sime26 wrote:i have a merchant account and want to activate my zen carts inbuilt credit card module for offline processing of credit cards. i am a bit hesitant because of the new pci rules. has anyone got the drum on this? is it allowed?
duk wrote:I thought banks don't like this. I knew one bank asking all their merchants who are processing card-not-present transactions only through the EFTPOS, to apply for real-time gateway, because, even if the card details are stored in a PCI Compliant gateway, they are exposed to the merchant and their employees.
duk wrote:Also, in merchant's point of view, why process the transaction manually, when there is an option of automating it.
duk wrote:If you want to vet the orders and check them (if the stock is available or the order is genuine) before processing then there is point in storing the card details and storing them manually. Even for this you can use some technique called triggered payment.
Mal wrote:To suggest banks are deliberately trying to continue earning charge back fees is about the most stupidest thing I have heard.
I happen to know a little about this and I can tell you you are WRONG. Some banks are still coming to grips with these new manual payment gateways. There is nothing sinister about it. They are new so what do you expect.
A bank has a vested interest in lowering its exposure to risk when supplying merchant account services and it so happens the manual gateway method is starting to be recognised as a viable solution in helping to lower risk FRACTIONALLY - It is NOT a "fantastic magic bullet" solution to ending fraud as some of you think. You are still dealing with card not present transaction risks, nothing changes that.
But to say banks are deliberately trying to protect charge back revenue is one of the most intellectually inept comments I have heard in a long time.
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