What are the roles of merchant bank and payment processing companies?
There are essentially three companies involved in delivering the WebPay service: 1) WebPay Services, providing the interface for users to pay for their prints, and providing the technology to manage transactions and integrate with PrinterOn; 2) The payment processing gateway, which handles the transmission and authorization of payments and processing of funds between gateway and merchant bank; 3) The merchant bank which allows the customer to accept payments from the various payment providers, such as Visa, Mastercard, Solo, Carte Bleue, iDeal, Dankort etc. Payment gateways and merchant banks are almost always required for online payment processing, with only minor variations from country to country.
There are essentially three companies involved in delivering the PWP service: 1) Pcounter WebPay, providing the interface for users and administrators to deposit or withdraw to Pcounter accounts, and the integration with the school/library Pcounter server; 2) The payment processing gateway, which handles the transmission and authorization of payments and processing of funds between gateway and merchant bank; 3) The merchant bank which allows the school or library to accept payments from the various payment providers, such as Visa, Mastercard, Solo, Carte Bleue, iDeal, Dankort etc. Payment gateways and merchant banks are always required for online payment processing, with only minor variations from country to country.
