Accans IT

Using Phone Payments for Shopping Online

admin — Mon, 24 Jan 2011 13:17:06 +0000

Phone payments have become quite popular in the recent years. Customers of online markets and businesses now don’t need online accounts and credit cards to make their payments. Phone payment is just another mode of payment like all the others but it makes use of text messaging to pay for the transactions through your bank accounts.
Phone payments are available in UK, USA, Finland and several other countries. This payment method has faced a huge growth and popularity among many of the cellular phones users and has created another platform for earning for the cell phone companies.
Banks and cell phone operators work together to make this service available to you. The use of this method has especially in the United States has made online shopping a breeze for most of us.
Customers who had always been afraid of their credit card information being misused by online companies or the cards getting stolen are quite satisfied with phone payments. There is minimal risk when you use a cell phone to make your payments because of the lesser chances of piracy, forgery or your account details getting out. Often countries have the younger generation owing cell phones but not having credit cards or online accounts. In such cases the phone payments method make their payments quite easy to manage.
Traders and online businesses also benefit from this service. Furthermore, there is no chance of the customer paying through a fraudulent bank account.
Today, you can make online payments or go online shopping without the requirement of having a credit card. All you need is your mobile phone and you are ready to go.

Canceling Automated card payments

admin — Mon, 24 Jan 2011 13:16:18 +0000

Easily accessible online bank accounts with the help of readily available internet access, makes payments much easier. Online payments are usually carried out through credit cards which makes the process faster and reliable for both the parties involved. Automated card payments tend to be very useful but there are times when you need to cancel the subscriptions. This is where the matter can become troublesome.
General advice
•   The seller is to be sought after in such cases of cancellation instead of going to the credit card firms or banks. Banks will reassure you of the subscription cancellation but they might be fooling you while charging monthly fees on your accounts. Contact the merchant in such cases.
•   As soon as you wish to cancel your automated card payments inform the company about it. This will provide time to the billing company and the bank for your request to be carried out.
•   Before you mail the company, inform them through telephone which should then be backed up by an email. Try to deliver your mail through some certified account with the request for reply. The mail should contain your card and account details along with your request for the cancellation of automated card payments.
•   If there are still continued payments from the company made through your card, inform the bank and credit card company. Keep checking your card bills to know whether anything is being charged on it or not.
Follow the above steps to make sure that your cancellation of payments is done peacefully and within your requested time.

Selecting the Best Payment Service Provider

admin — Mon, 24 Jan 2011 13:14:56 +0000

In this era of telecommunication and the World Wide Web, business procedures are carried out online widely. Most of the companies dealing with customers online need to accept payments via credit cards. For this purpose you need to have your own commercial account or a payment service provider. Most online businesses make use of a third party payment service provider as it makes the payment receiving process very easy for both, the customers and the company.
When selecting a payment service provider, you need to know a few things about the provider.
The Initial Fees
This fee is specific to some companies. Others don’t take any fees initially. You have to check out the fees they are charging before the installation of the system.
The charges after every payment
Certain payment service providers charge a fee on every transaction or payment made by the customer. The charges are made as per a few percentage of the total payment received. The charges can be up to around 20%. So, you have to choose the payment service provider that charges minimum fees.
Acceptance of every currency
Often the companies deal with clients that pay through foreign currencies. The service providers you should select much accept payments from as many currencies of the world as possible.
Extra charges
As you agree to the conditions of a payment service provider, you must be completely sure that they don’t charge any unnecessary fees or charges.
Payment sending times
Not every service provider transfers the payment to the company’s account soon after the transaction. There are some who pay weekly or monthly.
There are several payment service providers available but the best one will be with the cheapest fee and charges with on-time payments.

The Numerous Advantages of Card Payments over the Phone

admin — Mon, 24 Jan 2011 13:14:02 +0000

The remarkable speed through which the telecommunication industry has expanded has given way to a new online shopping culture. Credit card payments over the phone are for sure another achievement of this industry. Now the most suitable method of payment is the by the use of credit cards through the phone as it can be done 24/7 anywhere. Most businesses now do accept card payments over the phone as it is a very easy method for them because it has several advantages both for the card holder and the business.
An Inexpensive method
With This mode of payment money can be saved as no processing of credit cards is required at the workstations. Similarly companies have to face less maintenance costs due to the card payments over the phone. The charges of card processing through the phone are also very low with just one time installation charges and low monthly charges.
Payments can be made anywhere, anytime!
You don’t require your home phone for the payments; your cell phone will do the job for you. Therefore your payments can be made wherever you wish at anytime of the day.
The method’s absolutely safe
Making card payments over the phone is quite safe and reliable as when you give your card details on the phone, the transaction is recorded and added to your account or deducted in case of bills. This method gets the money to or from your account real quickly and accurately.
With the methods of card payments over the phone, you don’t have to pay through long queues outside counters in a bank and save the time and trouble.

Receiving Payments over the Phone

admin — Mon, 24 Jan 2011 13:12:53 +0000

The expansion of phones from simple landlines to mobile phones and the consequent portability offered has opened up several doors of opportunities. They are now used for messaging, capturing pictures, making videos and even for making payments over the phone. This is possible due to the introduction of credit cards and databases of customers’ credit in computer systems. Businesses that take orders from their customers by phone have to install credit card systems to receive payments over the phone.
In such companies, the order forms are usually filled by the operator on the phone as per the customer’s requirements. The operator then reads out the amount for the customer’s transaction. To pay for the items bought, the customer gives the credit card information to the operator and using an online system, the payment is made.
However when using the mode of payments over the phone via credit cards, you ought to keep a few things in mind. When receiving credit card information always ask the customer’s details. Majority of the credit card companies do not require phone numbers but the store or company must have to reach the customer if there is any problem in the payment.
Furthermore, the customers’ details are a necessity when you get in a disagreement with the customer. For instance, the customer might claim an irrelevant charge to his or her account. In such a case, the company must have the relevant details to prove that they charged no extra or irrelevant amount. The billing address and the shipping address must be collected while taking the payments over the phone. If the addresses are the same, there is evidence that the transaction was legal.

The Concept of Payments by Phone

admin — Mon, 24 Jan 2011 13:11:47 +0000

The last two decades saw remarkable achievements in the field of cellular technology. What can’t you do with our cell phone today? You can capture photos, play and record videos or browse the internet besides the common tasks of messaging and calling. The traditional features of messaging have lead to the method of payments by phone. Up till now it is the simplest method for making a payment online. It can be done through any make or model of phone for the payment process.
Mobile phones now act as point of sale terminals for buying goods while paying through them. This is just another movement towards payments by phone replacing cash, checks, and credit and debit cards.
The payment is done as soon as the bank verifies the person who is making the payment. Thus the payment gets done by verification and in a very short time. Payment services like PayPal have been functional for a long time now and work on the similar method of payments by phone. However, this method is costlier at times as it involves several parties to make payments.
This method gives the trader or the online dealer to choose the fee from the customer; whether he charges all the fees and network charges to the customer, or keeps the usual commission for the traders, it’s up to him.
Despite the high cost, the payment by phone method has become immensely popular as the easiest way of making online payments. Moreover, companies offering this mode of payment have increased sales of around more than 20% in 2010 which is an indication of how rapidly people are adopting the idea.

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admin — Mon, 24 Jan 2011 11:52:50 +0000

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