eNETS provides fast, secure, reliable online credit card payment processing. This service is available worldwide and authorization of transactions is executed within seconds.
eNETS provides a secure connection between your e-commerce website and financial institutions that settle credit card transactions. Complete transaction security and integrity is delivered via Secure Socket Layer (SSL), VerifiedByVisa (VbyV) and MasterCard SecureCode, protecting both the customer and merchant against fraud and tampering.
eNETS can also support mobile payment transactions using credit cards. How does it work?
When a customer places an order on your website, the payment information is securely transmitted to our credit card server.
Upon receiving the payment information, a transaction authorization is routed to the appropriate financial institution and, ultimately, the card association (Visa, MasterCard, Amex). Your customer’s credit card bank (also known as issuing bank) returns an authorization to eNETS. Upon receiving the authorization, eNETS sends a message to you providing a status of the transaction.
The payment process completes when the card-issuing bank transfers funds to your bank account.
Is my web site required to be residing with NETS to use eNETS credit card services?
No, the web site can be residing with any company in any part of the world.
Which platform must my web server be running on?
Our module is server independent. The only requirement is for the server to support http / https re-direction.
What particular products or services must I sell over my web-site?
There is no restriction on the type of products or services that can be sold through eNETS, as long as it is not against the law of Singapore and the country in which the business is dominated.
Do I, as a merchant, need to purchase any hardware or software?
No additional hardware or software purchase is required.
Why should my business subscribe to eNETS services instead of building our own in-house E-payment application?
The investment outlay to build your own e–payment application is at least 5 times higher than subscribing to eNETS. You will also be required to contact with a bank for a direct linkage to their credit authorizing facilities.
Also, e-commerce being a time–critical process requires stringent operational procedures and maintenance. eNETS being an outsourced service will undertake the operational and maintenance aspect of the infrastructure–providing a 24×7 hour a week uptime for transactions.
How long is the application process?
NETS will process your application between 7 – 10 working days.
Can I use any bank account?
Yes, you can use any account with any of the banks in Singapore.
Is the transaction performed at real-time?
From the moment the customer submits his credit card details, the transaction is forwarded via NETS’ gateway for instant validation/verification by the bank.
The bank will validate the transaction via an acceptance or declination code, which will be returned to both the merchant and customer.
Example Case Studies
|Service||Setup||Yearly||Charge per trans
|Charge per trans
|Value Pack (UMAPILite)||$250||$200++||4.0%||3.5% OR Minimum of $1.50|
|Professional Pack (UMAPI)||$1200||$800++||4.0%||3.5% OR Minimum of $1.50|
Correct as of: 5th September 2012.