Payment Options with Magento (Community Edition)

Payment-Options-with-Magento

The current edition of Magento offers a variety of payment options, which means you have the ability to offer your customers a flexible range of choices when they reach the checkout page on your store.

Some of the payment options are integrated through popular gateways PayPal Payflow Pro and Authorize.net. These gateways allow you to accept major credit cards on your website and take advantage of advanced processing options. A merchant could theoretically enable both PayPal Payflow Pro and Authorize.net, however it’s simpler and more practical to only have one on your website.

Other payment options available through Magento are the ability to save credit card information, pay via check/money order, cash on delivery, purchase order, and bank transfer. These options do not require integration through a payment gateway.

Payment Methods

To configure the payment options for your store, navigate to System > Configuration > Sales > Payment Methods.

This page offers a full list of payment options that you can enable and configure for your store. Each payment method can be accessed by expanding its individual panel.

  • Merchant Location panel
    • Merchant Country: This is where you set the country for your store’s location. If you don’t specify a country here, Magento will use the default country from your general configuration.

Payment 1

Integration with PayPal Gateways:

PayPal is a method of payment that is quick, safe and trusted by your customers. By integrating PayPal into your Magento store, you can accept payments from all major credit and debit cards, as well as customers who hold PayPal accounts. You’ll notice upon viewing your Payment Methods that there are a number of different PayPal options available.

  • PayPal All-in-One Payment Solutions panel: This option that allows you to accept and process credit cards, as well as payments from PayPal accounts. Three different tiered options are available with varying features.

Payment 2

    • PayPal Payments Advanced (Includes Express Checkout): For a small monthly charge, the advanced option allows your customers to check out directly on your site, provides online, invoicing and mobile payment tools and simplifies PCI Compliance.
    • PayPal Payments Pro (Includes Express Checkout): The Pro option provides you with the ability to completely customize your website checkout, accept all major credit cards and payments from paypal accounts, activate on-site check out, and take advantage of the millions of active paypal users.
    • PayPal Payments Standard: The standard option comes without monthly fees or setup costs, instead there’s a small charge per transaction. It allows you to accept credit card and PayPal payments by adding a payment button to your site. Customers check out on the paypal site, then are redirected back to your site once payment is completed.
  • PayPal Payment Gateways Panel: These options let you use the PayPal gateway to connect your merchant account. Customers don’t have to leave your store to submit payment.

Payment 3

    • PayPal Payflow Pro (Includes Express Checkout): – Connect your merchant account with a fully customizable gateway that lets customers pay without leaving your site.
    • PayPal Payflow Link (Includes Express Checkout): Connect your merchant account with a PCI-compliant gateway that lets customers pay without leaving your site.
  • PayPal Express Checkout Panel: Add another payment method to your existing solution, or as a stand-alone option.

Payment 4

    • Adding PayPay Express Checkout to your website give customers the option of paying with PayPal. It operates as an additional payment option on your checkout page. Customers are redirected to the PayPal site to submit payment information, then returned to your store to complete their transaction. PayPay Express Checkout can operate as a stand-alone, or as a compliment to other payment options.
  • Saved CC panel: This option works if you do not have a payment gateway integrated into your website, but would still like to accept credit cards and process them offline. Orders placed using Saved CC appear in the admin with the card number, card holder name, and expiration date. (Please note: it might not be PCI compliant to save credit cards. Check the laws in your country!)

Payment 5

    • Enabled: Set this menu to Yes if you would like Saved CC activated.
    • Title: This field determines how the payment method will be presented to the customer during checkout.
    • New Order Status: Setting this option to Pending means that new orders will be classified as Pending until fully processed.
    • Credit Card Types: Choose the credit cards your store will accept. This field presents a row of options provided by Magento.
    • Request Card Security Code: Decide whether you would like to request the credit card security code when customers submit their credit card information.
    • 3D Secure Card Validation: This is a security service gateway that adds another level of security to credit card transactions. Verifies that the customer is actually the credit card holder.
    • Payment from Applicable Countries: You can set this option to either All Allowed Countries or Specific Countries. If you select Specific Countries, the countries in the next field will become clickable.
    • Payment from Specific Countries: Select the countries you will accept payment from.
    • Minimum Order Total: This field specifies the minimum total quantity acceptable to qualify for this method of payment.
    • Maximum Order Total: The maximum total quantity allowed for this method of payment.
    • Sort Order: This field determines where this option falls in the list of payment options on the checkout page. “0” is the highest placement, “1” the second highest, “2” the third highest, and so on.
  • Check / Money Order panel: Enabling this option means that your store allows customers to submit payment via check and money order.

Payment 6

    • Enabled
    • Title
    • New Order Status
    • Payment from Applicable Countries
    • Payment from Specific Countries
    • Make Check Payable to: This field lets the customer know the person or company name to write on the check/money order.
    • Send Check to: Enter the address that the check should be mailed to.
    • Minimum Order Total
    • Maximum Order Total
    • Sort Order
  • Zero Subtotal Checkout panel: This payment option can only be used if the subtotal in the shopping cart equals zero. This might happen if a customer has access to a discount that covers the full price of an item and selects free shipping. It’s only visible for orders that are created in the admin panel.

Payment 7

    • Title
    • Enabled
    • New Order Status
    • Payment from Applicable Countries
    • Payment from Specific Countries
    • Sort Order
  • Bank Transfer Payment panel: This option allows customers to make payment via a direct bank transfer to your merchant bank account. Check with your bank for transfer costs and an idea of the number of working days it might take for funds to reach your account.

Payment 8

    • Enabled
    • Title
    • New Order Status
    • Payment from Applicable Countries
    • Payment from Specific Countries
    • Instructions: Use this field to enter the instructions for your customers to set up a bank transfer. Check with your bank for the specific information that you need to include.
    • Minimum Order Total
    • Maximum Order Total
    • Sort Order
  • Cash On Delivery Payment panel: This option allows for customers to pay for their purchases upon delivery. It’s also sometimes known as Collect on Delivery or COD.

Payment 9

    • Enabled
    • Title
    • New Order Status
    • Payment from Applicable Countries
    • Payment from Specific Countries
    • Instructions: Include customer information on how to complete payment for the order.
    • Minimum Order Total
    • Maximum Order Total
    • Sort Order
  • Purchase Order panel: Enabling this option allows commercial buyers to place orders with purchase orders.

Payment 10

    • Enabled
    • Title
    • New Order Status
    • Payment from Applicable Countries
    • Payment from Specific Countries
    • Minimum Order Total
    • Maximum Order Total
    • Sort Order

Integration with Authorize.net

One of the mostly widely-used payment gateways for e-commerce stores, Authorize.net allows you to process credit cards, provides a PCI compliant shopping cart and more. For more detailed information on setting up your Authorize.net integration, visit How Do I Set Up Payment Gateways?

  • Authorize.net Direct Post panel: Credit card information passes directly to Authorize.net
  • Authorize.net panel: Credit card information passes through your site on its way to Authorize.net.

The Enterprise Edition of Magento also offers the following payment methods:

  • Gift Certificates/Cards (Physical and Virtual)
  • Customer Store Credits

Moneybookers

Underneath the payment options section in the left navigation, you’ll notice that there’s a section titled Moneybookers. You can access it from the admin panel by navigating to System > Configuration > Sales > Moneybookers.

Please note – this only applies to the Community Edition of Magento 1.4.0.1. If you’re running a different version, you can access it at Moneybookers (Now Skrill).

Moneybookers (or Skrill) can be helpful for international transactions, allowing you to accept a range of international and local payment options. It also offers an additional payment gateway option for your store.

Sarah has been with coolblueweb since 2012. She enjoys dance, movies and laughing at inappropriate times.

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