How To Add a Payment Method To Your Website

In this blog, we will discuss the various payment methods, and the advantages of integrating payment gateway in websites, and how to add a payment system on the website. E-commerce has brought about an ocean change not just in marketing, but also in sales processes and business models. The adding fashionability of online stores declares the fact that this trend is to stay.

And businesses that upgrade themselves and offer online payment options to their clients will be suitable to grow and expand their business. If you're planning to set up a website. However, also go for one intended with payment system and security features integrated. Still, if you once have a website, you can also add a payment system on the website. But first, let us see various types of payment styles you can integrate into your website.

Types of Online Payment styles for Websites

The different types of payment options that you can integrate in your website are

• Credit cards
• Debit Cards
• Bank Transfers
• EWallets
• Mobile payments
• PayPal
• Cash on Delivery

You can choose to integrate all these payment methods or just the bones that are most popular in your region and among your intended audience. For example, if the maturity of your target audience is college students or youthful people, it would also be a good idea to have mobile payments and E Wallets rather than credit cards or PayPal. Still, if your target audience consists substantially of earning members and professionals, payment options similar to card payments or bank transfers will be excellent.

What are the benefits of integrating payment methods on a website?

One of the biggest benefits of having payment methods on the website is increased sales. You can jumble the tab and accept payment from your guests. This system allows clients to protect comfortably anytime and anywhere. Also, a smooth online deal improves user experience and inspires them to keep coming back to your website. Also, setting up a payment system on a website is very simple and easy.

You can set up the payment system with zero installation fees. The sale figure setting up and using online payment services is judicious. So, you get good value for your money. Having online invoice generating software and fleetly managing the refund enhance your website’s fashionability and in turn your profit boundary. The online payment system can also be customised to accept regular subscriptions. The stylish part is that online payment support helps you make the utmost of desired purchases. 

Documents required for Adding Payment system on Website

• Certificate of company registration or incorporation
• Articles of Association and Memorandum of Association
• In case of LLP, partnership deed
• PAN card of the company
• Bank account details

Apart from the documents listed over, certain payment gateway service providers may ask for other applicable documents and instruments.

How to Add Payment system on Website? 

• Estimate payment gateway services offered by your web host

The first step you need to do before integrating a payment system on your website is to estimate the kind of payment methods your web host offers. You can find this detail in the control panel or admin panel of the web host.

Many hosting providers offer payment services integration as a part of their service pack, while others charge you independently for it.  The top web hosts for payment services are Bluehost, A2 Hosting, InMotion Hosting, GreenGeeks, GoDaddy, Wix, SquareSpace, and FatCow. 

• Choose a Payment Gateway

There are two types of payment gateways – first is hosted and second one is non-hosted payment gateways. A hosted gateway takes your guests down from your website to another secure point to get the payment and also redirects the user back to your website. A non-hosted payment gateway, on the other hand, has APIs and modules that can be integrated into your website. The payment deal happens on your website itself. 

Still, as client bank, card and other particular information will be stored on your website, you need to ensure that it's 100% secure and safe from cyber frauds and hacks. Also,non-hosting gateways are more darling than hosted gateways.

Hosted Payment Gateways

• PayPal
• Amazon Pay
• Stripe
• SagePay

Non-hosted Payment Gateways 

• Authorize.net
• SagePay Direct Integration
• MangoPay

Check and compare details of setup, sale and other fees details

Whether you choose to go for hosted or non-hosted payment gateways, you need to compare the fees they charge for the services. Apart from the setup and integration figure, you may have to pay for every sale, refunds too. Also, there could be subscriptions, renewals, and special fees for security features. Once you’ve explored the features, the services and the pricing, decide on one that upscale suits your business model.

Add Payment Methods

You can integrate the payment gateway to your website with the support of the web host provider. This integration option will be available in the admin panel or control panel. You can choose any of the payment styles described over. Once you add the payment styles, use a Test or Sandbox account to check if the payment gateway is working OK and the sales come first without any problem.

Create a Merchant Account

After you have set up the payment gateway, you need to create a merchant account and link the payment services with it. The merchant account deposits the payment from the guests directly to your company’s bank account. accounts are backed by FDIC and come with fraud protection. Also, you can control the sale of payment between your website and the merchant account. Still, you need to look out for retired fees and costs collected for approving debit and credit card payments.

Also Read - Services provided by LetsPe Payment Gateway

Conclusion

Do you want to add a payment gateway on a website and are feeling overpowered by these processes? Don’t worry about these specialised details. We've expert professionals who can take care of the entire web development process. Communicate with us for a discussion.