The built-in Radium3 store solution just got even better. We've added two new payment processors, giving you even more options when it comes to how you receive payments through your store. Take a look at what's new below.
Stripe: A New Kind of Payment System
Radium3 now offers seamless integration with the Stripe payment system. Stripe is a fairly new tool, but is gaining a lot of support because of its unique approach to solving the e-commerce payment dilemma.
Stripe offers an all-in-one approach to payment processing. With Stripe, you don't need a separate merchant account or gateway. All you need is a bank account into which Stripe will transfer funds from your sales.
This all-in-one approach means that getting up and running on Stripe is fast and easy. To make it even easier, we've put together a support article with all the details you need to get started.
Stripe utilizes flat-rate pricing. Currently, Stripe charges 2.9% + $0.30 per successful transaction. Stripe allows you to accept payments on Visa, Mastercard, Amercian Express, Discover, JCB and Diners Club. Their transaction fees are the same no matter which card is used.
Currently, Stripe is only available to customers in the United States. You can accept payments from customers anywhere in the world, but you, as the store owner, must be in the US. They are working on adding new countries to the mix and you can sign up to be notified when Stripe is available in your area. You can get detailed information about Stripe on their Frequently Asked Questions page.
Payflow: a Granddaddy of E-commerce
Something old, something new — while Stripe is one of the newest payment systems on the market, Payflow is one of the grandaddies of Internet commerce. Formerly a part of VeriSign, Payflow is now owned by Paypal. Though the Radium3 store has allowed you to accept payments by PayPal from day one, standard PayPal payments are very different from the functionality offered by PayPal's Payflow.
Payflow is a payment gateway which works with an existing merchant account. If you already have a merchant account for accepting credit card payments, the Payflow gateway can allow you to accept online payments using that account. If you don't have a merchant account, you can set one up through a number of vendors.
Radium3 now allows seamless integration with the Payflow Gateway. All you need are a few pieces of information from your Payflow account. For more information about setting up and using Payflow, visit PayPal's Payflow Website.
Posted on Mon, November 21, 2011
by Tim Wall filed under