Credit Card Processing

[Midnight Blue]

Wondering if there were any forum members out ther that could suggest a credit card processing firm. What are the rates & Fees that I should expect? How are foreign credit cards processed and how is the foreign exchange handled. Thanks.

[Martin_F]

Hi,

What are you doing? Business type retail shop, online-store, wholesale?

Where is your business Thailand overseas?

What is your currency?

Where is your bank account?

The operation that we used was posnet http://www.posnet.co.th/.

They provide the pos card reader for Thailand based businesses.

[trampolin]

Wondering if there were any forum members out ther that could suggest a credit card processing firm. What are the rates & Fees that I should expect? How are foreign credit cards processed and how is the foreign exchange handled. Thanks.

Depending on how big is your business, Asianpay.com offer you multiple solution for your business.

Below is the quote from Asianpay Ceo interview

Talk Thailand: Recently Asian Pay announced that they have launched a Credit Card platform. This is very exciting news. Can you please tell us more about this exciting development?

Our Main Business remain The Online Payments Business.

Credit Cards Operations are a must to complete our offer. This is why not only we allow Credit cards operations on Asianpay Payments (https://asianpay.com) but we have created our own Payment Gateway Solution (https://www.asianpay.biz )and we are working on a new project that will be ready at the end of this month and will allow small and medium merchants to offer products on sale and to accept Credit Cards without the needs to have their own web site or their own catalogue and shopping cart, but taking advantages of a Global Shopping Platform fully Integrated with our Online Gateway. This at ZERO SETUP FEES, ZERO MONTHLY FEES and VERY COMPETITIVE CREDIT CARDS TRANSACTIONS FEES.

Basically we are working to complete our offer and to be able to be of services to anyone.

Merchants loving PayPal style will use AsianPay Payment Merchants loving WorldPay or 2checkout style will use AsianPay Gateway

Merchants that can not afford even low setup fees or even can not afford to have their own web site will be able to take advantages of our integrated Global Shopping Mall platform

What is important to say is that we have implemented a Verification and Certification system on both sides; buyers and sellers. This will guarantee a pleasant and safe shopping experience to the buyers, and a chargeback free selling experience to the sellers.

Moreover AsianPay merchants can build their promotional offers to our Secure Card Members offering to them a discount on their sale prices. Thei can also offer to cover Credit cards charges to the buyers.

Also what is important to say is that when it come to a money transaction the rule Know Your Customer is mandatory. Well, AsianPay Payments is the only system that can really say that at Credit card transaction time we already know and have verified in full both seller and buyer.

Talk Thailand: When do you expect the platform to be available on a Global Basis?

AsianPay Payments and AsianPay Gateway are already fully working on a Global Basis and we are looking for Merchants interested to grow their Business with a trustable and

safe Credit cards payment solution.

At the present time, through our Businesses, our customers can:

Register a domain name: https://www.chiangmaihosting.com

Hosts his/her web site at the lower prices on Internet with the better quality: https://www.chiangmaihosting.com

Get their web site designed with original templates, not pre-made universally COPIED templates at a fraction of the normal costs: https://www.chiangmaihosting.com

Take advantage of a skilled team of designers and programmer that can include in any web site a full E-commerce enabled system accepting Credit cards payments in minutes both from AsianPay Payments (https://asianpay.com) or AsianPay Gateway (https://www.asianpay.biz)

AsianPay payments will also offer very soon the possibilty for WorldWide merchants to combine their own direct sales, with bargain offered at NO INSERTION FEES through AsianPay Auctions, soon to be opened and that will be the first real Online Global Auction Web Site offered to all Asianpay members.

In the very near future participate in the biggest Asian Shopping Mall that was ever opened:

Asia Go Shopping (http://www.asiagoshopping.biz - this URL still not working, but will be very soon) with NO SETUP FEES, NO MONTHLY FEES and VERY LOW CREDIT CARDS TRANSACTIONS FEES

All Gold Businesses Lovers can easily take advantage of the most profitable Gold Exchange Business

https://www.thailandgoldexchange.com

We offer low fees combined with a weekly rebate system that can earn huge amounts to recurring customers and the system has 6 level deep referals program implemented to make it as much interesting as possible

Moreover, we also run our own retail business for Thailand products (http://www.chiangmaisolutions.com) and our own export business for Container or LCL (less then full container loaded) orders from any

Country ( http://www.of-siam.biz ). On this Business we have a strong 7 years experience and we offer full services starting from Sourcing products, to professional packing, professional Containers loading, shipping and administrative issues.

Edited March 11, 2007 by trampolin

[Heng]

If you're US + Thai based, I'd recommend authorize.net + Card Service International.

[sonicdragon]

To: trampolin: This is your 2nd post ever on TV - I see that your first post was also a plug for this asianpay service. You are clearly only here to promote this. I wouldn't mind so much if you just provided the link, but posting the whole text rather obnoxious to me.

To the mods: Is this kind of commercial activity/advertising allowed ?

To the OP: If you can answer Martin F's questions, I might be able to advise. I have several years experience running an online store that accepts credit cards.

SD

[MarcHolt]

Wondering if there were any forum members out ther that could suggest a credit card processing firm. What are the rates & Fees that I should expect? How are foreign credit cards processed and how is the foreign exchange handled. Thanks.

I have had a Merchant Account with SCB for about 8 years. But they no longer offer this service. Pity. It does work and I can accept payments in a limited number of currencies.

To the best of my knowledge, no banks in Thailand are offering merchant accounts any more. Their technical IT staff are just not up to international standards to build a system that meets the varied requirements of clients these days.

I use PayPal for any new accounts now. They are not the best, but they are well known and very easy to set up.

I also tried a few years ago to get an offshore merchant bank account to process payments online. However, as soon as I paid my money the 'provider', an agent, took my money and ran. If you plan to get an offshore account, be very, very careful.

Edited March 11, 2007 by MarcHolt

[mr_lob]

Wondering if there were any forum members out ther that could suggest a credit card processing firm. What are the rates & Fees that I should expect? How are foreign credit cards processed and how is the foreign exchange handled. Thanks.

I have had a Merchant Account with SCB for about 8 years. But they no longer offer this service. Pity. It does work and I can accept payments in a limited number of currencies.

To the best of my knowledge, no banks in Thailand are offering merchant accounts any more. Their technical IT staff are just not up to international standards to build a system that meets the varied requirements of clients these days.

I use Kasikorn Bank's payment gateway. They still accept applications in every branch. At the mo, customers can pay in USD/THB, but they have told me that they are introducing more currencies by the end of the month. I find it works well, and they have a fraud rating for each transaction along with Verified by Visa and MasterCard Securecode.

[vertigo4u]

I recommend paypal - save and easy ...

[smartecosse]

you can also look at monex based in singapore

low fees at 2.7 % and can take multiple currencies

[Martin_F]

I wish OPs would comment on replies. People spend time replying and they can't even say thank you or explain further what they are doing.

OK enough said.

[h90]

Wondering if there were any forum members out ther that could suggest a credit card processing firm. What are the rates & Fees that I should expect? How are foreign credit cards processed and how is the foreign exchange handled. Thanks.

I have had a Merchant Account with SCB for about 8 years. But they no longer offer this service. Pity. It does work and I can accept payments in a limited number of currencies.

To the best of my knowledge, no banks in Thailand are offering merchant accounts any more. Their technical IT staff are just not up to international standards to build a system that meets the varied requirements of clients these days.

I use Kasikorn Bank's payment gateway. They still accept applications in every branch. At the mo, customers can pay in USD/THB, but they have told me that they are introducing more currencies by the end of the month. I find it works well, and they have a fraud rating for each transaction along with Verified by Visa and MasterCard Securecode.

end of the month new currencies that would be wounderfull!

I need Euro.....

[Midnight Blue]

Wondering if there were any forum members out ther that could suggest a credit card processing firm. What are the rates & Fees that I should expect? How are foreign credit cards processed and how is the foreign exchange handled. Thanks.

I have had a Merchant Account with SCB for about 8 years. But they no longer offer this service. Pity. It does work and I can accept payments in a limited number of currencies.

To the best of my knowledge, no banks in Thailand are offering merchant accounts any more. Their technical IT staff are just not up to international standards to build a system that meets the varied requirements of clients these days.

I use Kasikorn Bank's payment gateway. They still accept applications in every branch. At the mo, customers can pay in USD/THB, but they have told me that they are introducing more currencies by the end of the month. I find it works well, and they have a fraud rating for each transaction along with Verified by Visa and MasterCard Securecode.

I am going to begin the company selling mail order products abroad. Problem working with the banks here is that they require the business to be established for one year which essentially precludes any thai merchant from opening an ecommerce company. Like many things here, not much common sense being used here.

Edited March 14, 2007 by Midnight Blue

[Midnight Blue]

I wish OPs would comment on replies. People spend time replying and they can't even say thank you or explain further what they are doing.

OK enough said.

In the original post, I did say thanks before hand. I don't have the time to mind the forum posts daily. Thanks again for you input as well as thanks to everyone else.

Edited March 14, 2007 by Midnight Blue

[Midnight Blue]

you can also look at monex based in singapore

low fees at 2.7 % and can take multiple currencies

Please elaborate.