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Payment Services
For online Merchants it's a key factor, to be able to offer your customer's payments with Credit- and Debit Cards. At the same time it's essential for you as a merchant to be able to keep track in real time of your online merchant account as well as the secure processing of all payments. But that's not new to you.
Through Paynova, Lycos offers you such a fully integrated and secure one stop payment solution, which enables fast and easy payments for consumers.
Special Paynova conditions for Lycos Merchants:
Lycos Merchants will save 90 £ on the one time set-up fee and permanently up to 1% on the transaction fees, and benefit from a fair pricing model without annual or monthly fees when using Credit/Debit Card Payments (Visa, MasterCard, Dinner's Club und Maestro).
What do you need to know about Paynova?
Lycos merchants benefit from the seamless integration of the Paynova Payment Services into the Lycos Shops, to avoid clients leaving the shop unnecessarily. The Paynova application form can be accessed and completed easily via the Shop Administrator, as well as through the link at the bottom of this web page (Merchant Application Form Paynova Payment Services).
Everybody benefits from the Paynova Payment Services
- Only one contracting party - no credit card acquiring agreement required with banks
- Fair pricing model without annual or monthly fees
- Only ONE Payment Interface for 9 national and international payment methods covering 7 currencies and 10 languages
- Monthly settlements/ overview for all transactions free of charge
- Trust account based administration of merchants revenues
Online real time access to the Merchant Account ("Merchant Services"):
- Paynova Use international leading fraud management methods and tools
- Merchant will save time and money of administrating an in-house fraud management tool
Real time Fraud Screening:
- Credit/debit card customer data secured from third party access.
- Merchant savings based on otherwise required substantial efforts for certification and administration of customer credit card information
PCI certification ("Verified by Visa"/ "MasterCard Secure Code"):
So easy is it to pay with credit/debit cards:
If the customer chooses the payment method credit card, the Paynova Payment services for credit/debit cards will be activated inside the Online Shop and display the selection Visa, MasterCard, Diner's Card and Maestro.
After the successful application of one of the above called payment methods, the online order will automatically be marked for the merchant as paid. That makes further receivables checking obsolete and the customer can benefit from a rapid order to delivery processing. As merchant you clearly have the choice, which payment methods you want to offer to your customers.
So easy is it to administrate your Paynova merchant account online:
Payments of your customers will be transferred directly to your Paynova merchant account, which you can be accessed online and in real time. Settlements and reporting as well as detailed transaction statistics are provided independently of payment method, country or currency. You avoid time-consuming administration associated with bank and credit card reconciliations and avoid their supplementary charges.
Pricing for Lycos Merchants
Lycos Merchants will save 90 £ of the Setup Fee and up to 1% of the transaction fees with the Paynova Payment Services, compared to regular Paynova merchants.
Setup Fee:
The merchants have to pay a one-time Setup Fee of 50 GBP (Standard: 140 GBP), for the Paynova Payment Services
Transaction Fees:
The following transaction fees apply. (These fees will self-evidently only apply, when your customers buy and pay items in your shop by using the Paynova Payment Services)
| GBP | GBP | Transaction Fee* |
|---|---|---|
| 100 | >> | 3,00% |
| 50 | 100 | 3,20% |
| 10 | 50 | 3,90% |
| 5 | 10 | 7,5% |
| 1 | 5 | 15% |
| 0,1 | 1 | 20% |
*These fees include a free of charge monthly Paynova settlement/reporting. Savings of 90 £ through this direct Lycos application, for Paynova Payment Services, compared to the regular Paynova Setup Fee.
The new acquiring bank with which Paynova cooperates now has, as a standard, the requirement to keep a rolling reserve for all of their clients. What this means is that Paynova will, as a security measure, withhold five (5) percent of your gross processing funds on a monthly basis for a period of six (6) months. At the end of the seventh month of operation (and each following month) the reserves generated from the first month of operation (and each following month) will be paid out.
Important Note: These changes will not affect payments processed via American Express, Diners, iDEAL, Giropay or Swedish internet banks.
Setup and Approval of the Paynova Payment Services is as easy as a click on the Internet. Please note that special pricing benefits only apply through direct application via Lycos!
Here you can get to:
Merchant Application Form Paynova Payment Services:
www.paynova.com
