October
10, 2002 * Instant Real Time Credit Card Payments for Indian
Exporters
Exporters
of Indian products and services now have a new and unique
avenue for the collection of their export proceeds. CCAvenue
can enable any Indian exporter to accept credit card payment,
through Visa, MasterCard, American Express, Diners Club &
Citibank E-Cards, from overseas buyers via the Internet.
With CCAvenue's "Collect Bill Payment" pre-configured and
customized Internet enabled software, exporters can send an
electronic invoice to their buyers by email, with a specifically
embedded, tamper proof, payment link, which when clicked by
the foreign buyer, will prompt him to enter his credit card
data directly on a Verisign secure SSL page, provided by Citibank
N. A and ICICI Bank Limited. The buyer can then enter his
choice of credit card i.e. Visa, MasterCard, American Express,
Diners Club or Citibank E-Cards; get real time confirmation
of the success of the transaction as well as an email from
CCavenue.
Indian exporters who exhibit abroad, can now process secure
real time credit card transactions anywhere in the world,
with guaranteed payments back home in Indian Rupees. The CCAvenue
VIRTUAL TERMINAL is a pre-configured and customized software
that can be kept continuously on during the trade fair hours,
so that trade visitors and customers both can purchase products
from the exporters stall and pay for them using their Visa,
MasterCard, American Express, Diners Club or Citibank E-Cards;
get real time confirmation of the success of the transaction
as well as an email from Ccavenue. The software also generates
an invoice for each transaction, which can be printed or sent
by email to the customer.
This greatly improves the exporters scope of sales as well
as reduces their risk of having to carry back and or exchange
vast sums of foreign currency. The system also maintains online
accounting, allowing the exporters head office to instantly
monitor the exhibition sales performance remotely in real
time. CCAvenue processes a scheduled weekly payment by an
INR cheque to the designated account and office of the exporter
in India. Exporters will also be eligible for a certificate
of foreign inward remittance (F.I.R.C.) on a quarterly basis
for all their overseas credit card transactions.
All that is required is access to a PC / laptop computer with
Internet connectivity and an account with Avenues (I) Private
Limited (www.ccavenue.com).
The RBI has clarified through various notifications that payments
received by exporters from a foreign buyer via a Credit Card
are an acceptable form of foreign inward remittance. The RBI
has further clarified that the foreign buyer need not be on
a visit to India, for such payments to be received.
CCAvenue.com
has priced its exporter services to suit the needs of both
small and large organizations.
a)
Economy Account: This account type has specially been
created for low transaction frequency exporters who are testing
the waters. A one-time integration fee (non-refundable) of
Rs 5,000/- is charged and each credit card transaction bears
a discount rate of 7%. An annual software upgrades charge
of only Rs.1200/- payable on 1st April, every year, is also
applicable.
b) Premium Account: This account is preferred by established
Exporters who have or expect to have a large number of Internet
transactions. A one-time integration fee (non-refundable)
of Rs 20,000/- is charged and each credit card transaction
bears a discount rate of only 5%. An annual software upgrades
charge of Rs.2400/- payable on 1st April, every year, is also
applicable
About
CCAvenue
Established in the year 2001and headquartered in Mumbai, India,
CCAvenue provides turnkey e-commerce solutions to hundreds
of e-merchants across India. CCAvenue is the preferred Indian
payment-processing service for e-commerce, providing server-based
payment solutions, enabling merchants to process secure transactions
in real time, 24 hours a day. The company's service is powered
by proprietary technology that integrates online payment processing,
fraud control, financial reporting and tracking. CCAvenue's
Payment Solutions process credit cards and net banking transactions
and work with any business model, including Internet call
centers and retail. CCAvenue has also formed strategic alliances
with leading financial institutions and technology partners
to deliver the most comprehensive online authorisation and
processing services available to Indian eMerchants. CCAvenue,
today provides turnkey e-commerce solutions to more than five
hundred e-merchants across India including major portals belonging
to Union Ministry of Information Technology, I.L. & F.S.,
Baidyanath Group, Vakils, Kalnirnay, Oxford Book Store, IndiaInfo.com
and the Shree SiddhiVinayak Ganapati Temple Trust. CCAvenue's
secure, complete and leading-edge payment services maximize
growth at every stage of a merchant's business lifecycle.
For more information about CCAvenue, visit the company on
the world wide web at www.CCAvenue.com
or call (022)-26000816/46 and 26491524.
|
