Lowyat.NET: Latest topics by NoetU

B2B payment provider

NoetU — Thu, 29 Nov 2018 22:16:28 +0800

PaySpacelv

PaySpacelv provides the most outstanding web-based e-commerce technical services. We have set up the standard of extraordinary efficiency and highest results for the merchants and financial institutions of all types across the globe.
Besides, PaySpacelv is rather flexible and can offer you a customizable payment environment to meet the specific needs of your clients.
Almost 10 years on from its launch, PaySpacelv became an experienced high-risk payment provider offering a full suite of payment processing services. Today, we focus primarily on high-risk payment solutions, working with SaaS, online gambling, and dating businesses worldwide.

The company offers services to merchants involved in the following business activities:

1. E-commerce
2. Forex
3. Video gaming
4. Gambling
5. Retail
6. Restaurant
7. Travel
8. Dating
9. Hosting

If you have not found your business on our list, contact the Sales representative: we’re always on the lookout for new opportunities to expand client base.

Among the additional advantages of our high-risk merchant processing include:

1. Large acquiring network. Since we worked with a sheer number of both local and international acquiring partners, we can recommend the top choice for your particular industry.
2. PCI DSS compliance. Nowadays, the high-risk payments landscape is much different from what it looked like 10 years ago. That’s why PaySpacelv establishes agreements with PCI DSS compliant banking partners only.
3. Multi-currency support. PaySpacelv has ready-made solutions for accepting the world’s most popular currencies while also processing local and commonly used credit card brands (e.g. Visa / MasterCard).
4. Fraud & chargeback management. Since fraud management is a key element of high-risk payment processing, PaySpacelv offers a full pack of leading-edge solutions to mitigate chargeback & fraud problems.
5. Customization on the go. We don’t provide our merchants with an all-in-one business package. Instead, we define a set of individual business requirements, speaking with each merchant in person and discussing solutions available for optimal rates.
6. We offer both 3D and non-3D-secure transactions processing aiming to meet the needs of your business

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When will paper money die?

NoetU — Mon, 26 Nov 2018 20:37:53 +0800

Small and rich countries like Denmark and Sweden are gradually refusing cash payments. Almost all residents of these countries have bank cards with which they can even buy a magazine in a street kiosk. However, for Russia, the rejection of cash is the prospect of a very distant future, if, of course, in our country, it is generally possible.

Next year, restaurants, gas stations, and some stores in Denmark may stop accepting cash. This is part of an extensive program of the Ministry of Finance to stimulate the economy. This is the first step to completely get rid of cash.

The Ministry of Finance is thus trying to stimulate the economy. Most Danish stores are already equipped with non-cash payment terminals, and most of the population have credit or debit cards. In this situation, cash becomes only a burden for the business, which by law is forced to accept them.

Last year, the Central Bank of Denmark stopped printing new banknotes and coins, and it is often difficult to find cash in bank branches.

Denmark is a small rich European country. The magazine FastCoExist ponders whether its experience can be applied to other countries.

Pros of non-paper money

Experts from Harvard University believe that there are many reasons why it is worth getting rid of paper money. First of all, it will help prevent crime. It is much easier to steal cash than money from a bank account. It is also easier to pay for illegal operations like buying drugs or killing. Yes, and a bribe with a credit card is unlikely anyone will give.

In addition, people will have to pay taxes, because now in many countries cash is used to hide a deal, companies have black cash offices, and people receive paper money for their services and do not pay taxes on them. Here you can also recall the Russian “salaries in an envelope”: gray incomes are also received in cash.

The cashless payment has other advantages. Shops can save on certain types of expenses, for example, collection and others. In addition, stores often lose money on theft: cash can easily be stolen by staff or even visitors. Money is also lost due to counterfeit bills. In fact, the security of payments will be another opportunity for savings.

The transition to cashless circulation can cope with another inconvenience for stores that need to have a change. Everyone faced with the situation that has come to the store with 5 thousand rubles, you cannot exchange them.

Cons of rejecting paper money

In Denmark, hospitals, grocery stores, and some other institutions will still accept paper money. So far, it is unlikely that some kind of government of the world will be able to completely switch to cashless payments.

There is no absolute certainty that after abandoning cash, the shadow economy will disappear completely: people are creative and most likely will find new ways to cheat, the author of The End of Money book David Walman is sure. Already, there are many ways to steal electronic money - from the usual fraud with credit cards to major scams like the pyramid of Bernard Madoff.

If the government or hackers can track how people spend money, this clearly violates confidentiality. Everyone should have the freedom to choose where to spend the money earned. We have to choose between security and the likelihood of a violation of personal space.

I believe that the development of electronic payments is inevitable, and if you look at the payment trends that exist now - more and more people prefer to pay with electronic money. On the other hand, humanity will not soon be ready to completely abandon cash.

High-risk business solution

NoetU — Fri, 02 Nov 2018 15:56:39 +0800

Hello there.

If you are looking for a trustworthy payment gateway that provides payment solutions for high-risk businesses, then PaySpacelv is the best solution.
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PaySpacelv offers its services to both for merchants from more than 130 countries across numerous verticals. Our team has successfully completed more than 14,000 projects, developed the original fraud prevention software, and continues to grow its expertise by exploring new markets and enlarging a list of payment processing solutions.
Our team offers state-of-the-art technologies to help you grow your business, strengthen customers’ trust and increase revenue. Equipped with knowledge and experience, we guarantee that you will greatly benefit from collaboration with our company.

Besides, PaySpacelv is rather flexible and can offer you a customizable payment environment to meet the specific needs of your clients.

Here are some of the solutions that we provide:

1. Fraud & Chargeback Prevention
PaySpacelv full-scale fraud and chargeback prevention tools enable online merchants to identify and prevent fraudulent activities across payments.

2. Payment methods
We are offering a wide range of payment methods, specifically toward high-risk verticals.

3. Fraud & Chargeback Prevention
PaySpacelv holistic cross transaction and cross payment fraud protection tools, enable online merchants to detect and stop fraudulent activities.

4. Credit card processing
We are a reliable Payment Service Provider that offers state-of-the-art technologies to make the payment experience on your site frictionless and, consequently, grow your customers’ user experience trust and increase your turnover and margin. We process credit card transactions in more than 130 countries in 80+ currencies. Thanks to our smart payment routing system, we ensure fast payouts to your clients and many others.

The whole list of our solutions you can find on our website.

Feel free to contact us if any questions.

Have a nice day