Since our inception in 2004, Menexis has been providing merchant accounts for the four major payment types as well as other payment based solution for small businesses, retailers, and restaurants of all types. If you are looking for low rates on credit card processing, we can help by assisting you to get setup with your Visa merchant account as well as MasterCard, American Express and Discover. Even though we are based in Los Angeles, California, we have independent agent offices through America and can catering to your needs as a business. Please inquire with us to find out if we have sales agent in your area to facilitate a face to face meeting and consultation.
The great thing about processing payments is that Visa has been innovating by offering companies the latest online verification features. One of the major ways Visa and Mastercard has help the payment industry cut down on fraud is by offering Address Verification Services (AVS). Merchants usually pay an extra $0.03 to $0.05 per transaction to utilize AVS features. By doing this, companies are able to reduce fraudulent online transactions. This is a simple step that prompts the user to enter the 3 digit code on the back or the reverse side of the credit card. The entire verification process is done behind the scene and is complete in mere split seconds when the Verified By Visa source database is query by a particular gateway such as Authorize Net, LinkPoint, Chase Paymentech Orbital or other payment gateways that are certified by Visa MasterCard and are found to be PCI compliant.
In a retail setting, with your Visa credit card merchant account, business owners can also perform AVS as well as go a step further by verifying a customers Identity and age. The age verification services are usually used by restaurants, supermarkets, and convenience store that sells products that requires a customer to be of age such as the purchase of alcoholic beverages or tobacco/cigarette related products. Merchants will be glad to know that there are technologies that have been developed for them to verify their customers’ information and this will provide a piece of mind.
So whether you are a retailer where your customers are swiping their credit cards face to face (card present environment) or an online ecommerce or service oriented business where your customers are keying in their credit card details (card not present), you still need to provide a way to reduce the time it takes for a transaction to be authorized and completed on the consumer end. That is why Visa has also come up with a new technology call Direct Exchange that will instantly connect to a vast network of banks and merchant gateways to reduce the average transaction to less than 1.3 seconds and that is amazingly fast. Nowadays, there are more people that prefer to pay their bills online or buy and sell products via the web regardless of the type of services or products offered.
Just like Visa, MasterCard is too concerned with security and is helping merchants in everyway and everyday to prevent the bad guys from accessing sensitive data. When MasterCard came out with SecurCode, it gives gas stations and other retail environments the ability to ask their customers their zip code in other to verify that a particular credit card belongs to them to cut down on fraud.
Being in this business for as long as Menexis has, we know what business owners are looking for in a MasterCard, Visa merchant account. That is one of the reasons why we provide lower fees and rates than that of our competitors.