Easy InnKeeping interfaces with the global gateway providers, such as Authorize.net and CC Avenue to provide credit card processing to our clients. These ‘payment gateways’ connects Easy InnKeeping to any existing merchant account for secure online transactions.
Easy InnKeeping also interfaces with Stripe and PayPal, for properties that prefer this payment processing option over the traditional merchant account.
For clients that do NOT use a credit card processor in Easy InnKeeping but want to store credit card numbers, TokenEx is enabled to ensure secure storage.
Credit Card Setup
Before linking Easy InnKeeping to a credit card option, client needs to either choose a processor, or have TokenEx enabled.
Display Features
If no credit card processor is setup during Free Trial, a new customer will have TokenEx enabled under Add On Features.
If the client is using any credit card processor, those options will be enabled in Display Features, and the Tokenization is selected in display features.
Credit Card Setup
- The Credit Card Type that should be available during payments is done here.
- To go Credit Card click on Setup>> Accounts >> Credit Card in Menu.
Note : The credit card types that are enabled here are the only ones that will be displayed in the “Payment Type” drop down while logging a reservation. The credit card setup and validation screen appears as below,
Steps:
- Select the Credit Card Types by making a “Tick mark” on the checkbox of corresponding Card type.
- TokenEx users:
If user is only storing credit cards in Easy innkeeping, they can choose whether to make credit card information mandatory or not.
- Select “Validation Required” if Credit Card information is mandatory.
- Select “No Validation” if Credit Card Information is not required.
- Select “Authorize.Net, Stripe, Paypal, or CCAvenue “ if using real time processing and follow instructions for entering or linking their credit card processing account to Easy InnKeeping.
- Once done click on Save Changes Button.
https://cart66.com/blog/payment-gateway-vs-merchant-account/
Payment Gateway vs Merchant Account
Updated: April 25, 2017
If you want to sell something online you need both a payment gateway and a merchant account. But, do you know the difference between a payment gateway and a merchant account? If you don’t, setting up an e-commerce website can get confusing and you could get hit with unexpected fees.
What is a payment gateway? (authorize.net)
A payment gateway is the service that processes credit card transactions for you. When your customers are buying something from your online store they enter ther credit card numbers during the checkout process. Your online booking site sends that credit card information to your payment gateway to authorize the transaction and process the payment. If the credit card information submitted to the payment gateway matches the information on file with the credit card company and the charge is approved the payment gateway will then transfer the money from your customers credit card into your merchant account.
What is a merchant account?
Everybody talks about payment gateways but merchant accounts are really the more complicated of the two. The merchant account is basically an online bank account that will temporarily hold your money (you are the merchant) until it is moved into your actual bank account. After a successful sale, money will me transferred into your merchant account and it will sit there for a few days, usually between 2 and 7 days, then, in most cases, it will automatically be transferred into your bank account – the one that you actually think of as your bank account where you deposit checks and so forth. You can sort of think of your merchant account as a temporary holding tank for the money that comes in from online sales.
Dedicated vs aggregate merchant accounts
There are two different types of merchant accounts. A dedicated merchant account is an account set up just for you, the merchant. This is like your very own online bank account set up just for your online business. If you set up an account with a payment gateway like Authorize.net you will also get a dedicated merchant account. With a dedicated merchant account you can often negotiate custom rates for your sales. The rates are based on the volume of sales you process and the types of products you sell.
If you like the idea of having more control over your money and the ability to negotiate custom rates, you may want a dedicated merchant account. To get a dedicated merchant account you and your company will need to go through a fairly in depth credit check and underwriting process. This takes time and involves faxing over bank records and other information about yourself and your business.
An aggregate merchant account is one where your money gets dropped in a pool with a large number of other companies. PayPal and Stripe are examples of services that provide aggregate merchant accounts. You still need to provide some information about your company and the types of products you intend to sell, but the process of getting connected with an aggregate merchant account is far less complicated and faster. The downside is you have a little bit less control over how long it takes to get your money and you generally can’t negotiate the rates.
Getting your money
With a dedicated merchant account most of the time will get your money in about 2 days. That means 2 days after the sale on your website, the money will be sitting in your normal, business bank account. With an aggregate merchant account it will usually take longer. For example, Stripe holds your money for 7 days before transferring it into your bank account. PayPal will hold your money in your PayPal account indefinitely until you either spend the money by paying for something with the money in your PayPal account or you request the money to be transferred to your bank account. Once you request the money to be transferred, it takes about 5 business days to arrive in your bank account.
PCI Compliance No Matter What Gateway You Choose
No matter what payment gateway you choose, you still need to make sure you shopping cart and website are PCI compliant.