Make 'Em Pay

Accept payment through your web app safely and easily

Transcript

1. Make ‘Em Pay Accept payment through your app safely and easily Marge Rosen blog.margerosen.com twitter.com/MargeRosen Wednesday, August 14, 2013
2. Criteria to Consider • Security • Ease of use • Customer Service • Fees • Account Issues Wednesday, August 14, 2013
3. 4 Main Components • Merchant account • Payment gateway - service your e-commerce system uses to interface with the payment processor • Payment processor - service which actually communicates with the credit card companies and card issuing banks • E-commerce (shopping cart) Wednesday, August 14, 2013
4. 4 Top Players • PayPal • Amazon Payments • Google Pay • Stripe Wednesday, August 14, 2013
5. PayPal • Ebay to bandcamp.com • Several pricing models. Starts at 2.9% + .30 • Micropayments available. Good for selling digital goods or if your transactions average less than $10 • Payment available in minutes • Some do not find this user friendly Wednesday, August 14, 2013
6. Amazon Payments • Kickstarter • Standard fee is 2.9% +.30 for transactions $10 or more • Micropayment fees and reduced fees for non- profits • Easy for individual users. Hundreds of millions already have a trusted Amazon account. • Business account setup can be frustrating • Getting paid take 14 days to start then 5-7 days Wednesday, August 14, 2013
7. Stripe • Web businesses and start-ups use Stripe (Heroku, Foursquare, Shopify and RailsGirls) • 2.9% + .30 • Easy for you and your users • Must wait 7 days for payment Wednesday, August 14, 2013
8. Stripe API • You don’t need a merchant account or gateway. Stripe handles everything, including storing cards, subscriptions, and direct payouts to your bank account. • Accounts have test-mode API keys as well as live- mode API keys. • These keys can be active at the same time. • Data created with test-mode credentials will never hit the credit card networks and will never cost anyone money. • gem 'stripe', :git => 'https://github.com/stripe/ stripe-ruby' Wednesday, August 14, 2013
9. Charges • To charge a credit or a debit card, you create a new charge object. You can retrieve and refund individual charges as well as list all charges. • Charges are identified by a unique random ID. • Example Object Code is provided and can be used for initial test. Wednesday, August 14, 2013
10. Example Object Code for Initial Test #<Stripe::Charge id=ch_2NuyRagioClJbG 0x00000a> JSON: { "id": "ch_2NuyRagioClJbG", "object": "charge", "created": 1376505413, "livemode": false, "paid": true, "amount": 500, "currency": "usd", "refunded": false, "card": { "id": "card_2NuynbBzocnNbb", "object": "card", "last4": "4242", "type": "Visa", "exp_month": 1, "exp_year": 2050, Wednesday, August 14, 2013
11. Authentication • Provide one of your API keys in the request. • To use your API key, you set Stripe.api_key equal to the key. The Ruby library will automatically send this key in each request. • All API requests must be made over HTTPS. Calls made over plain HTTP will fail. You must authenticate for all requests. Example Request: require "stripe" Stripe.api_key = "sk_test_mkGsLqEW6SLnZa487HYfJVLf" Wednesday, August 14, 2013
12. References • https://www.paypal.com/webapps/mpp/merchant?nav=2 • https://www.paypal.com/us/webapps/mpp/digital-goods • https://payments.amazon.com/sdui/sdui/index.htm • https://stripe.com • http://www.itworld.com/consumerization-it/338024/how-process-and- accept-credit-cards-your-website • http://shopper.com/resources/articles/online-payment-options-google-paypal- amazon? Wednesday, August 14, 2013