If you run an online store using Magento, then you’ve probably looked into Magento payment processing and the best options for accepting your customers’ cards through your online shopping cart.
But what are the benefits of Magento payment processing, and how does it work? How can you find a payment gateway that will truly benefit your business?
Benefits of Magento Payment Processing
When you’re able to accept credit cards through your Magento store, it benefits both you and your customer.
According to a 2016 survey by Qualtrics, 31% of online shoppers prefer to pay via credit card. Customers enjoy having multiple payment options and may be more willing to purchase from your store if you give them the choice to pay by credit card.
In addition, when you enable credit card processing in Magento, you gain access a payment gateway, which can provide helpful features and benefits for your business.
How Magento Payment Processing Works
In order to process payments with Magento, you need to connect your eCommerce store or online shopping cart with a payment gateway. There are many payment gateways out there, but they’re not all created equal. Some have restrictive charge limits or limited functionality. On the other hand, some payment gateways, like EBizCharge, provide you with effective tools for managing your payments with ease.
Data security is paramount for any business that accepts credit card payments. EBizCharge is PCI compliant and employs the latest techniques in security technology such as encryption and tokenization. Tokenization is a data security method in which credit card numbers are replaced with strings of meaningless numbers and letters called tokens. These tokens are stored on merchants’ local networks but are useless to hackers if the network is breached. Meanwhile, the sensitive information is stored off-site in our cloud-based data vault, eliminating your company’s liability in the event of an attack. When you use EBizCharge, you and your customers can rest assured that your data is safe.
We offer free, comprehensive support and are always ready to answer your questions or help you out. Located in Irvine, California, our in-house team works 24/7 to support you. We also have an experienced chargeback management team that can alert you when a chargeback occurs and guide you through the chargeback process.
When you use EBizCharge for Magento payment processing, the gateway collects and passes on line-item details on each transaction—details like the SKU of the item purchased. This detailed information lowers the perceived risk of each transaction, helping to secure you a lower processing rate.
You can search our online payment gateway with criteria such as the last four digits of a card. Run extensive reports that generate data on queries like transactions by date, then print, email, or export to Excel. You can also click on the magnifying glass to see details on each individual transaction.
In addition to security, free support, and lower costs, EBizCharge provides a bevy of options and features, including…
Customizable reports. Create reports that suit the unique needs of your business.
Unlimited batch history. No limit—you have access to every transaction you’ve ever run.
Easily issue credits and voids.
Powerful search functionality. Search through all your transactions using criteria like cardholder name, last four digits of the card, date, and so much more.
Immediately release funds when issuing refunds.
Sort transactions by category.
Whatever your needs, EBizCharge has got you covered. Take control of your payment processing and take control of your eCommerce transactions.
If you’re searching for a payment gateway to use with your online store, then consider EBizCharge. EBizCharge is the best option for Magento payment processing and comes with extensive features, secures you lower costs, and empowers you to easily and effectively manage your eCommerce transactions.