VPay

The Future for Payments.

	VillageMall® provides an Internet based payments gateway service that supports the buying and selling of goods and services over the Internet. Vpay® can also accept payments through an automated IVR, Call Centre or Mail Order Telephone Order (MOTO) system providing a simple, cost effective way to enhance your e-Business strategy.
	In addition to quick and efficient credit card payments, you can also take advantage of the store credit feature. Vpay® is supported by VillageLedger, general accounting, enabling Merchants to improve their Customer management capabilities.

- Your Account Collection Solution

Benefits and Merchant Support
How does VPay® work?
What are VPay® fees ?
How to apply

VillageMall understands the importance of cash flow and account collection to your business. To streamline this aspect of your business VillageMall now offers VPay®, Australia's first centralised bill collection scheme, for small business.

Vpay® Services:

VPay® should be a part of any low cost, high quality collections strategy. By offering your customers VPay® as a payment mechanism VillageMall can collect payments on your behalf, enabling you to divert resources to more productive aspects of your business. Online DEMO....

A unique concept in electronic bill paying. Vinvoice will allow a Merchant to maintain a list of clients that also use the internet and send them an invoice by e-mail that meets the legal requirements for an invoice. The only difference is that these invoices contain a link that will take the client to a VillageMall Vpay online Credit Card verification system. Vinvoice is integrated into VillageLedger. Online DEMO....

Provides support for Mail order, telephone order, processing via Vpay online credit card verification service.

VPay® gives your business the opportunity to accept payments electronically from credit cards. Payments are validated by the paying Bank thus ensuring receipt of cleared funds.

Your customers demand convenience. VPay® has been created to meet this demand and will benefit your business in the process.

Benefits to your business

validated payments received as cleared funds
payments collected from credit cards
interface with VillageLedger accounts receivable software
reduction in manual processing tasks

Benefits to your customers

secure payment without need to give you account number or credit card information
flexibility of payment by phone or internet, 7 days a week, 24 hours a day
electronic receipt and confirmation on bank statement

Merchant support

VillageMall can provide assistance in the marketing of VPay® to your customers

How does VPAY® work?

VPay is internet banking, with the general method of use being as follows:

The Business issues bill/invoice displaying VPay® logo, and Merchant Code.
The customer contacts VillageMall via the internet, and keys in Merchant Code, Invoice Number, a mount to be paid, and credit card details.
VillageMall validates the payment and issues customer with a receipt number.
VillageMall processes payment details and value to VillageBank via EFTPOS payment gateway. Transactions are collected daily with value processed as cleared funds same day, or overnight, into merchant account.
VillageLedger processes transaction details in real-time, you confirm via bank reconsolidation.
VillageMall transfers cleared funds to your Business's bank account.

What are the VPay® fees

Item	Fee
Initial Connection to VPay®	NIL to Village Merchants
VPay® Transaction Fee	1%
VPay® Monthly Fees	NIL to Village Merchants
Bank Merchant Transaction Charges	See VillageBank
Bank Merchant Application Fee	NIL to Village Merchants

Note 1: Charges are subject to change, and detailed within our product disclosure document..

	VPay® should be a part of any low cost, high quality collections strategy. By offering your customers VPay® as a payment mechanism VillageMall can collect payments on your behalf, enabling you to divert resources to more productive aspects of your business.	Online DEMO....
	A unique concept in electronic bill paying. Vinvoice will allow a Merchant to maintain a list of clients that also use the internet and send them an invoice by e-mail that meets the legal requirements for an invoice. The only difference is that these invoices contain a link that will take the client to a VillageMall Vpay online Credit Card verification system. Vinvoice is integrated into VillageLedger.	Online DEMO....
	Provides support for Mail order, telephone order, processing via Vpay online credit card verification service.