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Electronic Commerce
The Electronic Commerce allows companies to act in any part of the world, to be more efficient, more flexible in its internal operations and to provide a better response to their customers’ needs and expectations.
Companies should consider Electronic Commerce as an “added value” to its particular means of making business, since it will receive unlimited advantages from a market that opens the doors to a world with endless possibilities and, what is better, to potential customers.
The electronic commerce offers our customers the advantage of selling their products and services through Internet, using the most advanced technology allowing the globalisation of their company.
In Credicorp Bank we have the support of the world’s greatest companies specialized in making online transactions (First Data Corporation, Verisign and First Atlantic Commerce).
How does it work?
- The customer places an order
- The transaction is processed.
- The transaction is approved or denied
- The approval code is sent to the customer
- The customer complete the order through Internet using his preferred method of payment
- And CREDICORP BANK takes care of the rest
All banks and E-commerce providers have some fees and commissions for accepting credit cards. Normally, they are classified into four categories: Discount Rate, Transaction, Monthly and Chargebacks Fees.
Rates and Fees of Credicorp Bank:
Discount Rate:
Prior to the transfer of the funds the bank will usually deduct a percentage from the total amount of the gross sales, made during the day.
However, the bank may charge the highest fee for transactions that do not have the classification required. For example, accepting a “VISA Business” may cost you 1% more than the regular Visas.
These overcharges for non-classified transactions should be established with the service provider or the bank.
Transaction Fees
This is a specific amount paid per each transaction.
Monthly Fees:
These are fees for other services, such as issuance of monthly reports, Web access fees and minimum monthly fees.
Chargebacks Fees:
This commission is charged for a transaction complaint or a returned sale.
All commissions and fees should be established with the bank according to a written agreement, before the merchant starts processing.
Our Services
Payment Gateway: Our services include the verification of the customers’ credit cards (funds, expiration, fraud) that access their Internet site to make payments. For this purpose, Verisign are First Atlantic Commerce who are known worldwide in the field of Internet security supports us.
Processing: Regarding the electronic collection, we have established a partnership with First Data Corporation (FDC), a leading worldwide organization in credit card processing. FDC provides transactions processing services with the most important Banks in the United States, and is part of the New York Stock Exchange (NYSE) representing one of the best 500 shares (Standard & Poors).
With this service we are providing years of experience and the most advanced processing technology through Internet. Your customers will enjoy a quick response and a safe environment for their payments. top |
