Accepting payments online with BancNet Internet Payment Gateway
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An e-commerce entrepreneurs guide on accepting payments online through the BancNet Internet Payment Gateway. Janette Toral wrote about this at http://digitalfilipino.com/accepting-payments-online/

An e-commerce entrepreneurs guide on accepting payments online through the BancNet Internet Payment Gateway. Janette Toral wrote about this at http://digitalfilipino.com/accepting-payments-online/

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Accepting payments online with BancNet Internet Payment Gateway Presentation Transcript

  • 1. Accep%ng  E-­‐Commerce   Payments  Online  with  BancNet   Jane<e  Toral   DigitalFilipino.com  
  • 2. Disclaimer   •  All  text  and  images  used  in  this  presenta%on  material   were  liDed  from  the  various  Internet  Payment  Service   Provider  (IPSP)  websites.   •  Sources  are  acknowledged  for  proper  reference  and   reader  verifica%on.   •  It  is  meant  for  educa%onal  purposes  only.  No  copyright   infringement  is  intended.   •  An  IPSP  who  wants  to  be  removed  or  would  like  to  give   updated  informa%on  can  email  Jane<e  Toral  at   digitalfilipino@gmail.com  (Message  her  on  Facebook   once  sent  at  h<p://facebook.com/digitalfilipino)  
  • 3. BancNet  
  • 4. BancNet  Online  Shopping     Member  Banks   •  •  •  •  •  •  •  •  •  •  •  •  •  Allied  Bank     Allied  Savings  Bank     Asia  United  Bank     Bank  of  Commerce   China  Bank     Chinatrust  Bank     Citystate  Savings  Bank     Eastwest  Bank     Equicom  Savings     Green  Bank  of  Caraga     Malayan  Bank     Maybank  Philippines     Metrobank   •  •  •  •  •  •  •  •  •  •  •  •  •  PBCom   Philippine  Business  Bank     Philippine  Na%onal  Bank     Philtrust  Postal  Bank     PSBank     QCRB     RCBC     RCBC  Savings     Robinsons  Savings  Bank     Security  Bank     Standard  Chartered  Bank     Sterling  Bank     TongYang  Bank   h<ps://www.bancnetonline.com/BancnetWeb/goToOnlineShoppingPage.do  
  • 5. BancNet  Internet  Payment  Gateway   h<ps://www.bancnetonline.com/ BancnetWeb/ goToOnlineShoppingMerchantPage.do  
  • 6. BancNet  requirements  for   accredita%on   •  DOCUMENTARY  REQUIREMENTS:   –  Properly  signed-­‐up  Merchant  Info  Sheet.     –  Signed  and  notarized  Memorandum  of   Agreement.   –  Corpora%on:     •  copy  of  SEC  Registra%on  and  BIR  Form  1901  or  Audited   Financial  Statement  (first  5  pages)   –  Single  Proprietor:     •  BIR  Form  1901  and  Mayor's  Permit     h<ps://www.bancnetonline.com/BancnetWeb/ goToRequirementsForAccredita%onOnlinePage.do  
  • 7. BancNet  Criteria  for  Accredita%on   •  CRITERIA:     –  Merchant  must  show  gross  sales  of  PHP250,000/  month  (cash/  card   sales)  Merchant  should  be  willing  to  pay  the  commission  or  merchant   discount  rate.     •  Risk  criteria   –  High  Risk  Business  Model:     •  BancNet  will  not  allow  connec%ng  to  the  BancNetOnline  Internet  Payment   Gateway.   –  Medium  Risk  Business  Model:     •  BancNet  will  review  the  specific  business  model  and  poten%al  threats  on  a   case  to  case  basis  and  will  require  compensa%ng  controls  to  become   acceptable  for  connec%on  to  the  BancNet  Online  Payment  Gateway.   –  Low  Risk  Business  Model:     •  BancNet  will  allow  for  interconnec%on  with  the  BancNetOnline  Internet   Payment  Gateway.   h<ps://www.bancnetonline.com/BancnetWeb/ goToRequirementsForAccredita%onOnlinePage.do  
  • 8. BancNet  Risk  Criteria   •  •  •  •  Iden%fica%on  of  e-­‐merchant  /  sub-­‐merchant   Iden%fica%on  of  customer   Secured  fulfillment  /  delivery   Financial   h<ps://www.bancnetonline.com/BancnetWeb/ goToRequirementsForAccredita%onOnlinePage.do  
  • 9. BancNet  Risk  Criteria   Risk  groups   High  risk   Medium  risk   Low  risk   Iden%fica%on  of   Merchant/     Sub-­‐Merchant       Unclear  business   model.  Allows  for   transfer  to  other     nego%able   instruments.  No   clear  company   registra%on  and     iden%fica%on   process.     Clear  company     documenta%on     Exis%ng  and  stable   Business  Model     (Bills/Invoice   Presentment).     No  sub-­‐merchant/   company.   Iden%fica%on  of   Customer   Anonymous  &   Electronic  only   Non-­‐repudia%on   (i.e.  physical   registra%on  &     documenta%on)     Non-­‐repudia%on   (i.e.  physical     registra%on  &   documenta%on)     h<ps://www.bancnetonline.com/BancnetWeb/pages/PDF/EMerchantInfoPage.jsp  
  • 10. BancNet  Risk  Criteria   Risk  groups   High  risk   Medium  risk   Fulfillment  /   Delivery   Electronic   Fulfillment,   Instantaneous  and   Irreversible   transac%on     Electronic   Physical   Fulfillment,     Fulfillment  /   Non-­‐Instantaneous     Reversible     transac%on     Financial   Incomplete   Start-­‐up  company   Financial  or   Corporate     documents  OR   Company  Financials     indicate  liquidity  or   stability     concerns     Top  5000  Philippine   Corpora%ons  /     Company.  Financial   documents     support  healthy   financial  liquidity     and  stability     Example   Mobile  phone   air%me  loads   B2B  companies,   Schools,  U%li%es,     Club  Memberships     Prepaid  Internet   Access,     Auc%on  sites     Low  risk   h<ps://www.bancnetonline.com/BancnetWeb/pages/PDF/EMerchantInfoPage.jsp  
  • 11. Prohibited  goods  and  services   •  Anything  illegal  under  exis%ng  laws  and  Philippines   Cons%tu%on.   •  Infringes  on  any  patent,  trademark,  trade  secret,   copyright,  or  other  proprietary  right  of  any  party,   including,  but  not  limited  to,  the  unauthorized  copying   and  pos%ng  of  trademarks,  pictures,  logos,  soDware,   ar%cles,  musical  works  and  videos;   •  Offers  fraudulent  goods,  services,  schemes,  or   promo%ons  that  promises  and  promotes  get-­‐rich-­‐quick   schemes  through  chain  le<ers,  pyramid  or  ponzi   schemes,  matrix  programs,  and  certain  mul%-­‐level   marke%ng  programs;   h<ps://www.bancnetonline.com/BancnetWeb/ goToRequirementsForAccredita%onOnlinePage.do  
  • 12. BancNet  Goods  /  Services  subject  to   review  /  pre-­‐approval   •  Electronic  wallets  (i.e.,  “e-­‐wallets”)  or  any  similar  payment   type;   •  Gambling  or  lo<ery  type  services  such  as  online  or  offline   casino  games,  sports  bejng,  horse  or  greyhound  racing,   lo<ery  %ckets,  games  of  skill,  and  other  services  that   facilitate  gambling;   •  Dona%on  collec%ons  for  charity  and  non-­‐profit   organiza%on;   •  Sale  of  stored  value  cards  for  telecommunica%ons  (i.e.   Interna%onal  Call  cards,  Call  &  SMS  cards,  ISP  Internet   cards,  etc.)  and  online  gaming  purposes;  and     •  Direct  Marke%ng  and  Mul%-­‐level  marke%ng  products  and   services   h<ps://www.bancnetonline.com/BancnetWeb/ goToRequirementsForAccredita%onOnlinePage.do  
  • 13. References   •  h<ps://www.bancnetonline.com/ BancnetWeb/pages/PDF/ EMerchantInfoPage.jsp   •  h<ps://www.bancnetonline.com/ BancnetWeb/goToOnlineShoppingPage.do   •  h<ps://www.bancnetonline.com/ BancnetWeb/ goToRequirementsForAccredita%onOnlinePag e.do