PORTFOLIO SOLUTIONS

ONE-SHOT (SINGLE) PAYMENT


We support the acceptance of all of the most commonly used cards. You will no longer lose customers due not being able to accept a card, which will increase your turnover.

The authorization is the process of the approval of a debit by the cardholder's bank account. In this scheme, customer will receive a one-payment requirement. In the course of the authorization process, it is checked if the card is valid and if the card limit is still enough for the planned transaction. The fees charged for this are known as authorization fees.

INTEREST-FREE INSTALLMENTS


According to a study by AMIPCI (The Mexican Internet Association), about 6 out of 10 ecommerce buyers would prefer to make an online purchase that offers interest-free installments, over a discount or free shipping. Besides making it more affordable for customers to purchase your products, companies can easily increase their sales by offering the widely popular, interest-free installments as a promotion.

YOU RECEIVE ONE PAYMENT IN FULL


When someone purchases in interest-free installments, the seller receives the full amount of the purchase from the bank. The bank will charge the full amount to the customer’s credit card and then customer will be responsible for paying the fixed installment amount to the bank over a period of 3, 6, 9, or 12 months. The bank charges a small fee on installment transactions that the seller can either assume or add to the final purchase amount for the customer to bare.

RECURRING PAYMENTS


Recurring payments that allow businesses to accept credit and debit card payments for any type of content subscription or products billed periodically. We can create multiple subscription plans to meet customer needs and streamline their cash flow with customizable subscription templates.

CARD READER (POS)


It is a payment terminal, also known as a Point of Sale (POS) terminal, credit card terminal, is a device which interfaces with payment cards. The terminal consists of a secure keypad (called a PIN pad) for entering PIN, a screen, a means of capturing information from payments cards and a network connection to access the payment network for authorization. You can either have an all-in-one card reader or turn your cellphone into a point-of-sale with a card reader.

ECOMMERCE SOLUTIONS


We empower businesses with E-commerce merchant account solutions; our experience speaks that payment gateways help driving business success. Our payment gateway is an e-commerce application that uses a secure internet connection to process credit card payments, verify and accept or decline credit card processing on behalf of e-commerce merchants. To ensure that the transaction information is passed securely between the customer and the merchant, Elite Pay gateway encrypt sensitive or critical information such as credit card numbers.

As online shopping involves anonymity and distance, we use advanced verification and encryption technology to ensure legitimated transactions between payment portals and the front-end processor or acquiring bank.

BENEFITS OF ELITE PAY GATEWAY SERVICE

  • Accept online payments for your e-commerce business.

  • Accept multiple payment methods and currencies.

  • Process payments safely by ensuring the security of payment details.

  • Avoid unauthorized payments with fraud protection safeguards.

  • Quickly handle customer refunds and returns.

Today, the discernment of long-term trends is a highly uncertain exercise due essentially to the speed of the changes inherent, or related, to the ongoing digital transformation, with its apparently unending expansion of the boundaries of possibility. The usability of new payment solutions is the subject of a good part of the providers' efforts in innovation, along with the handling of the transition from analogical to digital, from 'old' to 'new', from physical to virtual, and the coexistence of the two.

Critical to success across any specific country is localization of both marketing and payment methods, which will improve both authorization rates and customer experience.

While some payment methods are recognized internationally as debit and credit cards, others are specific to certain geographic areas. Discover below the specific payment methods for Brazil, Mexico and the United States and adapt your strategy by building the most appropriate payment method.

BROCHURE


TODO EN UN MISMO CANAL

COMPETITIC COMMISSIONS

PERSONALIZED REPORTS

TRENDS IN PAYMENT INSTRUMENTS


MÉXICO
Based on an overview of cash in commerce, Central Bank (Banxico) suggests that, cash is still the leading payment method at the checkout with a 95% preference for personal expenses such as transportation, food and pantry, while 8% prefer debit card, 4% credit card and a similar percentage uses pantry vouchers.

With all the talk around payments innovation, Elite considers that now is the time to look further, envision the personalization of payment methods for customers and increase conversions, while unlocking the data potential for all involved parties.

Hiring an electronic terminal is still a difficult decision, since banking institutions require to cover a minimum billing which will represent an expense more than an advantage if such amount is not reached. However, banks are starting to understand that their competitive position is about to change followed by innovative FinTech business models that are leading the path of disruption.

Banks and FinTech companies complement each other. Banks bring their credibility, high security standards, and a strong customer base, and FinTechs come with the latest technology, a great user experience, and the agility to respond to changing market trends. Despite predictions that FinTechs will disrupt the banking industry, what we see in practice is that they act as enablers for financial institutions. We’re witnessing an evolution, rather than a transformation, of business models and market approaches. This is exactly where Elite wants to be, we wanted to keep it simple and safe.


NORTH AMERICA
The developed economies of North America offer a study in contrast when it comes to payment preferences. North America is corporate home to global innovators in payment technology, retail, and financial services. Comparably affluent and savvy US and Canadian consumers demand the latest in secure and convenient payment methods. Yet the pace of progress toward contemporary technologies like eWallets is tempered by mature technology infrastructures, habits, and preferences established over generations. Entrenched payment habits are proving resilient in this mature market both in-store and online.

Credit cards remain the undisputed champion of consumer payments in North America. Credit cards dominate as the method of choice both online and at the point of sale. The North American consumer is heavily banked—the US Federal Reserve estimated the unbanked share of Americans fell to just 5% in 2017 —so unsurprisingly, debit cards remain a strong preference with 34% of spend at the point of sale and 19% share online. Taken together, card-based* payments represent almost three-fourths of point of sale spend and over half of eCommerce volume

Despite the proliferation of many new payment options globally, POS spend in North America remains overwhelmingly dominated by cash, credit, and debit. The near-universal acceptance of card payments and the ingrained habits of generations have proven difficult to break. Cash remains formidable at the POS, yet its
use continues to drop. The ease and convenience of contactless payments is driving the decline of cash, as are alternative options such as eWallets

Consensus projections see the North American eCommerce market growing at a healthy sustained rate of between 9% and 10% annually through 2022. Challenging headwinds remain, however, notably concerns about fraud and the overall convenience. Fear of fraud and inconvenience are among the top reasons that consumers avoid online shopping. Payment methods of the present and future that can thread that needle to offer both greater security and greater convenience will be well positioned for success.

North America is coveted for its consumer spending power and will continue to present a highly competitive and lucrative market. Looking to the next five years for the North American market, we expect the use of cash to drop by about 5% at the point of sale. The majority of that spend will migrate to eWallets, which we project will more than double in POS share by 2022. On the eCommerce side, our research suggests that eWallet adoption will surge in North America and move towards the global average in the next five years.