ePay is considered as an online payment solution provider via credit card. It is an eWallet with which one can pay utility bills or transfer money online.
They allow establishing a better payment relationship with webshop owners and customers.
The company aims to become the leading distributor and processor of electronic payments in the world.
At present, ePay process 1.18 billion transactions with a face value of approximately $11 billion annually.
Their products include prepaid debit cards, e-wallets, mobile top-up, gift cards, lottery, bill payment and money transfer supporting the roadmap of new e-payment in the market.
eBay got established in 2001
In 2001, ePay came in the market with the efforts of four young internet entrepreneurs. They planned to introduce a payment solution for online businesses encouraging small and independent webshop owners.
They took over the advantage of marketing trends in that period because not even a single big supplier was introduced or had experience with the payment system on the
Now its more than 10 years and ePay is steadily expanding its business and staff.
ePay is headquartered in Norway and is among the largest payment service providers in the Nordic region.
Four young entrepreneurs are still heading the company becoming valuable business partners to both small and large international companies.
How ePay works as an online payment solution?
epay helps out in making complex business payments simple, secure and smart. With its eWallet, one can go for payment of online bills by just making a sign up to the ePay account.
Among its services, they offer money transport and transfer, mobile top-ups, gift cards, bill payments, calling and prepaid cards by ePay account linked to credit or debit card or bank account.
They connect links between the largest retail chains and the brands in the field of e-payment. At present they are serving in over 39 countries worldwide.
Can we trust ePay for the transaction process?
Yes, we can trust ePay for the transaction process because they keep safety and security as their priority in business.
They manage out very well the security, easy integration, transparency and customer support while one is making online payments.
ePay as a Danish company has to went through various stringent security requirements to keep its customers safe while shopping. To do so they are certified with the highest level of the PCI standard that complies with over 200 security controls.
These above-mentioned standards must be met by the company to launch its business in e-commerce as the credit card information is sensitive and it's in companies' hands to store and transmit it safely.
Is ePay legitimate?
eBay is offering legitimate services since 2001. The company is equipped with the latest web technologies that guarantee safer payment solutions.
They keep a monitoring check on their systems 24 hours a day with an external backup system that doesn't let them lose important information. Even they encrypt the communication regarding card details and money.
eBay team keeps an eye on the communication so that no external break can happen in it. FortConsult also monitors the companies system to look for security breaches and to execute a full attack once in a year to hack in the system thus ensuring the highest level of security.
How much does ePay cost?
eBay charges a sum of $99 as an application fee per bank account. This cost is a one-time sign-up fee.
Their incoming payments by EFT/eCheck cost $1.00 per transaction whereas the outgoing payments cost $.50 per transaction. By using a credit card or debit card, ePay charges 2.95% of the total transaction cost.
eBay offers the best service by cutting out 70% of the time which is mostly spent on processing payments. Its online portal allows you to pay rent online from any laptop, computer and mobile device.
Even one can go for automatic or one-time recurring payments through savings or checking accounts.
With bank account linked to ePay, one gets the approval for a merchant account that allows EFTs to be deposited to and withdrawn from a bank account.
ePay in news
ePay has currently launched EPAY-X in November 2019 featuring zero fees on loading via USD, EUR, GBP, Litecoin and Bitcoin through a new type of crypto debit card.
This process has made easier the spending of cryptocurrency online by letting its users spend anywhere.