| Danial Norjidi |
LOCAL entrepreneurs and companies in need of an online payment platform may well find just what they need with Baiduri Bank’s Merchant Suite.
Merchant Suite, under the care of Business Banking Unit, is a secure and affordable hosted payment solution geared towards benefiting local SMEs and small start-up businesses to accept and process online card payments with minimal implementation effort and without the need to build an expensive website.
The whole idea with Merchant Suite is to offer companies a platform through which they can take their business online easily. Baiduri launched the service last August, with an eye towards helping further support local SMEs with their entrepreneurial and business endeavours.
As the bank highlights in a brochure, “Whether you run a business from a traditional shop or use social media channels like Instagram and Facebook, it is an advantage to provide your customers with easy online card payment options.”
Clik here to view.
Customer seen using Merchant Suite website. – DANIAL NORJIDI
“Often, that means having to build an expensive website. Not anymore,” it is stated. “Merchant Suite provides your business with a secure and reliable card payment channel as well as other digital features to help manage your billings and receivables.”
Through Merchant Suite, companies can enable their customers to pay for their purchases using credit, debit or prepaid cards 24 hours a day, seven days a week, through a secure hosted payment page that can be customised with the companies’ own business logos.
Another of the features comes in the form of e-Invoices. Companies can create and email invoices to their customers, which they can easily pay online with a simple click. Companies can issue e-receipts and check online at any time to track outstanding invoices and send e-reminders.
Merchant Suite also allows companies to view and manage customers. No more hassle of paperwork and files when you can access your customers’ details that are securely stored online. It also allows companies to trace historical patterns and map behaviours to better manage customers.
Global security standards account for another of Merchant Suite’s strong features. Companies can leverage on the power of Merchant Suite through a stable security infrastructure and business processes, which comply with international ISO standards.
Merchant Suite complies with the globally recognised PCI-DSS (Payment Card Industry Data Security Standard). PCI-DSS requires stringent security standards during processing and transmission of cardholder data, thereby assuring the users of better protection from credit card data leak.
In addition, convenient on-the-go payment options are available through any Internet enabled smart device, including computers, tablets and smart phones.
Convenience is a major component of Merchant Suite. For example, when posting on Instagram a certain product, a seller can include a link that takes customers straight to the payment page where they can input their necessary card details and make an instant online payment.
It allows for companies to receive online payments from any credit or debit card bearing the Visa, MasterCard or American Express logo both in Brunei and from overseas.
Merchant Suite is available in four packages, each offering different benefits and charges on activities (activities refer to online transactions processed using the Merchant Suite solution).
The Bronze package, suitable for start-up businesses, allows for 100 free activities, while a fee of US$0.60 per extra activity and along with an annual fee of US$60.
The Silver package is suitable for small businesses, and comes with 300 free activities, and a fee of US$0.40 per extra activity, at an annual fee of US$120.
Next is the Gold package, which is targeted at established businesses, offering 1,750 free activities, with a fee of US$0.35 per extra activity for an annual fee of US$500.
Finally, the Platinum package, which is aimed at large businesses, offers 4,000 free activities, and the fees per extra activity are US$0.23 (4,001 to 50,000 activities) and US$0.20 (50,001 to 100,000 activities), with an annual fee of US$1,000.
A promotion is currently on offer, where those who take up the Merchant Suite Silver package can enjoy a first year annual fee waiver (worth US$120), limited to the first 180 sign-ups.
Merchant Suite Pty Ltd is an Australian company that provides business solutions relating to online payment options. Over 20,000 businesses worldwide use this payment channel that has won multiple innovation awards in Australia and internationally. The Merchant Suite platform is powered by Premier Technologies and has been in partnership with MasterCard Worldwide since 2007.
The post Merchant Suite – an affordable online payment solution for companies appeared first on Borneo Bulletin Online.