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How to set up an online payment form
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How to set up an online payment form

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This presentation from PaySimple discusses how to create an online payment form in-house versus using an outsourced solution, and speaks to the advantages of each method.

This presentation from PaySimple discusses how to create an online payment form in-house versus using an outsourced solution, and speaks to the advantages of each method.

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    How to set up an online payment form How to set up an online payment form Presentation Transcript

    • How to set up an online payment form
      paysimple.com | follow @PaySimple | facebook.com/paysimple
    • Outsourced solution
      vs.
      In-house solution
      How to set up an online payment form
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • Outsourced Solution: Advantages
      Simplicity
      Security
      Guidance
      No website required
      Low upfront costs
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • Outsourced Solution: How-To
      Research your options
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • Research your options
      Things to consider:
      Setup fees
      Funding practices
      Direct to bank account?
      Duration?
      Monthly service fees
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • Outsourced Solution: How-To
      Research your options
      Set up your merchant account
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • Set up your merchant account
      Dependent on which solution you choose – not all are merchant accounts are compatible with all solutions
      Merchant accounts require underwriting
      Your third party software provider can help to provide direction
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • Outsourced Solution: How-To
      Research your options
      Set up your merchant account
      Build the payment form
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • Build the payment form
      Enter product or service information
      Define pricing
      Determine payment types (based on your merchant account)
      Include other information as applicable
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • Outsourced Solution: How-To
      Research your options
      Set up your merchant account
      Build the payment form
      Integrate into your day-to-day processes
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • Integrate into your practice
      Notify your customers
      Train yourself/employees
      Link to your website or email?
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • In-house Solution: Advantages
      Control
      Feel
      Flexibility
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • In-house solution: How-To
      If you’re not an expert, get one
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • Use an expert
      It’s helpful if your expert is in-house and knows the ins and outs of your business
      Otherwise, find someone well-versed in the following:
      Data security
      Hosting platforms
      API code
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • In-house solution: How-To
      If you’re not an expert, get one
      Set up a secure hosting platformAND
      Register your site
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • Secure hosting and site registration
      Secure hosting protects important financial data associated with online payments
      Apply for an Secure Socket Layer (SSL) certificate
      Register your site with a Digital Authentication Service
      Ensures secure transactions between servers
      Contains information about your business to confirm identification
      Ensures that all sensitive information is encrypted
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • In-house solution: How-To
      If you’re not an expert, get one
      Set up a secure hosting platform
      Register your site
      Build the payment form
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • Build the payment form
      Use software or write code to integrate shopping functionality on your website
      “Click to buy” functionality
      Form includes:
      Product information
      Pricing
      Payment options
    • In-house solution: How-To
      If you’re not an expert, get one
      Set up a secure hosting platform
      Register your site
      Build the payment form
      Find a processing solution with an applicable API
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • Credit Card
      ACH / eCheck
      Look at processing fees when choosing a solution
      Make sure format is compatible with your API
      Find processing solution
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • In-house solution: How-To
      If you’re not an expert, get one
      Set up a secure hosting platform
      Register your site
      Build the payment form
      Find a processing solution with an applicable API
      Integrate the processing platform with your payment form
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • Integrate the processing platform
      With your merchant account set up, you can now enter the information into your online payment solution
      Important information:
      MID (Merchant Identification)
      Terminal ID
      Merchant Name, Address, etc.
      Bank BIN
      MCC (Merchant Category Code)
      Extremely critical that the information and API keys are entered correctly into your processors back-end processing solution
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • In-house solution: How-To
      If you’re not an expert, get one
      Set up a secure hosting platform
      Register your site
      Build the payment form
      Find a processing solution with an applicable API
      Integrate the processing platform with your payment form
      Test and launch
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • Test and launch
      Check that transactions are running correctly and funding to your account
      Test all forms of payment and various amounts
      After everything is proven to work, you can launch your online payment form to your customers!
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • Things to consider
      Resources
      Cost vs. Budget
      Timeframe
      Requirements
      www.paysimple.com | follow @PaySimple| facebook.com/paysimple
    • Thank you!
      www.paysimple.com | follow @PaySimple | facebook.com/paysimple