How it works – eazyppay.com

Who are the key players in payment processing?

There are five key players involved in every payment transaction.

Step 1: Payment Gateway
Connects all players and enables payment processing (e.g., Authorize.net).

Step 2: Issuer
The bank providing the customer’s card and account.

Step 3: Customer
The buyer of goods or services.

Step 4: Merchant
The business selling the goods or services.

Step 5: Acquirer
The bank holding the merchant’s account.

How do payments get processed?

There are three steps in the payment process.

Step 1: Authorization
The payment gateway checks the customer’s payment info and ensures sufficient funds.

Step 2: Capture
The issuer approves or declines the transaction, holding the funds for the merchant.

Step 3: Settlement
Funds are transferred from the customer’s bank to the merchant’s account, typically within a few days.

What is a payment gateway?

For a business like yours that wants to accept payments—online, in person or both—a payment gateway is a must-have, along with a merchant bank account.

A payment gateway lets your business accept payments made via your eCommerce website or mobile app, or at instore or mobile POS terminals. The payment gateway processes the payment transactions and enables the money to move from your customers’ accounts into your merchant bank account. Payment methods you can accept include credit and debit cards, eChecks, and digital wallets.

What is a merchant bank account?

For your business to get paid, you need a merchant bank account.

Merchant Bank Account
A merchant bank account enables you to accept payment cards, eChecks, and digital wallets via websites, POS terminals, or mobile devices.

Acquirer
The acquirer, or merchant acquiring bank, hosts your merchant account. Authorize.net offers an all-in-one option to set up both a merchant account and payment gateway.

Once approved, your business can connect to a payment gateway and start accepting payments.

Factors Considered for Approval:

Industry type

Payment processing history

Business creditworthiness

Personal credit history

What to look for in a payment gateway

As a merchant, you get to choose your payment gateway. There are a number of things to consider when making your choice. For example:

Accepts cards, eChecks, and digital wallets.

Simplifies recurring payments for subscriptions or installments.

Adds Buy Now or Donate buttons for single sales or donations.

Includes fraud protection.

Payment Solutions for EASYPPAY.COM

EASYPPAY.COM can integrate seamless payment processing to enhance online transactions, offering secure and reliable solutions.

Payment Acceptance: Process cards, eChecks, and digital wallets.

Recurring Billing: Perfect for subscription-based models.

Easy Integration: Add Buy Now or Donate buttons.

Fraud Protection: Safeguard your transactions with built-in security features.

This setup can include either a standalone payment gateway or an all-in-one plan with a merchant account.

Secure payment acceptance, your way

Multiple payment types

Making it easy for customers to use their preferred payment methods, including credit cards, debit cards and digital wallets.

Advanced Fraud Detection Suite

Advanced Fraud Detection Suite can protect your business by helping to identify, manage and prevent suspicious and potentially fraudulent payment transactions.

Customer Information Manager (CIM)

Customer Information Manager (CIM) streamlines checkout for returning customers by enabling them to buy without re-entering their payment details.

Automated Recurring Billing

Automated Recurring Billing allows you to accept and submit monthly recurring or installment payments.

Digital Invoicing

Digital Invoicing saves time by enabling you to issue digital rather than paper invoices.

Simple Checkout

Simple Checkout lets you easily add a Buy Now or Donate button to your website.

You can add these options to your plan :

eCheck® payments

Accept and process electronic check payments.

Account Updater

Account Updater helps avoid payment interruptions and lost sales by automatically updating credit card data in CIM profiles and automated recurring billing subscriptions.