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	Merchant Account @ CyberBit

Solution Merchant Account @ CyberBit

Shoppers today expect convenience, simplicity, and a selection of payment methods for them to choose from. Payment by credit card is by far the most popular payment of choice and if a merchant doesn’t offer this, the consumer will simply go elsewhere; competition is fierce. Setting up a merchant account with CyberBit enables the major credit cards to be accepted on a website, including Visa, MasterCard and Visa Electron for UK customers. The account allows for authorisation, settlement and management of credit card transactions online. Internet sales can be managed worldwide using a single payment gateway and payments processed in real time. CyberBit also have Virtual Terminal software, a payment terminal that allows you to accept mail order or phone payments if for some reason the information can’t be collected from an internet based system. So transactions can be processed either online or offline. Access to the payment gateway will ensure all transactions are easily processed with all the major banks and is available to merchants in all European Countries.

The gateway used by CyberBit has been designed to be as easy to use as possible, giving absolute control over payments and transactions; the option to print out statements is even available. The system is extremely powerful and several merchant accounts can be handled on one server. The system is able to handle all major clearing banks and several clearing banks can be installed at once.

CyberBit utilizes the Address Verification System (AVS) which confirms the identity of the credit card holder. The system works by confirming the billing address of the credit card is the same as the one on the application form held at the credit card issuing bank. Security Code Verification (MasterCard Secure Code & Verified by Visa) was introduced to improve the security of Internet payments. Basically it is 3 numbers printed on the card or signature strip and required by merchants to secure ‘card not present’ transactions taking place over the Internet, on the telephone, by mail or fax. Due to increased attempts at card fraud, it is now obligatory to supply this code when the cardholder is not present in person.

The anti-fraud system, VFraud, is designed with a high level of anti-fraud tools to identify and prevent fraudulent transactions, containing over 180 different anti fraud features. The system has been designed to maximise the protection of an online business and is based on over 7 years of experience and research. Using this research the company has built a database for their findings with a huge amount of diverse fraud models. Features include: IP & Cardholder match, General country restrictions, Card block, Card restriction, Time Frame relay, Anti spoofing tools and Anti phishing tools.

CyberBit supports over 150 different currencies so the customer has the option of ordering products or services in the currency they are familiar with. Shoppers will know which cards are accepted by the card logos shown on the payment method page. When the account is set up the payment logos are automatically displayed so shoppers can see the cards available for them to use. If the online store requires more payment cards after the set up has been completed, an online application has to be submitted stating the extra cards to be added.

CyberBit accepts applications from most types of industries including Gaming, Pharmacy, Adult, Retail, Software, Ticketing Tobacco, Travel business, Airlines, Hosting business, Financial Services, Online Games, Luxury Goods, Digital Content. Opening a merchant account with CyberBit will show a growth in your online business as the website becomes available internationally. As an online merchant check out the options available with CyberBit and you will see that it is an affordable choice.

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28 May 2008 02:31 PM

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