The CyoGate payment gateway supports 3-D Secure or Card Payer Authentication, also known as Verified by Visa® (VbV) and MasterCard SecureCodeTM), and are security protocols developed by Visa and MasterCard that allow consumers to shop online more securely.
Visa and MasterCard also give incentives to eCommerce businesses that enable these programs by providing chargeback protection and lower interchange rates.
Simply put, 3D Secure Payer Authentication is validation that the online shopper is really the actual cardholder.
Merchants participating in these programs are helping to fight identity theft and consumers become more inclined to continue shopping at these secure websites.
An Internet Merchant Account is sometimes referred to as a "MOTO" (Mail Order & Telephone Order) Account because they all require the ability to process a credit card payment when there is no physical credit card present to be swiped. A standard retail "swipe" merchant account does not allow processing of these "card-not-present" transactions.
If the domestic banks are denying your merchant application because they believe your industry is considered high risk, CyoGate can help! We have an offshore network of merchant processing partners that enable us to provide low cost, high risk merchant solutions to a much wider range of businesses and industries.
The CyoGate Internet Payment Gateway offers one of the quickest and most cost effective ways to accept and process credit card and electronic check payments online. Our payment gateway works with most existing merchant accounts and supports hundreds of popular web shopping carts and eCommerce platforms.