available credit or those customers that have very low credit limits. |
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