Solutions for eCommerce

eCommerce Payment Solutions

eCommerce sites rely on payment gateways integrate with shopping cart applications on a merchant's web site to authorize and settle card payment transactions.

Three components working together

The key when constructing an eCommerce web site is to match the shopping cart, payment gateway and card processing network appropriate for your industry. 

Learn the ropes

If you are new to eCommerce, you have a lot to consider; developing your web site, implementing a shopping cart, payment gateway and merchant account to qualifying for the best Interchange rates, all while managing risk through best practices.  

  • Avoid getting your data locked into a proprietary system that makes it difficult to change if you are not satisfied or need to add features as your business grows.
  • Understand the PCI card data storage and security issues to protect your customers and your business from hackers and employee strategies that take you out of scope with PCI and limit your risk.
  • To qualify for the best Interchange rates, pass key data elements like an invoice number and AVS or level 3 data.  (And work with our payment advisors to make sure your payment policies support Interchange rate management.)
  • Each year millions of dollars are lost on fraudulent card use. Preventing fraud and losses start with the understanding that the responsibility for risk of fraud lies is solely with the merchant.   In the card not present sales environment of ecommerce, card rules are written in favor of the cardholder.  Meaning, credit and debit cards are a convenience form of payment, not a guaranteed form of payment. It is important to protect yourself.
  • Follow best practices to protect your business from fraud. Proper set up includes making decisions about use of card security features like Address Verification Services (AVS), card verification value (CVV2), Verified by Visa (VbV) and other fraud screening services. 

Not all payment modules are the same

B2B ecommerce sites are at a disadvantage when they misappropriate a B2C payment gateway or provider for the task. 

A recent study, conducted by Paystream Advisors, discovered that roughly 64 percent of B2B purcurements used purchasing cards and this number is trending upward quickly. B2B ecommerce companies should understand that these commercial cards differ from consumer cards and require invoice level data to be passed.  For more on B2B ecommerce visit http://www.vantageb2b.com/b2b-ecommerce

Talk with a Vantage Payment Advisor

When deciding on a payment processing partner, you will want to work with a professional who can help you safely implement a payment solution for your eCommerce business that best meets your needs.  Payment gateways are typically priced with an activation fee, monthly fee and a transaction fee. Different service packages exist to meet your transaction volume needs.