Payment gateways or online payment processors are essential to every ecommerce store. Without them, you would not be able to receive payments from your customers. Depending on where you are located in the world there are hundreds of different payment gateways to choose from.
There is no single perfect solution as there are pros and cons that come with each one. Today we will provide an overview of some of the most popular Builderfly payment gateways for your store.
The first important factor to consider when choosing a Builderfly payment gateway should always be your location.
For a detailed breakdown of all the available payment gateways in your country, take a look at Builderfly’s official page.
What is a Payment Gateway?
A Payment Gateway provides an online shop or seller to accept payment online in the form of credit/debit cards or any other forms of online payments. It’s like an online cashier. When deciding upon a payment gateway there are many factors you should consider:
Transaction Fees: How much fees do the payment gateway charge for each transaction. Some payment gateways charge a ridiculous amount of fee on each transaction.
Card/Payment Types: You should know what types of cards and payment options are accepted by your preferred payment gateway.
Fraud Prevention: At the time of writing, Builderfly does not natively support secure 3D checkout, so you need to use a hosted payment solution that offers secure checkout to keep things completely safe for both you and your customers.
Difference between a Payment Gateway and Merchant Account?
A merchant account lets your online business accept different forms of payment online, including debit cards, AC Payments, and credit cards. Merchant accounts are contracts between an online retailer and a card processing company. They allow you to offer your customers quick, flexible and secure options when making payments.
A card payment gateway is an essential component of ecommerce. An online payment gateway pretty much works like a debit/credit card machine in a sense. It gives your customers the ability to submit their payment information online and allows you to receive card payments on the web.
With the use of a payment gateway, the online transaction on your website occurs through a secure hosted payment form.
Once the customer submits their order, the encrypted payment information goes directly to the payment gateway, afterward, it goes to the payment processor, and through the card network and finally to the customer’s card issuer for secure authorization.
Third-Party Builderfly Payment Gateways
Builderfly does support all the major payment gateways from all around the World. So when you are choosing a payment gateway for your Builderfly store then you should do proper research first.
Your region should be the most important consideration factor when choosing a payment gateway as most of the payment platforms are not available everywhere in the world.
Here are some of the most popular third-party payment gateways you can use on your Builderfly store.
Paypal: You can activate PayPal Express Checkout with any Builderfly plan.
Amazon Pay: Amazon Pay is the fastest and trusted way for your consumers to buy from your online store utilizing their payment and shipping data that are already available in their Amazon accounts.
Amazon Pay supports multiple currencies including USD, GBP, EUR, and JPY and is available in many countries including, United States, United Kingdom, Denmark, France, Germany, Hungary, Italy, Japan, Luxembourg, Netherlands, Portugal, Spain, and Sweden.
How to setup third-party payment providers?
From your ecommerce store builder dashboard, go to Manage store >Store set up > Payments
All the available Third-party payment gateways are listed here:
Select the preferred provider you want to use from the list.
Enter your account details for the provider you chose.
Select “Enable Plugin = Yes”
You can now accept payments with third-party payment gateways
Conclusion
You already know that there are many other payment options out there with all kinds of different rates available.
Builderfly supports countless different payment options from around the world. So do your proper research and choose the best option with the best rates and availability in your region, you could end up saving quite a bit for your business.
Let us know which payment gateway are you using on your Builderfly store.
