Merchant solutions and facilities
At BRED Bank Vanuatu we offer a variety of merchant solutions designed to meet your daily business needs.
BRED Bank Merchant facilities
E commerce – Payment Gateway
This facility allows you to accept payments on your website from using BRED cards as well as Visa and Mastercard.
Payment can be accepted in VUV, USD, AUD, EUR and NZD into your accounts here at BRED Bank (not offshore!). We recommend you link the currency of payment to the same account currency, for example VUV payments to a VUV account and AUD payments to an AUD call account.
Payments are cleared in 3-4 working days and we have a specific screen which allows you to log on and see real time status of all payments.
Integrating our Ecommerce payment gateway with your website is easy and can be done quickly at low cost.
Merchant Facilities
BRED EFTPOS
EFTPOS (Electronic Funds Transfer at Point of Sale) allows you to accept payment for goods and services when the cardholder and the card are both present. This is currently under development. Please check with our friendly staff for updates.
Standing (Order) Instructions
allows your business to make payments for a range of purposes (i.g wages, salaries, rent, dividends, creditors, suppliers) in a straightforward manner. Direct debit facilitates payment for goods and services via a prearranged direct debit from an account.
Bill Payment
Our bill payment solution allows you to accept payment for goods and services via BRED (Vanuatu) Limited branches from BRED customers who are also your customers. It also allows you to accept payment online from your website.
BRED Bank Merchant facilities
EFTPOS fees and benefits
- No establishment fee
- No installation fee
- No terminal rental fee
- No annual fee
- No EFTPOS Roll charges
You have a choice of processing each payment in VUV, AUD, USD or EUR according to what you select at the time (if you have requested the option of multiple currencies when first applying).
Connection
Our terminals can use your internet connection (with a fixed/static IP address) or a landline. Where there is no landline or internet available we can provide a terminal using GPRS technology (i.e. has SIM card using TVL or Digicel mobile network).
The preferred option is internet given lower communication costs as well as being faster and reliable, but that all depends on your needs.
(NB: both Digicel and TVL will provide a fixed/static IP address for VU 1,000 per month in addition to your normal internet charge).
Card types
Merchant facilities and EFTPOS accepts Visa Card, MasterCard and the BRED Smart Card .
With all cards you can process payments in VUV, AUD, USD or EUR according to what you select at the time (if you have requested multiple currencies when first applying).