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How it works

mycropay® utilizes the Internet to access, process and transmit payment transaction related data.  Bypassing the traditional access networks provides added efficiency, lower costs, improved performance and enhanced data availability.  mycropay® "talks to" various credit and debit card authorization networks, check processing systems to verify, validate, authorize and submit transaction related data throughout the world. mycropay® is able to verify: 

Bullet Card validity
Bullet Funds availability
Bullet Cardholder address information
Bullet Card verification value (CVV) 2 and card validation code (CVC) 2 data
Bullet Credit and partial credit capabilities


Additional proprietary features developed to assist merchants include:

Bullet Transaction risk modeling
Bullet Velocity controls (controlled transaction limitations)
Bullet Real time on-line transaction related data and reporting
Bullet Historical transaction data and reporting

Authorized transactions are automatically submitted daily by mycropay® to the settlement processor for settlement into the merchant’s bank account.

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