Beekash Payment Systems

Collecting payments through cards has grown as one of the essential part of the business. As today people prefer to pay through their cards that are, purchasing product or services through their account directly. For this the businesses who are practicing the traditional way of business are rapidly changing their working or the start-up businesses who want to have a credit card payment accepting merchant account, needs to deal with a lot of paper work for the approval of a merchant account that is specially dedicated to collect payments through cards. Here we are going to discuss about the merchant account requirements in UK, Ireland and other 26 European countries. For a merchant account to be initiated for collecting card payments the businesses needs to have the following documents to file applications: Proof of Citizen Ship: A copy of passport or EU card, as the proof that the applicant is a resident of European country. Physical presence of business: Proof that the...

Principal members of card brands are the banks or financial institution that are authorized to acts as “ issuing bank ” that is they can provide credit cards and can act as “acquirers”, means the financial institution that provide transaction processing services. The principal members are responsible to contact directly to the card brands that is VISA, MasterCard or others and settle the funds of those transactions. Banks might ignore to work directly with them or ask for guarantee from any third party, if any high-risk businesses, like gaming, e-Cigarette, pharmacy, firearms, adult products, media productions, start-up and more. That’s where, these principal member “ financial institutions ” play a pivotal role by just cross checking the business documents and existence. If they find the business eligible for association, these institutions just ask for fulfillment of the minimum legal requirement that is generally required for establishment of merchant accounts . These princ...

BeeOOP ™ Closed Loop System Global Payment Processing Company   The e-money sector is growing exponentially day by day, and every business is trying to retain customers, through advance contracts, memberships and wallet systems. We at Beekash have much experience in implementing highly profitable financial network systems for our enterprise client, be it global payment processing, cross border transactions, e-money and wallet systems, while maintaining the highest standards of financial network security, adhering to various security standards set by PCI & ISO .     Our understanding of customized solutions, and our capability to deliver end to end turnkey solutions enables us to deliver, more robust, reliable and cost effective solutions. our in-house, solution architects, hardware integration designers, software development teams, security auditors and 24x7x365 monitoring and support workforce enables us to deliver with confidence. afte...