Payment Methods

Overview:

 

A payment method is how the customer pays for the order. The setting tells the store site what payment methods you want to accept.

 

Types of Payment Methods:

The following payment methods are supported by the storefront:

• Credit Card (Auth and Auth-Capture) – the most immediate and convenient way of payment especially for on-line shopping. Simply enter  the credit card owner’s number and other information and the payment gateways will validate if allowed to purchase or continue the transaction. (See also Credit Card Payment Method).

• Regular PayPal (see also AppConfig:PayPal* parameters)– Send and receive money online using your bank account, debit card, credit card or PayPal balance.

• Sellers do NOT see your debit or credit card details (they are safely encrypted through PayPal’s system), which limits the risk of unauthorized use.

• Immediate and convenient

• Traceable

• Payment is deposited directly into the seller’s account

• Automatic payment tracking    

• Request for Quotes – should be selected when desired to acquire a list of products and/or services with exact information valuable to the customer prior purchasing (i.e. product name, description, price, size, etc.)

• Purchase Orders – should be selected when desired to acquire the item/product/service by compensating the required amount through different methods of payment

• Check (Snail Mail) – should be selected when desired to pay the products/services through checks via regular mail.

• C.O.D – Cash on Delivery. Ordered products/services are paid for in full cash or certified check immediately at the time of delivery, or when they are received by the buyer.

• eCheck – it is the electronic version or representation of a paper check. Contain the same information as paper checks do.

·         are based on the same rich legal framework as paper checks

·         can be linked with unlimited information and exchanged directly between parties

·         can be used in any and all remote transactions where paper checks are used today

·         enhance the functions and features provided by bank checking accounts

·         expand on the usefulness of paper checks by providing value-added information

·         eCheck works the same way a check does

• MicroPay - Micropayments are pre-paid accounts similar to phonecards or giftcards, etc. A customer can put in an initial amount and when it is used up, add more value to it. Micropayments also save the merchant transaction fees by cutting down the number of transactions. A customer would make purchases through the value held in their Micropayment account, but would not be making small individual transactions which would require a transaction fee.

For example,  the customer purchases x units of $5 micropay credits from the store site (e.g. adds 100$ to their micropay account), and then they can purchase against their "Micropay" balance until it goes to $0. This has been in the product for about 2 years, but not often used. This way, they only get one transaction fee for when someone adds to their Micropay balance. This works great if the customers tend to buy or come back and buy again and again.

NOTE: You can have multiple payment methods active at one time. The user can select how they want to pay at checkout on the shopping cart page.

AppConfig Parameter:

To setup your Payment method, enter the necessary value (e.g. Paypal - Regular PayPal)

Valid Values are:

• Credit Card
• Purchase Order
• eCheck
• PayPal
• Request Quote
• Check by Mail
• C.O.D. (with ending period)
• C.O.D. (Money Order)
• C.O.D. (Company Check)
• MICROPAY
• C.O.D. (Net 30)

To specify that you want to allow multiple payment methods, SEPARATE them by a COMMA (e.g. Credit Card, Purchase Order, PayPal)

How to setup your Payment Method:

1. To set up your payment method, go to Misc click Run Config Wizard.

 

OR click on HOME then under Common Links click Run Configuration Wizard.

 

2. Then check the box of the Payment Method you will use in your storefront. All Payment Methods can be used ALL at the same time.

 

The Run Configuration Wizard page consists of the following fields:

Fields	Description & Usage
Store Name	The name of your storefront.
Store Domain	The domain name of your storefront (e.g. www.yourstore.com)
Store Email-address	The email-address of your storefront
Store Email Name	The name of your store email -address.
Store Zip Code	The zip code of the location of your storefront.
Transaction  Mode	The type of transaction to be used: Auth - authorize the charge, but does NOT capture or transfer funds Auth Capture - authorizes and captures the transaction all at once
Store Currency	This is your store master currency, based on the ISO 4217 Standard Code (e.g.  USD). By default, your store currency is in USD (US Dollars).
Store Currency Numeric Code	This is your store master currency code based on the ISO 4217 Standard Code (e.g. 840). * 840 is the currency code for US Dollars.
Payment Method Accepted	How the customers pays for the orders.
Payment Gateways	Choose only one type of payment gateway.
Use Live Transactions	If set to YES- store will run in live mode; NO- will be in testing mode.
Use SSL	If set to YES - SSL will be enabled; NO- SSL would not run.