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PaySignet online payment system

PaySignet
http://www.paysignet.com

Updated on July 27, 2010
Views: 5447 | Clicks: 268


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General Information

   Paysignet is the first to introduce Earn & Pay module in the industry!      
    No upfront deposit required for setup Start selling online immediately
    Pay as your earn selling online! We save you money you attract more buyer!
    Our payment gateway allows you to start accepting online payment without the hassles of huge start-up costs.
    More ways to pay -With Paysignet, buyers can pay with their bank accounts or credits cards.
    We put savings bank into the merchants account within 48 hours (via bank transfer for nominal bank charge) and/or we provide an option of cheque payment with'n 7 day time period.
    Our competitors charge excessive startup cost which prevents valuable merchants like yourself to start accepting online payments which again results in substantial business loss for you.
    State of the art SECURITY technology and expert fraud management team. We use the highest level of encryption and the least security tools to ensure that both merchants and customers feel secure
       - Verisign 128bit SSL encryption certification providing highest level of online
       - Verified by Visa and MasterCard Secure Code: Safeguards you from the liability of charge backs.
       - HACKER SAFE certification by Scan Alert installed to help protect your identity and          ultimately credit card fraud.
       - AmbrionTrustWave certification that has validated our compliance with industry standards and regulations.
    Innovative key feature such as:
       - Merchant Accounting & Reporting System
       - Your very own Shopping Cart customized to amtch the look and feel of your website.
       - Virtual terminal Card Acceptance Interface
       - Bill Collection Interface
       - Auction payment collection interface (eBay, Johareez.com)
       - SMS order alert facilities
       - Online Currency Converter.
       - Help Desk.
    Instant payments on Johareez.com, India's Online Jewellery Marketplace :- Faster than check or money order!

 No upfront deposit required for setup
    Start selling online immediately
    Pay as your earn selling online!
    We save you money you attract more buyer!
    Our payment gateway allows you to start accepting online payment without the hassles of huge start-up costs.
    More ways to pay -With Paysignet, buyers can pay with their bank accounts or credits cards.
    We put savings bank into the merchants account within 48 hours (via bank transfer for nominal bank charge) and/or we provide an option of cheque payment with'n 7 day time period.
    Our competitors charge excessive startup cost which prevents valuable merchants like yourself to start accepting online payments which again results in substantial business loss for you.
    State of the art SECURITY technology and expert fraud management team. We use the highest level of encryption and the least security tools to ensure that both merchants and customers feel secure
       - Verisign 128bit SSL encryption certification providing highest level of online
       - Verified by Visa and MasterCard Secure Code: Safeguards you from the liability of charge          backs.
       - HACKER SAFE certification by Scan Alert installed to help protect your identity and          ultimately credit card fraud.
       - AmbrionTrustWave certification that has validated our compliance with industry standards          and regulations.
    Innovative key feature such as:
       - Merchant Accounting & Reporting System
       - Your very own Shopping Cart customized to amtch the look and feel of your website.
       - Virtual terminal Card Acceptance Interface
       - Bill Collection Interface
       - Auction payment collection interface (eBay, Johareez.com)
       - SMS order alert facilities
       - Online Currency Converter.
       - Help Desk.
    Instant payments on Johareez.com, India's Online Jewellery Marketplace :- Faster than check or money order!

Countries of use

India

Users

all

Fees

 

Products and Features Paysignet Others Savings/
Advantages
Platinum Gold Silver
a) Credit Cards Master,Visa,
Amex JCB Cards
Master,Visa,
Amex JCB Cards
Master,Visa,
Amex JCB Cards
Only Those under
its Brand Name
Additional
Services
b) Direct Bank Transfers ICICI Bank,HDFC Bank,UTI Bank,IDBI Bank, IndusInd Bank and many more Coming up ICICI Bank,HDFC Bank,UTI Bank,IDBI Bank, IndusInd Bank and many more Coming up ICICI Bank,HDFC Bank,UTI Bank,IDBI Bank, IndusInd Bank and many more Coming up Only Those under
its Brand Name
 
c) Mobile Payments Paymate Paymate Paymate Not Available  
d) E-Cheques Over 20 Online Banks Over 20 Online Banks Over 20 Online Banks Not Available  
           
Transaction Cost: Paysignet Others Savings
a) Credit Cards upto 2.75% on a Slab basis upto 4% on a Slab basis upto 5% on a Slab basis 5%-7% Huge reccurring savings on TDRs upto 180% in Credit Cards and upto 80% in Bank Transfers
b) Online Bank Transfers upto 2.75% on a Slab basis 4% 4% 5%
a) Mobile Payments upto 2.75% on a Slab basis upto 4% on a Slab basis upto 5% on a Slab basis 5%-7%
d) E-Cheques Flat 1% Flat 1.5 % Flat 2% 5%
           
Startup Cost Paysignet Others Savings
a) Setup integration fees(One Time Non Refundable) Only Rs.25,000/- on submission of Documents (balance of Rs.25,000/- would be deducted from your actual online Sales using Paysignet) Only Rs.10,000/- on submission of Documents (balance of Rs.10,000/- would be deducted from your actual online Sales using Paysignet) Only Rs.3,000/- on submission of Documents (balance of Rs.3,000/- would be deducted from your actual online Sales using Paysignet) Upto 1,00,000 Initial savings of upto Rs.6,50,000
b)Security Deposit Nil Nil Nil Starts at around Rs.5,00,000
c)Due Diligenece Nil Nil Nil 25000 to 60000
           
Recurring Cost: Paysignet Others Savings
a) Rentals Nil Nil Nil 50,000 Recurring annual savings of Rs.1,25,000
b) Software Upgradation Cost(Per Anum) 5,000/- 2,500/- 1,500/- Upto 25,000/year
c) SSL Certificate Not Required Not Required Not Required Rs.50,000
           
Integartion Paysignet Others Savings
a) Ease of Integration Very Simple Very Simple Very Simple Complex. Requires technical Expertise Integration is Easy and Time saving
b) Time to Integration Less than One Hour Less than One Hour Less than One Hour 15 Days to 1 month
           
Security Paysignet Others Savings
a) Credit Card Verification Method(i.e.CVV 2 for VISA,CVC 2 for MASTER CARD)(What is this?) Yes Yes Yes Only used by some Strong filters and Secruity measures to save you from Frauds
b) IP Address mapping and card hoder reverse look-up Yes Yes Yes No
c) Manual Verification Support Yes Yes Yes Only used by some
d) Authorize and Capture Support Yes Yes Yes Only used by some
     
Additional Features Paysignet Others Savings
a) Live Merchant Support Yes Yes Yes No Additional Service
b) Ready-made Advanced Shopping cart with your site look and feel Yes Yes Yes No Additional Service
c) Support for Auction payment Collection Yes Yes Yes No Additional Service
d) Online Transaction Accounting Module Yes Yes Yes Limited Additional Service
e) Instant SMS and Email Alerts Yes Yes Yes No Additional Service
f) Customized Reports
Yes
No
Yes
No Additional Service
           
Note: Service Tax and Education Cess at 12.36% as applicable on TDR

Integration approaches

 

Shopping Cart Interface:
A. The Customer clicks on the 'Add to Cart' button next to each product or services on your website.
B. He is taken to the shopping cart on the Paysignet server which has the look 'n' feel of your website. From here the customer can proceed to Checkout by clicking on the “Pay and finish” button or the customer can click on “Add more Items” button to go back to your site and add more items or he can delete items from the Shopping Cart.
C. Once the Customer Checksout he is directed to Paysignet's Checkout page where he has various Payment options available to him (such as Credit Cards, Bank Transfers, Mobile Payments, Cash Cards, E-Cheques etc.) and chooses to Pay
D. Paysignet validates the transaction after which the Customer is sent back to your website with the status of the transaction.
E. Paysignet then updates your accounts and also sends you an e-mail confirming and giving details of your customers order and delivery address. On completion of the order, you can update your accounts and receive payments from Paysignet.
 

Information for developers

 

E-commerce is revolutionizing the way businesses transact through the world. In India, online commerce has become a reality and is growing rapidly. As this digital economy evolves, e-commerce business models in India will require reliable and state of the art online payment solutions.

Paysignet is India's leading payment gateway service provider which provides a secure, real-time, scalable and flexible Internet payment platform. It facilitates seamless online payment solutions enabling businesses all over India to accept secure online payments via credit cards, debit cards, bank transfers, by phone, fax or mail through one single account and payment-processing system.

By signing up with us, online merchant's & individuals can immediately start accepting Visa, MasterCard, Diners, American Express, JCB and all other major credit cards as well as Bank transfer payment online (ICICI, HDFC, IDBI, UTI Bank and more). We also provide our own shopping cart which our customers can seamlessly integrate on their own website and can customize the payment pages to the desired look and fell of their branded website.

Only Paysignet provides such a universal range of payment options for you to accept through one merchant account, one payment-processing console, 24/7.

Paysignet is the way to pay and receive online payments in today's ever growing digital economy. it is secure and trusted - Good for your Business.

Paysignet - A Credit Card Service Company India offers Credit Card Transactions India. Credit Card Transactions India provided by Credit Card Service Company India from www.paysignet.com.

 

Paysignet's Payment Gateway provides Individual Businesses and Business Houses with cost-effective online payment processing solutions that are designed to maximize sales and increase operating efficiency.

Our Online Payment Solutions are ideal for Merchants seeking to attract buyers by increasing appeal of their e-commerce offerings and providing customers more alternatives to complete payment.

Paysignet is the only Payment Gateway in India to provide the "Earn and Pay" module to its customers. Merchants can now be sure that they spend next to nothing to accept payments online, on their web-sites. With Innovative Ideas, Cost Effective Solutions, Wide Range of acceptance and Secure Technologies, Paysignet aspires to be India's leading Third Party Payment processor supporting transactional capabilities with all Major International and Domestic Credit Cards and all major Domestic Online Banking Institutions.

 

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