Are you new to online selling?
Before choosing an online payment system, consider this: Online payment frauds pose a very serious threat to both merchants and consumers alike. Credit card fraud in 99.9% of cases results in a chargeback case. A chargeback is a reversal of a credit-card transaction. The merchant loses the goods or services sold, the payment, the fees for processing the payment, any currency conversion commissions, and the chargeback penalty. Sometimes the consumer complaint is untrue, and their refund claim gets denied. In these situations, the merchant will sometimes still be charged processing fees. Chargebacks are the cause of serious expenses and fund losses, eventually – bankruptcy, bad credit card processing history, terminated merchant files, etc., (Reference: Wikipedia)
Of course there are ways to reduce chargeback’s. You could use automated methods, but automation does not guarantee full anti-fraud protection as ‘robots’, i.e. script code and special software, cannot predict human behavior. There are many advanced systems of automatic fraud protection, but these are very expensive and cannot really be depended on.
Worry no more.
There are several other options available to accept online payment but the best and safest mode of payment is through electronic wallet. PayFree is an online eWallet that provides your customers multiple ways of paying you without them having to expose their credit card or bank account details to you or to any other merchant. With PayFree online payment system, you can get paid for your services and products in an instant. No more waiting for weekly or monthly settlements like what many credit card payment systems offer. Using PayFree online payment can save you a great deal of time because you will not have to worry about obtaining authorizations or making sure that the payments are credited to your bank account as we take care of all of that for you.
Waste no more time. If increased sales are what you want, get the cheapest and the safest way – PayFree!
More questions? Please see Merchants Frequently Asked Questions.
Already Accepting Online Payments?
If you currently have an established online business and website, PayFree offers better rates, better payout frequency, higher fraud prevention and security. Designed to give online merchants more payment options for their customers, having a PayFree payment option will attract our members to visit you. Fast and easy set-up. We can get you accepting PayFree payments in 2-3 working days. Your money will be transferred to your bank account as often as you wish.
More questions? Please see Merchants Frequently Asked Questions.
