Simplify commerce vs paypal

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Braintree Vs. PayPal Vs. Authorize.net – Comparing Adobe Commerce (Magento) Default Payment Gateways

Out of the box, Adobe Commerce (Magento) supports three different payment gateways – Braintree, PayPal, and Authorize.net. But which one is right for your store? That’s a great question – and it’s what we’ll answer in this post from eCommerce.

We’re going to take an in-depth look at Braintree, PayPal, and Authorize.net, and help you decide which payment gateway may be right for you based on its features, pricing, and a variety of other considerations. 

 

→ Related: 8 Things to Consider Before Choosing an Adobe Commerce (Magento) Payment Gateway 

 

Braintree

Braintree is actually owned by PayPal, but it’s still maintained as a separate payment gateway. It was founded in and was acquired by PayPal in , along with consumer payment service Venmo.

Despite being owned by PayPal, Braintree is still operating as its own service and has not been fully rolled into PayPal’s offerings – for good reason. Braintree is a very complex and feature-rich platform and has some features and options that PayPal simply doesn’t offer to merchants. Let’s get into the nitty-gritty, and discuss the pricing, features, and other details of this payment gateway now.

Braintree has standard pricing of % + $ on each credit, debit, and digital wallet transaction. Charities can get a discount to % + $ per transaction. You’ll also pay a 1% fee on transactions in any non-USD currency, and an additional 1% on credit or debit cards issued outside of the United States.

ACH transfers are also supported and have a fee of % per transaction, capped at a maximum of $5. A $5 charge is applied for any returned transactions, and for any transactions disputed by customers as “unauthorized.”

In addition, if you have your own merchant account and choose not to use one from Braintree, you’ll pay $49 per month, $ per transaction, and $10 for any additional merchant accounts added to your Braintree account.

Note, however, that these fees are just the starting point. eCommerce businesses that do high sales volumes can negotiate lower rates with Braintree before signing up, with pricing tailored to their business model and total volume of sales. This makes Braintree very popular with large enterprises.

Braintree supports card transactions from Mastercard, Visa, Discover, American Express, JCB, and Diners Club, as well as digital wallets like Google Pay, Samsung Pay, and Apple Pay. As a PayPal company, it also supports PayPal, PayPal Credit, and Venmo.

It also supports ACH direct debit, unlike lots of other competing payment gateways. This makes it a good option for B2B companies using Adobe Commerce since ACH is frequently used to pay for invoices in B2B transactions.

  • Supported Countries & Currencies

Braintree supports more than 45 countries and regions and can process transactions in + global currencies. You can see a full list of the supported currencies here. Note that you will still be subject to government restrictions, so certain high-risk banks and regions may not be supported, depending on your location.

Braintree offers a full suite of fraud protection tools, including Address Verification Services (AVS), Card Verification Value (CVV), and a Fraud Protection suite that uses machine learning and AI to recognize potentially fraudulent transactions.

You can pay an additional fee to get access to Fraud Protection Advanced, which allows you to customize fraud protection rules, create custom fraud identification rules, and implement a “Review Queue” to quickly manually review transactions that have been flagged as fraudulent.

  • Security, Safety, and PCI Compliance

Like all other major payment gateways, Braintree is a validated, Level 1 PCI compliant gateway, so you can use this compliance to help your Adobe Commerce website meet PCI/DSS compliance standards.

It has also been listed on Visa’s Global Compliant Provider list and Mastercard’s SDP list and utilizes a highly secure, encrypted database architecture to protect cardholder data from any unauthorized access.

 

→ Related: How Adobe Commerce (Magento) Payment Gateways Ensure PCI Compliance 

 

PayPal

Since it was founded way back in , PayPal has grown. And grown. And grown. Today, it has million active users, making it one of the most popular payment platforms in the world.

And as you might expect, PayPal’s features have grown along with it. It offers a fully-featured payment gateway solution for Adobe Commerce. Let’s take a look at the features and basics of this payment gateway now.

Similar to the other payment gateways on this list, Paypal charges % plus a flat fee of $ for USD transactions. However, things are a bit different if you’re accepting a non-USD currency – a flat fee is charged based on the original currency.

For example, you’ll pay $ CAD or $ AUD for Canadian and Australian transactions, respectively – or JPY for orders from Japan, so fees may be higher when customers purchase items from specific countries, depending on exchange rates. You’ll also pay an additional % fee for all international commercial transactions. Chargebacks cost $20 each unless resolved in your favor.

There are some additional services that will cost you extra fees, too – for example, implementing recurring billing will cost $10 per month. You can also pay $5 a month for Payments Advanced, or $30 a month for Payments Pro. You can see a full list of all relevant fees and costs from PayPal here.

PayPal supports payments via PayPal and PayPal Credit. Shocking, we know! In addition to this, you can use PayPal to accept credit and debit card payments from Mastercard, Visa, American Express, and Discover.

You can’t use PayPal to accept ACH payments, however, so that’s something to keep in mind if you frequently use ACH direct debit at your store. It doesn’t support digital wallets like Apple Pay, Samsung Pay, and Google Pay, either.

  • Supported Countries & Currencies

PayPal is available in more than countries worldwide, and supports 25 currencies – so while it can be used in more countries than Braintree, it doesn’t support as many currencies.

PayPal provides some fraud protection tools for free, such as 24/7 account monitoring, buyer authentication with Verified by Visa and MasterCard SecureCode, and a basic fraud protection suite that lets you filter out unusual orders, suspicious activity from IP addresses, and filter for high-risk ZIP codes and addresses.

To get more features, though, you’ll need to pay $10/month and $/transaction for Advanced Fraud Protection. This includes features like automatic acceptance and rejection lists, additional risk filter systems, and the ability to create your own custom filters and rules for accepting or rejecting payments.

  • Security, Safety, and PCI Compliance

PayPal, given its size and prevalence worldwide, has some of the best security in the business. It’s fully PCI compliant and has received certifications from the Visa Cardholder Information Security Program and Mastercard Site Data Protection Program, among others.

Authorize.net

Authorize.net was founded in Its parent company is CyberSource, which was acquired by Visa in This payment gateway is used by hundreds of thousands of merchants and is a great solution for eCommerce entrepreneurs. Let’s take a look at its features, pricing, and other details now.

Authorize.net will cost you $25/month as a base fee, and it also charges a % + $ fee, just like PayPal and Braintree. No surprises there! That’s a pretty standard rate across the board. However, international payments have an additional % fee tacked on, bringing the total to % + $

You also have the option of choosing the “Payment Gateway Only” service, which can be used if you already have a merchant bank account. This costs $25/month, plus $ per transaction, and a daily batch processing fee of $

You will pay $25 per chargeback, which is refunded if the chargeback is resolved in your favor. There are no additional fees unless you sign up for an eCheck plan to process ACH payments and eChecks. This costs $25/month, plus a fee of % of each ACH/eCheck transaction.

You can get in touch with Authorize.net for special pricing and additional discounts if you process more than $K in payments per year. It also offers discounts and special pricing for (c)(3) nonprofit organizations.

Authorize.net supports Visa, Mastercard, Discover, American Express, and JCB payment cards, and has added support for PayPal, Apple Pay, and eChecks (for an added fee, as noted).

  • Supported countries & currencies

Currently, businesses can only use Authorize.net if they are based in the US, UK, Australia, Europe, or Australia – but Authorize.net can be used to accept payments from any country in the world, so you won’t have any trouble selling to international customers.

Authorize.net comes with a built-in Advanced Fraud Detection tool, which allows users to customize 13 different filters to catch fraudulent transactions – including country limitations, value thresholds, and payment velocity (daily and hourly limits on transactions allowed to process through your account).

This tool also uses sophisticated algorithms to identify potentially fraudulent transactions based on IP address, region, shipping information, and more. Authorize.net also supports CVV and AVS to help reduce the risk of fraud and chargebacks.

  • Security, safety, and PCI compliance

Authorize.net is audited yearly to ensure that it complies with PCI/DSS standards, so it is fully PCI compliant, and using it on your Adobe Commerce website will simplify your own process of verifying PCI compliance at your store.

Like the other payment gateways on this list, Authorize.net uses advanced physical and cybersecurity precautions to protect cardholder data. Since the company was founded, it has never suffered any serious security breaches.

Choose The Right Payment Gateway For Your eCommerce Store

Picking a payment gateway for your Adobe Commerce store is a big decision, so it’s best to do your research and choose a service provider carefully. These three payment gateways aren’t the only option, either – though they’re supported by default on Adobe Commerce, lots of other payment providers like Stripe, Square, and others can be integrated with extensions, APIs, and custom code.

Need help choosing the right payment gateway for your Adobe Commerce store? You’re not alone! eCommerce is here to help. As experts in eCommerce, payment gateways, and the Adobe Commerce platform, we can provide you with the support and expertise you need. Contact us online to schedule a consultation today.

Sours: https://wwwecommerce.com/resources/blog/braintree-vs-paypal-vs-authorize-net-comparing-adobe-commerce-default-payment-gateways/

Mastercard Unveils New Payment Processing Tools for SMBs

Mastercard’s New Product is Intended as the First Layer in a Multi-Layer Fraud Management Strategy

Small business owners face a long list of challenges. From obtaining payment card processing abilities and reducing risk to ensuring profitability and creating strategies for continued growth, business ownership can be a stressful, all-consuming venture.

Current industry conversations reveal Mastercard Labs, the creators of the infamous Selfie Pay, intend to make the process easier.

What is Simplify Commerce?

simplify-commerceSimplify Commerceis an all-in-one payment platform. First introduced by Mastercard in , Simplify Commerce is billed as basic payment processing for small and medium-sized businesses, offering an alternative to plug-and-go, mobile device-based services.

With Simplify Commerce, any organization or business can begin accepting payment cards—from nonprofit organizations and PTOs to a teenager with a lawn-mowing business. With the ability to accept payment cards, SMBs can gain a greater competitive edge, find and retain more clients, and unlock future growth potential.

According to Keith Ingenthron, strategic partnerships representative at Simplify Commerce, creators wanted to infuse the ability to accept payment cards into industries that have traditionally been dominated by cash and check.

Simplify Commerce features include:

  • A virtual terminal so merchants can accept payments from any device
  • eInvoicing that sends electronic invoices and enables secure payments
  • Safe and secure recurring transactions
  • In-app payments for both iOS and Android devices
  • A secure way to store customer, payment, and transaction information
  • Hosted payments that are PCI compliant
  • Integration with popular eCommerce shopping carts through a plugin

All Simplify Commerce services are provided for free, and merchant accounts are provided through either Evo Payments International or Priority Payment Systems. As a relatively new startup, it is yet to be seen if these strategic partnerships will help or hinder Simplify Commerce’s success. Company executives did say they hope to integrate with additional financial institutions. Not only would this increase options for merchants searching for the perfect fit for their company, the product also offers banks an opportunity to work with merchants who might otherwise turn to other payment processing options.

The platform is designed to mirror the simplicity and intuitive nature of services like Square and PayPal, but with the greater degree of support offered by traditional payments processors. Simplify Commerce uses tokenization technology for all purchases, and allows merchants to accept the following:

  • All payments using Mastercard, Visa, Discover, AMEX, JCB, and Diner’s Club-branded cards
  • Card-not present (online) payments
  • Recurring payments
  • Apple/Android Pay online
  • Omnichannel orders across computer, phone, or tablet
  • MasterPass

All of the Simplify Commerce tools are accessible from one, easy-to-navigate dashboard, including the service’s newest tool, Simplify Controls.

What is Simplify Controls?

Mastercard made an interesting move on May 23, when they introduced Simplify Controls, a new fraud detection and prevention tool.

The tool works in conjunction with Simplify Commerce or as a standalone product, targeted primarily at small to medium-sized businesses. Working as a basic fraud filter, Simplify Controls scans transactions before authorizing, flagging suspicious transactions as potential fraud.

Simplify Controls offers merchants an easy-to-understand interface that evaluates a matrix of indicators for each transaction (country of origin, transaction amount, etc.). The tool then assigns a risk level to each transaction, 1 being low risk and 99 being high risk. Merchants can define thresholds based on the fraud score, or customize their rules based on individual characteristics.

Mastercard Unveils New Payment Processing Tools for SMBsMastercard Unveils New Payment Processing Tools for SMBs

50 Insider Tips for Preventing More Chargebacks

In this exclusive guide, we outline the 50 most effective tools and strategies to reduce the overall number of chargebacks you receive.

Free Download

The Increasing Fraud Threat

It’s no secret that eCommerce fraud is one of the greatest challenges facing card-not-present merchants. Studies show the average merchant sustains fraudulent transactions per month, each averaging $ When fees and other expenses are added in, fraud could end up costing at least $39, per month. In total, fraud steals % of revenue annually.

Small businesses cannot sustain that kind of loss and still turn a profit.

While it’s general knowledge that fraud depletes revenue and can negatively impact customer relations, 60% of merchants report they do not take advantage of any fraud prevention tools. This could be because 47% of merchants believe it costs too much to control fraud.

Mastercard claims they created Simplify Controls to challenge that perception, providing services as a first-line of defense against fraud.

simplify-commerce-cb

Multi-Layered Fraud Solutions for SMB Merchants

While the addition of Simplify Controls is a valuable asset, it is important to note that fraud filters are just one element of an effective, comprehensive fraud prevention strategy.

One of the current trending topics in eCommerce is multi-layered fraud management. Fraud mitigation experts at LexisNexis® Risk Solutions emphasize the following:

Fraud emerges from many different facets; no one solution is likely to be the “holy grail” at this point in time. There needs to be more awareness and understanding about the value of investing in a multi-layered approach to fraud mitigation. As findings have shown, the right multi-layered approach can justify upfront costs of the solution investment, as greater accuracy yields more positive results on the bottom line.”

Merchants need to build a layered approach to fraud prevention, and Simplify Controls might be the first line of defense for small to medium-sized businesses. However, in order to stand up against complex fraud threats, merchants need a dynamic approach to fraud prevention involving multiple different solutions—and Chargebacks® should be one of those solutions.

Like Simplify Commerce, Chargebacks also offers fraud solutions that address the unique challenges of small businesses . We make chargeback management more efficient, increase revenue retention, and allow merchants to reallocate resources to revenue-generating tasks.

Our customized service levels and pricing plans ensure we are effective and affordable for merchants of all sizes. Not only that, but as a business grows and expands, our services scale right along with the merchant.

Chargebacks complements a merchant’s current fraud detection and prevention efforts, not replaces them. Like fraud filters, we are an integral part of effective multi-layer fraud mitigation.

Have you used any of the Simplify Commerce tools? Let us know what you think in the comments section below.

Contact Chargebacks today if you’d like more information about our SMB-friendly products and services.


Prevent Chargebacks.

Fight Fraud.

Recover Revenue.

Sours: https://chargebackscom/mastercard-unveils-new-payment-processing-tools-for-smbs/
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Payment Gateway

Hi Janet,

Thanks for your question! Selcting a payment gateway normally depends on what gateways are available for your platform. Thankfully WooCommerce has hundreds of payment gateway options available so you&#;re not limited in selection. With payment gateways you are looking for a low rate, good customer support, and how long it takes for the fund to be available to you.

On a marketplace I run I use Stripe and PayPal.

With Stripe the rate is % + $ per transaction. Also, there is no monthly fee so if you don&#;t have any transactions in a month you are not charged. You might be able to find a lower rate, but be sure to check for monthly and annual fees. Stripe offers customer support via email only, but each time I&#;ve contacted them they have replied quickly. Funds are in my business bank account 2 days after the order is placed. This setting can also be changed to do a &#;sweep&#; of the account once per month.

In addition to credit cards I offer PayPal on the marketplace because some customers prefer using PayPal instead of their credit card. I think they feel it is an added layer of protection for them. The rate with PayPal varies depending on a few factors: is the customer using PayPal funds, is the customer domestic or international, does the customer have a verified PayPal account. It costs more in fees to accept PayPal, but 40% of customers select it while the remaining 60% use credit card. With PayPal funds are available in the PayPal account immediately, and a withdrawl to my business bank account takes 2 days to complete.

I also suggest merchants check with the bank they have their business accounts with. The banker might have a relationship with a payment gateway with special pricing.

Hope that helps!

Daniel

Sours: https://www.wpcom/question/payment-gateway/

Support

Simplify Commerce as payment option?

Posted: October 29, at am


Kristin Scully

October 29, at am

Does Event Espresso support Simplify Commerce by Master Card as a payment gateway option? We are looking to add it in addition or replacement to PayPal.

Thank you,
Kristin


Josh

October 29, at pm

Hi Kristin,

I don&#;t see that one on the list. We have separate lists of gateways for EE3 and EE4 here:

https://eventespresso.com/features/payment-options/

Along with that, the Mijireh gatway for EE4 allows for more choices listed here:

http://www.mijireh.com/docs/payment-gateways/


Kristin Scully

October 29, at pm

Thank you, Josh. Does Event Espresso offer an &#;offline&#; payment option where we can enter information manually?

Kristin


Josh

October 29, at pm

Hi Kristin,

I am not sure what you mean by offline. Do you mean like take a credit card number over the phone and process via your own credit card merchant service, then update the payment status manually via the Event Espresso admin? Or something else?


Kristin Scully

October 29, at pm

Sorry for the confusion&#;

Simplify Commerce wrote me back and said:
&#;We do have a virtual terminal you can use, not sure if the Event Expresso provides an “offline” payment option that send you the payment details. If so, then you could use our virtual terminal to manually run the payments you receive.&#;

thank you,
Kristin


Josh

October 29, at pm

Hi Kristin,

The closest thing we offer that would work with what Simplify Commerce described would be the invoice option. Then someone could snail mail the invoice or make a phone call to give you their payment info.

Once you run the payment, you would then need to manually update the payment status.

I can recommend checking out Stripe, it&#;s a lot simpler.

The support post &#;Simplify Commerce as payment option?&#; is closed to new replies.

Have a question about this support post? Create a new support post in our support forums and include a link to this existing support post so we can help you.

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Event EspressoSours: https://eventespresso.com/topic/simplify-commerce-as-payment-option/

Commerce paypal simplify vs

It’s an exciting time in our industry with technical innovations in the online and mobile channels evolving at a rapid pace!  New merchants, startups and entrepreneurs are under a lot of pressure to offer their products where customers want to shop and we want to offer a seamless payments experience to these businesses.

MasterCard Launches Simplify Commerce for Online and Mobile Payments

With a company of any size, getting to market quickly and growing revenues are paramount, but we know the payments process must be easy and affordable for the merchant – from initially integrating payments into their website or mobile application, to ensuring a smooth shopping experience for their customers.

Some businesses, especially smaller ones, don’t always have the technical and payments resources readily available to help them easily connect their online or mobile presence to payments.  MasterCard is here to help!

Simplify Commerce TM, introduced today by MasterCard, is specifically designed to make it unbelievably easy to begin accepting payments, regardless of brand, in a matter of minutes.  We’ve streamlined the process for businesses to get a merchant account and include a payment gateway in a single, secure package.

Since a lot of businesses use developers to help with their online presence, we wanted to make the technology really easy to use.  With our APIs, clear SDKs in a variety of languages, including Ruby, PHP, Pylon and Java, and mobile SDKs for iOS and Android, as well as rich documentation and code examples – we’re making it easier for developers to quickly integrate payments for their merchant customers.

We’re excited to offer Simplify to the community because we recognize that electronic payments bring tremendous value to merchants large and small.  I look forward to hearing feedback from developers and business owners about the product and how we can further help you to simplify commerce.

 

Tags:mastercard acceptance, mastercard labs, mobile payments, online shopping, shopping


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Sours: https://newsroom.mastercard.com//06/27/simplify-commerce-mobile-or-online-its-easy-to-accept-payments/
WooCommerce 101 - Part 8 - Simplify Commerce

Simplifying WooCommerce Payments

So you&#;ve taken the plunge into the wild, wonderful world of e-commerce. You&#;ve found your niche and are ready to test the waters of selling online. One of the first decisions you, as a business owner, need to make is deciding on a payment services provider. Choosing a payment processor can be confusing, as there are so many options available. For small business owners, your primary concerns are choosing a solution that is affordable and quick to get up and running.

Today we are excited to present an exciting new option. Ladies and gentlemen, meet Simplify Commerce, by MasterCard. Simplify Commerce makes it easy for you to accept e-commerce and mobile commerce payments, regardless of payment brand, in just a few minutes.

Simplify Commerce is available today, FREE for a limited time.

Keep it Simple

Developed by MasterCard Labs, we are extremely excited about this easy to use interface. We are confident that Simplify&#;s straightforward integration will help business owners and streamline the process of getting a merchant account and, ultimately, make it easier for you to deliver amazing payment experiences to your customers.

simplify-laptop

Simply a Great Offer

Simplify Commerce is setting a new bar with incredibly low pricing at % + $ per transaction and two day funding to your bank account. There are no setup fees, no monthly fees and no hassle.

It gets better. WooCommerce users who sign up for a Simplify Commerce merchant account by February  28, will get FREE processing for their first $10, in sales.

We are passionate about you, our loyal customers, and rolling out products and promotions that make sense for your your businesses. A free WooCommerce extension, an amazing new payments service and $10K in free sales is another amazing partnership and deal.

You have until January 31, to take advantage of this offer. Service only available to US based merchants. For more information, click here.

Questions or Comments? We are here to help. Please post to our helpdesk where our pre-sales ninjas are on hand to assist. For questions related to  Simplify Commerce as a service click here.

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Sours: https://woocommerce.com/posts/introducing-simplify-commerce-by-mastercard/

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