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.

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How to set up an online payment form

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

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