HSBC Payment Gateway |
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The HSBC Payment Gateway This payment gateway is otherwise named the Secure ePayments Card Processing Taking payments online, over the telephone or via mail order, you can be safe with the knowledge that Secure ePayments from HSBC offers the latest security along with the trust of the HSBC brand. HSBC will act as your payment gateway solution provider AND your acquiring bank, meaning you only get one set of fees. The HSBC Payment Gateway for Virtuemart has already been written. The price of this payment gateway varies amongst the providers on the internet. We ourselves have not written a gateway for Virtuemart at this stage but we are in the process of writing one for DigiStore, Ad Agency and nbill Net Invoicing. This payment gateway has actually been very difficult to write due tot he lack of provided documentation from HSBC. There has been no documents discoverable on the internet and getting an answer from HSBC has proven to be most difficult. HSBC offer four different integration solutions:
We have developed for the second integration solution: This solution allows you to take orders for goods and services directly on your website, once your customer has finished adding items into their shopping basket they will be transferred to HSBC’s Secure ePayments server to complete their card payment. This has the benefit of showing that you are linked to HSBC and therefore offers your customer additional peace of mind.
More companies than ever are now selling their products and services online. It's not just about having a cool or great looking website or offering great deals or specials. Repeat sales to existing customers is also dependent on making payment easy. Internet shoppers are no longer content to make credit card transactions over the phone. There are three standard payment systems to choose from; deciding which is best for you means weighing up the ease of setting-up, cost, flexibility and the impression it creates of your business. Handle payments yourself Accepting the customer's transaction details via your own website before passing them to your bank to process the payment will convey the impression that you are an well established business. Once up and running, however, running costs are limited to your bank's normal handling charge for payments. Pass customers to your bank This second approach involves forwarding your customer directly to your bank's website to handle the payment. It's easier to set up, the implementation costs are lower, and people like the fact that they are paying a bank. However, customers may think that if you are not able to take payments yourself, you are not a big operation, and that's important. Your bank will also charge for each transaction - usually between one and five per cent of its value. Third party integration Third parties such as Paypal or Google cart will handle the entire transaction. Both you and the customer have an account with the provider, which simply shifts the funds from their account to yours. In return, the provider charges you a percentage of the value of the sale. It's not hard to set up, but any end user that they're using an external website to pay. For small businesses it is important to look well established. However, customers are likely to feel more secure giving their details to providers such as Paypal. Making a choice Passing customers to your bank's website or using a provider such as Paypal is the best option for starting companies because you don't have a large capital investment to get your system up and running. you should speak to professionals who have experience setting up similar facilities for businesses like yours and shop around for the best deal.
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