Posts Tagged “credit card”

MasterCard

MasterCard is a card payment method that can used for purchases at point-of-sale and online. Upon checkout in an online store, the consumer selects the MasterCard button or logo, enters their card number, expiry date and CVC2 (security code at the back of the card) and completes payment. Merchants receive instant confirmation of payment. MasterCard, similar to other credit cards used online, are known to be eligible for chargebacks: the cardholder reclaiming their money due to fraud or disputes. Merchants willing to accept MasterCard online can protect their card sales by using MasterCard SecureCode, a service that verifies the genuine cardholder at the moment of purchase. Online merchants are able to accept MasterCard payments either via direct solutions like PayPal and Click-and-Buy, or via MasterCard Payment Gateways and Payment Service Providers (see below). MasterCard credit card transactions are normally charged a commission of 1-3% per transaction (differs per merchant/country).


Visa

Visa is a card payment method that can used for purchases at point-of-sale and online. Upon checkout in an online store, the consumer selects the Visa button or logo, enters their card number, expiry date and CVV2 (security code at the back of the card) and completes payment. Merchants receive instant confirmation of payment. Visa, similar to other credit cards used online, are known to be eligible for chargebacks: the cardholder reclaiming their money due to fraud or disputes. Merchants willing to accept Visa online can protect their card sales by using Verified by Visa, a service that verifies the genuine cardholder at the moment of purchase. Online merchants are able to accept Visa payments either via direct solutions like PayPal and Click-and-Buy, or via Visa Payment Gateways and Payment Service Providers (see below). Visa credit card transactions are normally charged a commission of 1-3% per transaction (differs per merchant/country).


Visa and MasterCard forced to cut fees in France

INVESTOR'S BUSINESS DAILY | Visa and MasterCard were forced to cut processing fees in France on Monday and may soon be required to reduce fees in the U.S. on a pending trial.


'Login and Pay' launched by Amazon Payments | New PayPal Rival

SEATTLE  | Amazon released a new service that streamlines how customers transact with online merchants. Login and Pay with Amazon allows participating companies to empower customers to go from browsing to buying in just a few clicks using their Amazon account information.


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