“…the plastic credit card was was never designed for online, non face-to-face usage.”
Crowne Gold offers all online users, both merchants & consumers, a method of e-commerce free from chargebacks and online fraud. This is a payment tool that does not contribute to higher costs for consumers and does not allow card thieves to earn a living. As a Crowne Gold account holder, spending your account value online means that you have already have paid for that gold. Any balance in a customer’s account has already been bought and paid for in full. Digital Gold balance are clear of any debit, IOUs or liens.
When a merchant or consumer receives a Digital Gold payment that transaction is final and cannot be repudiated unless the merchant and consumer both agree.
As the Internet world continues to expand, Crowne Gold works as a partner assisting merchants from all nations with guaranteed e-commerce results. Whether your financial history shows A+ credit or NO credit, your business is welcome at Crowne Gold.
Take the Pepsi™ challenge with us, compare and contrast Crowne Gold’s online payment processing with several popular Internet Credit Card Merchant accounts. Below are a few comparisons between the fees & benefits of digital gold.
Credit Card Fraud & Chargebacks? All credit card accounts expose the merchant to ‘chargebacks’.
A chargeback is a forced refund from a customer’s credit card company. It occurs when a cardholder decides to formally dispute a charge on his/her credit card bill, often because of someone fraudulently used that card number. According to credit card associations rules, Internet merchants must accept credit card fraud as part of the normal risk of doing business on the Internet. The amount of credit card fraud highly depends on your business nature. To reduce chargebacks, try to collect as much information as possible from your customer, and perform a phone order confirmation. If the order is found to be valid, then proceed with the order. A chargeback fee is a penalty fee that passes on to the merchant. *GSPAY
Finality Of Payments. Digital gold accounts, like Crowne Gold, do not allow chargebacks. All transactions are final. All Crowne Gold transactions are prepaid amounts.
(Crowne Gold) No transaction reversals – exchanges are final
(Pecunix) Pecunix payments are non-repudiable: Payment fraud and charge-backs are things of the past.
Because with digital gold there are no chargebacks, these accounts also never require any reserve funds to be withheld from the merchant payout.
Rolling Reserve. More good news from the Credit Card Companies:
“…we deduct 5-10% (depends on business type) for holdback fund. Holdback fund returned to you within 6 months. Typical holdback is 5-10% for 180 days. Once the 180 days has expired, the funds will be released back to your account. The fund is calculated and withheld for every payout period.” *http://www.gspay.com
Since all Digital Gold transactions are settled immediately, 100% of all transaction value is immediately available to the Crowne Gold Account holder (the merchant). There is no reason to have a ‘reserve’ account (No chargebacks mean no fraud)
High Risk Accounts
“Certain business types may be excluded from the rates shown on this page.” *http://www.goemerchant.com
The discount rate is the percentage of each transaction that the credit card processing company charges to complete your customer’s transaction. High risk businesses may have to pay much higher rates. Digital Gold companies such as Crowne Gold do not differentiate between adult products, online gambling or bible sales. The Digital Gold company’s fee structure is the same for each account and high risk businesses are generally welcome.
With credit card merchant accounts, you will find lots of statements like this one, “Credit Card funds are automatically deposited into your US merchant bank account within days generally 48-72 hours.” However, some CC companies will take up to 45 days for charges to appear as cash in the merchant’s account.
Digital Gold is available instantly with each transaction. There is no waiting, clearing or additional processing. All paid funds are cleared funds! No credit or borrowing can be accomplished using Crowne Gold.
We Googled “online merchant account” plus “high risk merchant account” and found these popular Merchant Account options in the first couple of result pages.
(see chart-01)
Credit Card Transaction Fee – The fee charged by the payment gateway for each credit card transaction and for each batch settlement processed for the account. The credit card transaction types that the per-transaction fee is charged for include: authorizations, captures, refunds, and declines.
(see chart-02)
Gateway Monthly Fee – The monthly fee charged for a payment gateway account.
(see chart-03)
Using a Digital Gold account, there is no ‘Gateway’ and consequently, there is never Gateway fee. Also, all credit card transactions charge, on top of their Discount Rate, an additional per transaction fee on ALL transactions even if a sale was not completed you are still required to pay this fee.
We found a common statement on most credit card merchant web sites similar to this one, “…can only process transactions in US Dollars, and we do not facilitate any currency conversions.”
In total contrast to a credit card account, all digital gold transactions are denominated in gold by weight. At the time of the transaction, an amount of gold specified by grams or Troy ounces is transferred from one account to another. It does not matter where the buyer and seller are located or what currency is their local choice, there is no currency conversion required. An amount by weight of gold moves from one account to another. At any time, the owner of a digital gold account can use the account administration area to easily calculate the value of their gold holdings in generally any of the popular world currencies.
Along with much lower fees and costs, digital gold offers easy entry for users, no chargebacks and immediate payment.
Every digital gold account is a merchant account there are no special approvals are needed. Open a Crowne Gold account and within minutes you may begin accepting online payments. No credit check, high risk accounts are welcome and Crowne invites both customers and merchants from around the globe without any major restrictions.
