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- Click here to view the list of all supported payment systems.
1. Merchant accounts and Gateways
There are two actions in setting up credit card facilities for your shopping cart through a bank. You will need to apply for a Merchant Account and a Payment Gateway.
What is a Merchant Account?
In order to accept credit card payments for your online store, you are required to apply for a merchant account. This is done through a bank of your choice and generally takes up to five working days. A merchant account will give you the ability to receive a credit card payments and deliver the money into your bank account.
What is a Payment Gateway?
The final piece to setting up a merchant account to accept online payment is the gateway.
A gateway will authorize and validate credit card payments while the customer is still online. These gateways provide a walkway from your shopping carts checkout to a different modem channel to check the credit card status in real-time, a very complicated process if you were to do it on your own from step one.
- Click here to view the list of all supported payment systems.
2. Third Party Payment Processors
A third party payment processor is an independent company which can process your credit card payments without a merchant account and gateway. They cut out the need to deal with a bank. Some examples of third party companies are PayPal and WorldPay. These are all accepted by Ashop Commerce shopping carts.
PayPal has a complete integration with Ashop Commerce with access to manage refunds, reports, transaction searches and affiliate mass pay all directly from your admin panel without logging into PayPal. You also have the option of using either PayPal's standard checkout, express checkout or website payments direct (seamless integration for US customers only at this time)
You will save money on monthly fees from both a merchant account and gateway but your transaction fees will be higher, generally by more than 2% depending on the company you choose. The third party will accept most major card types and you will receive the funds in a nominated account within one to two day's on average.
Fees: An example: Set up Fees from 0 plus transaction fees of from 2.2%
Ashop Commerce shopping cart software is compatible with both your Merchant account and third party payment processors. If you choose to use PayPal or WorldPay, the end result will generally lower costs. We suggest if you are looking to grow your company quickly, you have both a merchant account and third party processor set up, this will give your customers a good selection when purchasing.
- Click here to view the list of all supported payment systems.
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