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Credit Card Payment Gateways


Supported Payment Gateways and Payment Methods?


EFT & SID Instant EFT

  

 






eSolve eCommerce is not a Payment Gateway. In essence, eSolve eCommerce is an online shopping cart ordering platform with payment fulfilment via integrations to various online Payment Gateways such as MyGate, PayPal, PayFast, Peach Payments and Virtual Card Services.

The eSolve eCommerce platform is integrated to various South African Internet Payment Gateway providers that are PCI DSS compliant or who are is in the process of becoming PCI DSS compliant and PayPal.

PayPal is a good option if you sell your products to an international market or where USD is offered as a payment currency.
eSolve eCommerce supports multi-currency. You will need to register an online profile with FNB in order to link your PayPal account and to be able to withdraw funds to your South African bank account. Take note, this does not mean that you have to have a FNB bank account, but might be beneficial depending on the banks philosophy.

Please visit MyGate for more information and pricing. eSolve eCommerce is listed on MyGate's featured shopping carts here


What is a Payment Gateway?

An Internet Payment Gateway Service Provider is the company that offers various electronic payments services including Credit Card Payments (Master, Visa, American Express), Instant EFT or SID Payments and some also offer Debit Order Collection services. These companies offer easy, secure and instant transfer of money between online buyers and sellers via their online shop websites.


What is required to to receive credit card payments?

  • A merchant account for online trade. If you already have a merchant account for your business, this merchant account is for what the banks refer to as "Card Present Transactions". You will have to apply at your bank (ABSA, FNB, Nedbank or Standard Bank) for another merchant account facility for "Card Not Present Transactions".

  • An Credit Card Payment Gateway provider. The internet gateway provider takes care of the transaction between the online shopper's credit card and your merchant account with your bank called the acquiring bank. Successful payments received are settled and transferred to your elected bank account.

  • SSL (Secure Socket Layer) is required by most Payment Gateway Providers. 


Other requirements: Visa and MasterCard require that a website contains the following information:

  • A complete description of the goods and services offered
  • A Return/Refund Policy
  • A Privacy Policy that explains how customer information is treated
  • Customer Service contact details, including a physical address, e-mail address, as well as telephone and/or fax numbers
  • Transaction currency – e.g. South African Rand (this is limited to one currency per website)
  • Export Restrictions (if applicable)
  • Delivery Policy
  • Country of domicile – e.g. South Africa



What is SSL and why is it required?

Most online shoppers are very cautious and want to know that their information is safe. Using an SSL certificate provides two important things:

1. Encryption of sensitive data like credit card information and personal information.
2. To assurance your customers that your website is trustworthy.

For most eCommerce sites, you absolutely need an SSL certificate!  As an online merchant, it is your responsibility to make sure the information you collect from your customers is protected. This will shield you and your customers by making sure that no one can intercept and misuse their credit card information.