CYBERSPACE – YNOT Payment has entered the gateway processing space, offering merchant accounts with per transaction rates that are an “industry low,” according to YNOT Payment president Bob Rice, better known as YNOT Bob.Rice described V2 as the “ideal billing solution,” a characterization he said is based on far more than the just low transaction rates.

“The admin interface is second to none,” Rice said. “You can see every detail about every transaction, and view things in real time, the second they happen.”

Rice also noted that YNOT Payment clients can use their own personal descriptors for the transactions, “another huge advantage,” he said.

Rice says YNOT Payment is similarly top-notch where risk management is concerned.

“We use CyberSource for fraud control,” Rice noted, “which is the only one that works in real time Visa and Mastercard. 150 different variables are used to determine the strength and viability of each transaction – so it’s pretty intense fraud scrubbing.”

Even so, it’s the low rates that will likely grab the attention of most merchants.

“The third party processors charge as much as 14%,” Rice said. “Well, with your own direct merchant account, you can pay fees as low as 7.5%, or even lower. Do the math.”

Rice said that version 1 of YNOT Payment, an e-wallet solution, will continue to be supported – “V1 is still alive and doing great,” Rice says – but the company will not be setting up any new clients on V1.

For more information, including documentation demonstrating YNOT Payment’s impressive admin interface, contact Bob at 619.303.1255, or via email at bob@ynot.com.