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Introducing Paywire
2-May-2002 -- Andy Stapleton
 
General
Paywire is a subsidiary of DBWired, it allows both Internet or Program based processing of ACH/EFT and Credit card processing. Our costs are based on our volume, since we have larger volume we can charge less per transaction than most companies.
 
Requirements are you have a Merchants account with us, and then we will provide interface capability to upload the transactions to our secure servers, and review the transactions/returns on our secure server.
 
Program interface
The program interface is a free Clarion template that allows you to integrate the CC/ACH/EFT via your software for your customers.
 
Example: You have a membership software program or POS program and wish to provide your customers that purchase your software the ability to process their transactions cheaply and securely... that is what the templates do.
 
Within your program, you can process re-occuring transactions, upload to secure FTP, and process them. Your customers will have to sign agreements with Paywire for processing the transactions, but costs are usually cheaper than what they may be doing now.
 
Once all items are signed, processing can be setup as a daily occurrance, uploaded and processed within 24-48 hours.
 
Our rates are in the following range, but may be lower, depending on your volume:
 
  • 2.39% on Credit card transactions
  • 10 cents a transaction for Online Verification
  • 20 cents a trans processing CC/ACH/EFT
  • one time setup fees for merchant and bank processing.
     
    Rates are based on volume of transactions and risk factor. More volume, cheaper costs. Basically, send in what your rates are now and expected number of transactions, we will probably match or beat it.
     
    DBwired will provide the templates needed, assistance in implementing the templates and support for your customer base.
     
    Please visit www.paywire.com for more information.  

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