Accept online VISA Electron payments
Online VISA Electron transactions: Introduction
VISA Electron is a debit card with over 394 million users worldwide, and is particularly well-represented in Spain, most Western European countries, Latin America, the Asia-Pacific region, the Middle East and Africa. Thanks to an array of ‘built-in’ security functions which send a warning if the purchase amount is too high, this debit card is especially popular among students, start-up companies and people with a limited budget. The difference between this card and other VISA debit cards is that in order to pay using the VISA Electron card, the amount due must also be available in the linked bank account balance. With other VISA debit cards, it is possible to use the card to make payments which exceed the balance available, up to a pre-determined limit.
Accept VISA Electron payments on your site: How to
It is simple. Basically, you have to follow the same procedure for any payment method:
Online VISA Electron transactions: Advantages and possibilities
VISA Electron provides you with the opportunity to offer a method of payment in your webshop that is frequently used worldwide. Once you have completed the application procedure for credit cards (VISA/MasterCard), you will also be able to offer VISA Electron in your webshop. Since VISA Electron is owned by VISA, it may thus be offered under the same terms and conditions. This also ensures that the same high standard of security applies as that which applies to the VISA credit cards.
The advantages of VISA Electron for your webshop:
- Reach a large group of consumers worldwide;
- When you are approved for VISA/MasterCard with ICEPAY, you have a direct option for VISA Electron;
- Weekly payments;
- Option for protection from fraud using 3-D Secure.
Online VISA Electron transactions: How it works for customers
If you would like to include VISA Electron as one of the payment methods you offer in your webshop, you must complete the general application procedure for Credit Cards (VISA/MasterCard) with ICEPAY. This application procedure takes at least two weeks, yet can sometimes take even longer. This is due to the requirements the credit card companies set for their providers.
For your customers, paying using VISA Electron works the same as with every other credit card.All your customer has to do is:
- Choose a product in your webshop;
- Choose VISA Electron 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.
Payments for your VISA Electron transactions are not handled by ICEPAY, but by our supplier. These payments are made on a weekly basis. If you would like further information on payments or the implementation of VISA Electron, please contact us.
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 VISA Electron, may be handled in an even more secure manner, ICEPAY offers this system as one of its products.
Read more about 3-D Secure.
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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