Sunday, November 2, 2008

DirecPay Services

Directpay is a third Party Payment processor.

Direcpay is a bank neutral payment gateway aggregator exclusively for online businesses.

DirecPay supports membership based or subscription products and services.

You don't need a shopping cart to integrate with DirecPay.

You would require separate account for each of your website.

DirecPay does not support payments to be made in any currency other than INR.

SUPPORTS ALL MAJOR CREDIT AND DEBIT CARDS including: Visa, Visa Electron, MasterCard, Maestro, American Express, Diners and JCB.
It supports banking platforms of HDFC, ICICI, UTI, IDBI, CBoP and Citibank.

Powered by TimesofMoney Ltd - part of the 168-year-old Bennett & Coleman Group.

Their services facilitate online payments across a spectrum of Internet banks and credit cards.

Payment processing charges for using the DirecPay system

Merchant Category Set-up fees in rupees Credit Card MSF Debit Card MSF AMC in rupees
Economy 30,000 7% 5% 7500
Premium 50,000 5% 4% 6000

## These charges are same for all the customers.

Monday, October 27, 2008

Public sector banks

State Bank of India
State Bank of Bikaner & Jaipur
State Bank of Hyderabad
State Bank of Indore
State Bank of Mysore
State Bank of Patiala
State Bank of Travancore
Allahabad Bank
Andhra Bank
Bank of Baroda
Bank of India
Bank of Maharashtra
Canara Bank Central
Bank of India
Corporation Bank
Dena Bank
Indian Bank
Indian Overseas Bank
Oriental Bank of Commerce
Punjab & Sind Bank
Punjab National Bank
Syndicate Bank
Union Bank of India
United Bank of India
UCO Bank
Vijaya Bank

Commercial Documents Required For Payment Gateways

If Sole Proprietor
1. Proof of proprietorship
2. ID Docs of the proprietor
3. Ecommerce Agreement
4. Risk Monitoring Acceptance in the company letter head
5. Charge Back Dispute & Acceptance in the company letter head6. Balance sheet for the past 2 years duly signed by your auditor
7. Profit / Loss Account for the past 2 years duly signed by your auditor

If Partnership

1. ID Docs of Authorised Partners as specified in the partnership Auth letter
2. Photocopy of the partnership deed
3. Company Pan no
4. Ecommerce Agreement
5. Risk Monitoring Acceptance in the company letter head
6. Charge Back Dispute & Acceptance in the company letter head
7. Balance sheet for the past 2 years duly signed by your auditor
8. Profit / Loss Account for the past 2 years duly signed by your auditor

If Private Limited

1. Copy of ID proof of all the directors with " Company For Seal and Signature of all the directors "Any one of the following is accepted as ID proof;
1. Voters ID
2. Pan Card
3. Drivers License
4. Passport

2. MOA and AOA documents along with Certificate of Incorporation. If certificate of incorporation is not included in MOA or AOA, it can be provided separately.

3. If all the directors are not mentioned in MOA or AOA, then Form 32 must be provided for directors who are not mentioned in the MOA or AOA.

4. All the directors must sign the Ecommerce Agreement and Board Resolution in each page with For Seal of the company.

5. Risk Monitoring Acceptance in the company letter head

6. Charge Back Dispute & Acceptance in the company letter head

7. Balance sheet for the past 2 years duly signed by your auditor

8. Profit / Loss Account for the past 2 years duly signed by your auditor