The credit card is, without doubt, the most important online payment method. This was once again confirmed in the Pago Report 2005. With ever increasing credit card issuance, the importance of credit card payment will continue to grow. Online merchants looking for growth need to offer this payment method to their customers.

Merchants who want to serve international customers in their online shops must offer credit card payment, especially Visa and MasterCard, the world’s two leading brands.

Pago Online Acceptance provides you with one-stop credit card payment administration – from the acceptance contract to complete transaction processing.

 Quickinfo Pago Online Acceptance

One-stop acceptance

The prerequisite to implementation of credit card payment is an acceptance contract with the credit card organisations. Pago is an acquirer for Visa and MasterCard for the European licensing area. Online merchants, who are based in a country within the European regions of Visa and/or MasterCard (refer to list of countries) can contract directly with Pago and do not need to go through any additional parties.

* incl. Faroe Islands and Greenland;

** only available for Visa;

*** incl. Channel Islands and Isle of Man;

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Authorization, clearing and settlement

Pago frees you of the entire payment transaction process as well as clearing and payment settlement – adapted, of course to your own specific industry and business model. This involves five different transaction types, from simple pre-authorization to credit and refund processing and reversals and cancellations.

All merchant/customer business models are covered by these transaction types.

Clearing is the process in which Pago submits payment transaction data to the credit card organization. The card organization checks the transaction data and calculates payment balances for actual payment. These balances then trigger the payments, the so-called settlement.

You can choose between a weekly and a monthly payment clearing cycle; weekly clearing is effected on Mondays or Wednesdays, monthly clearing is effected on the last working day of each month. Pago supports more than 180 different transaction currencies and clearing can be effected in USD (US$), EUR (€), GBP (Pound Sterling) and CHF (Swiss Franks).

All transactions processed by Pago are electronically itemized and can be viewed in Pago’s online reporting tool Pago BIS (Business Information Service).

Pago DTI (Dynamic Transaction Information) allows you to define your own individual text module to be printed on your customers’ credit card statements.

Pago Online Acceptance at a glance:

	Pago offers you flexible clearing and settlement cycles.
	All statements and payment clearing is possible in any of the important European currencies or in US dollars.
	Settlement is secured through regular clearing of processed transactions by the credit card organisations and intensive monitoring of transactions in process.
	All processed transactions are recorded and made available to you using Pago BIS.

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Value Added Services

Pago Online Acceptance can be enhanced with the following services:

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