First do the
Pre-Application check
above. Admin will revert with a "Initial Yes" or "NO"
based on the info provided along with the TMX merchant
agreement (credit cards pay option is
done directly with bank-
read more);
Submit the TMX merchant agreement
and relevant support documents for
processing and risk assessment. (This
usually takes from 24-72 hours to complete. Any external
approvals might take longer.);
TMX will then email you
any final approval rate offering for your acceptance;
Once the TMX merchant
agreement was processed and you accepted the final rate
and terms offered, open your free
international merchant account
online
here(if not done already);
Now check your inbox and
confirm your email address to have your TMX online account
activated;
Login to your account. You can receive payments by email
or through the other payment options on the system. Go to Merchant Tools on the menu bar. The
Shopping Cart Interface (SCI) solution offers 2 payment solutions, from a simplistic and easy to use
shopping cart direct to checkout.
Note: Use the
IMS to generate an online invoice for
phone and email type orders!
The TMX pay flow process is similar to you receiving money
to your bank account. Money gets send to the bank which then
credits it to your account with them. Same model used at
TMX.
This payflow process is very
imporant to understand. It means that ALL
payments made comes to TMX and is then credited by the
system to your TMX merchant account in real time. TMX is
therefore the receiver of payments and does not act as a
"gateway" or "processor"
Why is this important to
understand?
It means TMX as the receiver of ALL
payments, will only credit the TMX merchant
account after the payment was actually received
(with a "completed" status on your
account);
It means TMX is not acting as a "pay processor" or
"gateway" for any payment.
Payments can be made through the various 3rd party
gateways integrated on the TMX systems;
It further means, as TMX is the receiver of
ALL payments, that TMX does not decline or
reject any such payments. Payments can only be declined
or rejected by the 3rd party gateway(fraud
scrubbing) or the payer card company or bank
etc.
As a value added service, TMX does assist customers
in investigating why a payment got declined by any of
the above gateways.
TMX Recurring Pay
(regular and instant repeat payments
to your TMX account- FREE!)
TMX Mass
payment service. Pay up to 1000 members simultaneously.
FREE!
TMX Gateway pay options
Depending on the merchant's MCC
clasification, different pay options from different gateway
providers will be available on the account.
Credit
Cards- Cards offline currently! Master and Visa: TMX members will be allowed to make Master and
Visa deposits onto their TMX accounts and then pay it
over to any merchant member(free
payments for the sender member). This is not
available for direct payments from a merchant website though.
UKash Vouchers
- Instant Cash
payments! No Chargebacks, No refunds.
Purchase vouchers from varous retail
outlets in the below countries
eChecks(US bank
account holders) - takes from 6-72 hours
to approve depending on the US bank used
Direct Bank
Transfers (Latin America)- same day
settlement in most cases!
*new:
Customers can now pay with their own online bank-
Instantly! TMX integrated various interbank pay networks
to facilitate such payments-
anyone with
online
internet banking facilities in any
country, can now pay directly from
their online bank account;
or customer
can make the payment/deposit at their local bank branch;
get paid anytime 24/7(even over weekends);
payments from the
countries
listed
below are settled
instantly(within a few seconds up to 12 hours);
no need for
customer to disclose sensitive personal information
anymore. No card fraud ever again!;
no chargebacks
and lower fees than typical credit cards, therefore no merchant terminations
related to high chargeback ratios
anymore;
customer can now pay in their local currency.
Merchant receives the full value of cart currency;
3 types of bank payments:
INSTANT, DOMESTIC and FOREIGN. These are settled within a few seconds
up to 96 hours. It depends on
the
payer bank location. more below
Countries covered
for instant bank payments:
Australia, Austria, Argentina, Belgium, Brazil, Colombia, Peru, Uruguay,
Chile, Mexico, China, Czeck Rep, Slovakia, Denmark,
Estonia, Finland, France, Germany, Hungary, Ireland, Italy, Latvia,
Lithuania, Norway, Panama, Poland, Spain, Sweden, The Netherlands,
Turkey, United Kingdom. *Payments
from certain banks might take a little longer to
clear!
read more about the
various gateway service providers
here
compare the risk
exposure levels of these pay options
here
The following description will
clarify the Member types:
A "Verified Member"
is defined as any Existing Member who has
fulfilled our
KYC
verification criteria
pertaining to the respective account opened. Account
will have an account type status indicated by a (V) in
brackets. Example: Personal (V).
An "Unverified Member" is a user who has not yet
fulfilled any KYC verification requirements pertaining to
the account requirement criteria. Account will have an
account type status indicated by a (UV) in brackets.
Example: Personal (UV). The account has higher
processing rates due to the high risk profile of the
Member. Note: UnVerified Merchant accounts, may not have
any access or have limited processing access to the use
the SCI or gateway services.