How to set up an online payment form

How to set up an online payment form

paysimple.com | follow @PaySimple | facebook.com/paysimple

http://www.paysimple.com/

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


Outsourced Solution: How-To

1. Research your options


Research your options

Things to consider: Setup fees

Funding practices

Direct to bank account?

Duration?

Monthly service fees




2. Set up your merchant account


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





3. Build the payment form


Build the payment form

Enter product or service information

Define pricing

Determine payment types (based on your merchant account)

Include other information as applicable






4. Integrate into your day-to-day processes


Integrate into your practice

Notify your customers

Train yourself/employees

Link to your website or email?


In-house Solution: Advantages

Control

Feel

Flexibility


In-house solution: How-To1. If you’re not an expert, get one


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



2. Set up a secure hosting platform

AND

3. Register your site


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







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





5. Find a processing solution with an applicable API


Credit Card

ACH / eCheck

Look at processing fees when choosing a solution

Make sure format is compatible with your API

Find processing solution







6. Integrate the processing platform with your payment form


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







6. Integrate the processing platform with your payment

form

7. Test and launchwww.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!


Things to consider Resources

Cost vs. Budget

Timeframe

Requirements


Thank you!www.paysimple.com | follow

@PaySimple | facebook.com/paysimple

http://www.paysimple.com/

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