The payment provider is chosen based mostly on many various criteria. A few of these are the service availability within the country where your bank account is, costs of a transaction, monthly fees, the prices of integration, and whether it resolves sales tax issues or permits for integration with some other well-known payment solutions. Many of these questions should be answered by You the client. Stripe is our favorred alternative as it had excellent API capabilities. This article will use Stripe as its payment processor of choice.
Best Practices for payment providers
Retry if transaction didn’t succeeded
The transaction might fail not only resulting from technical reasons however sometimes insufficient funds is perhaps the reason. You need to retry processing the transaction between an hour to couple of days later.
Know when your CC will expire
A number of the card particulars will expire or their data will now not be valid for numerous reasons. When you do not need valid CC data charging the client will not be possible. The major card schemes provide a service that permits you to check if there are any updates pending for the customer data that you store. Among the online payment solutions will even update card data for you. Stripe will do this for the most importantity of MasterCard, Discover, and Visa cards. Not only CC.
Be aware that in some parts of the world individuals are not willing to pay with their Credit Card
The very best example of this is China when Alipay is the primary payment source. It is value noting that not all shoppers are completely satisfied giving away their card particulars so using a well-known payment technique helps to extend the completion rate of potential transactions. Stripe additionally supports Alipay for China and for Europe Giropay, iDEAL
We might like to have PayPal
Sometimes purchasers just want to use PayPal as they’re familiar with the brand. Don’t be stubborn – Stripe will assist to maximize your profit. Stripe and Paypal are direct competitors there isn’t any integration between them.
Best practices while using the Stripe payment process
PCI compliance with Stripe
Most users grow to be PCI compliant by filling in the Self-Evaluation Questionnaire (SAQ) provided by the PCI Security Standards Council. The type of SAQ depends upon how you acquire card data. The simplest methodology of PCI validation is SAQ A. The fastest way to grow to be PCI compliant with Stripe is to make certain you qualify for a prefilled SEQ A. If that’s the case Stripe will fill the SEQ A for you and will make it available so that you can download to your account’s compliance settings after the first 20 or so transactions. The way to achieve this is as follows:
– Use the Embedded type called Checkout, Stripe.js and Parts (it offers higher format customization then Checkout). You need to use react-stripe-components which makes use of Stripe.js API or Stripe mobile SDK libraries. If you’re using react-native go with tipsi-stripe. ipsi-stripe bindings aren’t officially supported by Stripe so help will not formally tell you that they qualify for prefilled SEQ-A compliance – but they do.
– If you’re using web serve your payments pages should use HTTPS.
In all these cases data is securely transmitted directly to Stripe without it passing by way of your servers. Once you select the fastest way you will not must do anything more. It is so simple as this until you attain 6 million transactions per year then you definitely will need to fill a Report on Compliance to validate your PCI compliance annually.
Put together for technical failure – Idempotency key
If you’re using API to take payments you will need to prepare for a technical failure as all networks are unreliable. If failure happens wit isn’t always potential to know if a charge was made or not. Within the case of a network failure it is best to retry the transaction. The Idempotency key is a prevention mechanism against charging a customer twice. If for some reason you submitted the payment twice – which could occur as a result of retrying operations after a failure. In Stripes node lib you just add it to options parameter while charging. Every Idempotency key will day out after 24 hours so after that time if you make a payment with the identical Idempotency key you will charge the client.
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