Alternative Payment Methods of ECommPay Flashcards
DepKasa - Definition
DepKasa is an external partner of ECommPay, a safe platform for online-payments that specializes in using alternative methods and solutions for different countries, allowing the users to make payments via banks, credit cards and vouchers.
Demand DepKasa
The payment method is demanded mostly by the following types of businesses:
Gambling/Betting;
Forex;
Binary Option.
Prohibited Products List
Medical services: ¨ Medical consultations (face to face or on the phone) ¨ Cosmetic surgery ¨ Self-diagnosis / home testing products for potentially fatal diseases ¨ Unlicensed pharmacy ¨ Human bodies, parts & tissue. Financial: ¨ Money orders ¨ Debt collection & bailiffs ¨ Claims management ¨ Tax evasion services ¨ Private to private money remittance ¨ Issuing, buying or selling notes or note printing equipment ¨ Independent Financial Advisors ¨ unlicensed Forex Marketing: ¨ Door to door selling or marketing ¨ Inbound or outbound telemarketing (i.e. cold calling) ¨ Pyramid selling ¨ Time share Third party services: ¨ Account aggregation ¨ Car matching services ¨ Auction sites & events ¨ Rebate based businesses Drugs & substances: ¨ Illegal drugs/paraphernalia ¨ Stimulants & mood altering substances (i.e. legal highs) ¨ Tobacco Others: ¨ All weaponry including self-defence, replicas & military supplies ¨ Airline / Ferry service ¨ Precious metals/gemstones (i.e. gold, silver & diamonds) ¨ Buying or selling identification documents (e.g. passports) ¨ Counterfeit goods/replicas ¨ Crowd funding ¨ Products & services invoking or supporting hatred, discrimination, violence or terrorism ¨ Buying or selling endangered animals or regulated species ¨ Tech Support/remote tech, (virus removal & computer repair) ¨ Wine & spirit investment ¨ Bodyguards & private detectives ¨ Massage parlours ¨ Sale of protected cultural items ¨ Miracle cures (e.g. remedies or other items presented as a health fix) ¨ Traffic devices (radar jammers, license plate covers, traffic signal changers) ¨ Hacking materials (e.g. software, manuals, guides & websites) ¨ Extended warranty (this does not include the manufacturer’s warranty but the additional warranty to be purchased) ¨ Spiritual & mystical services ¨ Computer modification chips
Merchant requirements
Depkasa
A license (if necessary); Upon the user reaching a turnover of €2500, DepKasa retains the right to ask the Merchant for the aforementioned user's identification documents (ID / Address verification) Forex with minimum 6 months processing history
Geographical coverage
VISA via voucher (worldwide, except USA, Israel, Australia, Hungary, Poland and Slovakia);
MasterCard via voucher (worldwide, except USA, Israel, Turkey, Australia, Hungary, Poland and Slovakia); not available currently
Instant Bank Transfer
Sofort ( Germany/ Austria/ Switzerland/ Netherlands/ Belgium/ Italy/ Spain/ Poland/ UK)
Payment Systems for Depkasa
VISA via voucher MasterCard via voucher China Union Pay Instant Bank Transfer Epaycode Cashixir Gscash iDEAL SOFORT Banking PayPal (direct agreement)*** Postepay Multibanco Przelewy24 (banking solution for Poland) Ecovoucher
Epaycode
ePayCode is the preferred online prepaid solution for thousands of customers. Prepaid means that you buy ePayCode from one of our resellers and use it to make safe online payments without a bank account or credit card at selected online web-shops and entertainment hubs. ePayCode is a payment method with service providers in the areas of gaming, social media, online communities, music, entertainment and more.
iDEAL
a popular real-time bank transfer service available in the Netherlands. It enables shoppers to send payments directly from their internet bank accounts to a merchant. Payments by bank transfers are growing in popularity across Europe, but nowhere more so than the Netherlands, where iDEAL has the largest share of the payments market-– in excess of 60% and is by far the most widely used and best known payments brand. iDEAL is seen as a safe, secure and popular payment option for shoppers who are familiar with using real-time bank transfers or prefer not to share their card details online.
SOFORT
SOFORT - enables shoppers to make payments to merchants directly from their online banking. It is a very popular method of payment in Austria, Germany and Belgium, and is gradually gaining a strong foothold in other markets such as France, Italy, Spain and the UK. SOFORT should be seen as a necessity for any merchant operating in Austria, Germany and Belgium (where awareness of the SOFORT brand is high), and as a method with high potential in other countries.
In many European markets, shoppers feel more comfortable paying from their bank account than they using traditional cards. SOFORT offers the shopper a seamless payment experience, requiring the shopper to enter their banking credentials to complete a payment. Shoppers feel comfortable using SOFORT as it offers all the security of traditional online banking – including two-factor authentication. The responsive design of SOFORT’s payment pages makes this the ideal method for making payments on the move – it works seamlessly on desktops, tablets and mobile devices. Additionally, SOFORT supports a high proportion of the major banks, meaning that it is accessible to a higher than ever proportion of shoppers.
This method offers the merchant a real-time notification of payment, making it ideal for merchants who offer time-critical goods and services.
PayPal
PayPal (direct agreement)***
PayPal is a secure and simple digital wallet service with over 220 million accounts worldwide. It is a very strong and easily recognisable brand for customers and a popular method for making payments for goods and services online. Over recent years it has become well established in many countries around the world. Customers simply log into their PayPal account to complete the transactions without having to expose card details online. They can choose to load their wallet with funds from their credit or debit cards or link it directly to their bank account. It supports major cards, such as Visa, Mastercard and American Express, and lets customers pay without sharing their card details online.
PayPal has been one of the major success stories in the payments industry over recent years and growth is steady at over 20% year-on-year.
Postepay
Postepay is a popular pre-paid card service operated by Poste Italiane in Italy . Customers can buy and reload Postepay cards from 14,000 Post offices, 4,500 ATMs and participating retailers throughout Italy. Postepay cards are branded with Visa Electron or Mastercard and can be used to pay for goods and services wherever Visa Electron or Mastercard is supported.
Postepay is perceived as a safe and secure payment option for Italian shoppers who prefer not to expose their financial details online.
Despite the fact that many Italians still prefer to pay by cash and that Internet penetration is still relatively low, the take-up of eCommerce in Italy is accelerating quickly.
MultiBanco
MultiBanco NET (MB NET) allows Portugese shoppers to do payments through the Internet by using virtual credit cards (issued online). Depending on the card system, one will get American Express, Visa or MasterCard cards. To generate a virtual credit card the shopper must login at the MB NET site and enter a limit. Then the site instantly gives the credit card number and security codes (CVC2 and CVV2) to pay for online purchases. The virtual cards are meant for a one time use or multiple uses (to be determined by consumer). Registration to use MB NET is required. To do so, consumers must go to a Multibanco ATM or one’s home banking website (if the bank allows that). The client sets a password but the username is given by the system. Merchants can accept these MultiBanco NET payments over their existing credit card processing rails, as long as they accept MasterCard, Visa and AMEX online.
