Accept online Maestro payments
Online Maestro transactions: Introduction
Maestro is owned by the credit card giant MasterCard, and is a debit card service which enjoys widespread use on an international level. Maestro processes payments and offers affiliated banks a protocol for using Maestro for their bank cards. The manner in which online payments are executed varies from one bank to the other since consumers are always re-directed to their own bank’s online environment. The Maestro card is linked to the consumer’s bank account, and there must always be a sufficient balance in the account in order to allow payments to be processed. Maestro has an enormous range: there are more than 540 cardholders in over 100 countries. Online payments using the Maestro card are facilitated entirely by MasterCard, and must satisfy strict security requirements.
Accept Maestro payments on your site: How to
It is simple. Basically, you have to follow the same procedure for any payment method:
Online Maestro transactions: Advantages and possibilities
Maestro is the most important debit brand within the European Union and several other countries. Maestro therefore has a significant reach worldwide. Since consumers must pay via their own bank and there must always be a credit balance in the linked account, this is a safe method of payment for both you and the consumer. Payments using Maestro are generally rapidly processed by the bank since the amount may be deducted immediately from the account. This also allows quick processing of orders.
The advantages of Maestro for your webshop:
- Worldwide reach of 540 million cardholders in 100 countries;
- Safe for consumers and merchants;
- Quick processing of orders made possible;
- Safe payment environment.
Online Maestro transactions: How it works for customers
Maestro cards may be obtained via the associated banks, and are linked to the cardholder's current account.
For your customers, payments using the Maestro card vary depending on the bank. Since Maestro is a protocol for banks, and the banks arrange the transaction, consumers are re-directed to their own bank’s payment environment. This is why the way the Maestro payments are handled varies from one bank to the other. In general, the payment process works as follows. All your customer has to do is:
- Choose a product in your webshop;
- Choose Maestro as the payment method;
- Select their own bank;
- Execute the payment and approve it via the secure bank environment and method of payment;
- And: the payment is complete.
MasterCard and VISA have developed a security system to fight credit card fraud. This system is called 3-D Secure. In order to ensure that all of your VISA and MasterCard credit card payments, including Diners Club International, may be handled in an even more secure manner, ICEPAY offers this system as one of its products.
Read more about 3-D Secure.
Attention: ICEPAY only accepts Meastro International cards with the Mastercard Secure Code.
This payment method is available in:
|Connection costs||-||€ 125,- p.y.||€ 125,- p.y.||On request|
|Transaction costs||-||2,7% + € 0,25 p.t.||2,3% + € 0,25 p.t||On request|
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