A Complete Guide to Implementing Payment Processing

In recent years, the trend has been to migrate from offline transactions to online ones through BlueSnap, PayPal, etc.. However, this shift has led some companies to find themselves in a difficult position: without a reliable payment processor.

A payment processor is a company that completes transactions on behalf of ecommerce business. They handle the requests from customers and pass them along to your bank account, ensuring you receive the money for each transaction. These companies also take care of tasks like fraud prevention and chargeback management (more about this later).

Payment processors vary in size; some only process payments domestically while others accept international orders as well. There are many types of processors out there: global vs local, big vs small… The list goes on! In general terms though, we can categorize payment processors by how they integrate with our systems: direct integration or through an API/third party gateway such as AuthorizeNet or Stripe . Each type has its own benefits depending on our needs.

For example, if you are looking for a very simple integration process and high-level security/compliance standards , then an API is your best option because it can be implemented much faster than direct integration. On the other hand, in cases where there isn’t enough time to implement or when we don’t have specific development resources available on our teams, working with global payment gateways that support all major checkout methods (such as BlueSnap ) will be more efficient .

If you’re just starting out in ecommerce , one of your first tasks should be signing up with at least two processors so you always have an alternative solution ready if something goes wrong.