Legal accounting: Difference between revisions

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=Barion accounts and bookkeeping=
=Barion accounts and bookkeeping=
Barion runs electronic money accounts for merchants, in multiple currencies. Payments are credited to these accounts, in the appropriate currency. Depending on the country of origin, you, as a merchant, may be mandated by law to include the account information in your books.
Barion runs electronic money accounts for merchants, in multiple currencies. Payments are credited to these accounts, in the appropriate currency. Depending on the country of origin, you, as a merchant, may be mandated by law to include the account information in your books. Please consult a professional with experience in the field of accounting electronic money, such as PayPal.


=Immediate payment=
=Immediate payment=
Payments are credited to your account immediately after payment is made, so prepare invoices and do bookkeeping accordingly.
Payments are credited to your account immediately after payment is made, so prepare invoices and do bookkeeping accordingly. Many payment service providers credit payments at a later time, usually in batches. Your legislation might require some action, such as creating an invoice, upon arrival of funds. Please consult a professional with experience in the field of accounting electronic money, such as PayPal.


=Europe wide license=
=Europe wide license=
Barion Payment Inc. is an Electronic Money issuers, licensed by the Central Bank of Hungary, based on the Electronic Money EU Directive (2009/110/EC).  
Barion Payment Inc. is an Electronic Money Issuer (EMI), licensed by the Central Bank of Hungary, based on the Electronic Money EU Directive (2009/110/EC).  


*License id: H-EN-I-1064/2013
*License id: H-EN-I-1064/2013
*Institution id: 25353192  
*Institution id: 25353192


=PCI DSS=
=PCI DSS=
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Barion is PCI DSS certified. Since you, as a merchant do not handle cardholder data, PCI DSS certification for merchants using Barion payment is not mandatory.
Barion is PCI DSS certified. Since you, as a merchant do not handle cardholder data, PCI DSS certification for merchants using Barion payment is not mandatory.
For more information, visit:
*https://en.wikipedia.org/wiki/Payment_Card_Industry_Data_Security_Standard
*https://www.pcisecuritystandards.org/

Latest revision as of 09:19, 6 February 2017

Legal and accounting information

Barion accounts and bookkeeping

Barion runs electronic money accounts for merchants, in multiple currencies. Payments are credited to these accounts, in the appropriate currency. Depending on the country of origin, you, as a merchant, may be mandated by law to include the account information in your books. Please consult a professional with experience in the field of accounting electronic money, such as PayPal.

Immediate payment

Payments are credited to your account immediately after payment is made, so prepare invoices and do bookkeeping accordingly. Many payment service providers credit payments at a later time, usually in batches. Your legislation might require some action, such as creating an invoice, upon arrival of funds. Please consult a professional with experience in the field of accounting electronic money, such as PayPal.

Europe wide license

Barion Payment Inc. is an Electronic Money Issuer (EMI), licensed by the Central Bank of Hungary, based on the Electronic Money EU Directive (2009/110/EC).

  • License id: H-EN-I-1064/2013
  • Institution id: 25353192

PCI DSS

The Payment Card Industry Data Security Standard (PCI DSS) is a proprietary information security standard for organizations that handle branded credit cards from the major card schemes including Visa, MasterCard, American Express, Discover, and JCB. The PCI Standard is mandated by the card brands and administered by the Payment Card Industry Security Standards Council. The standard was created to increase controls around cardholder data to reduce credit card fraud.

Barion is PCI DSS certified. Since you, as a merchant do not handle cardholder data, PCI DSS certification for merchants using Barion payment is not mandatory.

For more information, visit: