Authorize.net Payment Gateway Solutions

Authorize.net Payment Gateway Features

The above explained the basic, essential function of payment gateways in payment processing. However, Authorize.net gateways include the following features:

With these practical features, among many others, your authnet gateway can be tailored to address your business’s current needs, as well as new needs arising as your business grows.

Authorize.net’s built-in virtual terminal enables businesses to facilitate online payments. Additionally, an authnet virtual terminal allows you to manually submit keyed-in credit card or digital payment information. Refunds may also be issued through a virtual terminal.

Simple invoicing is a process whereby businesses can create and send invoices to their customers electronically, without the need for paper or other physical documents. With Authorize.net’s simple invoicing system, your customer is transported to a PCI-compliant form to complete payment. This Authorize.net feature is a convenient, secure solution for businesses that regularly bill customers.

With Authorize.net, you have the option of billing customers on a single basis or enrolling customers into automatically recurring payments. With single billing, also known as one-time billing, your customers are charged once for the product or service you provided. Meanwhile, recurring billing is a type of subscription-based payment in which customers are charged on a continuous basis for access to a product or service. Typically, automated recurring billing is scheduled to bill on a monthly or annual basis.

Authorize.net’s account updater feature automatically updates credit cards on file, keeping subscription information up-to-date for recurring subscriptions. Ensuring transactions do not decline due to outdated card information, you may not realize just how much you need this feature until you have it.

Authorize.net's Advanced Fraud Detection Suite (AFDS) is a set of tools designed to protect eCommerce and mail order/telephone order (MOTO) transactions from fraudulent activity.

AFDS tools aim to proactively prevent fraud based on the following:

1. Velocity: This filter analyzes the speed at which transactions take place to detect patterns of behavior that may indicate fraudulent activity. You can customize daily and hourly limits to control your business’s number of allowable transactions per customer.

2. Shipping Address: This system checks whether a customer's shipping address is valid before authorizing a purchase. Customers’ addresses are validated through a database of known addresses. If the address is not found, the transaction declines.

3. IP Address: You may block transactions submitted from IP addresses known to be the source of suspicious or fraudulent transactions. When a transaction is submitted from a blocked IP address, the transaction automatically declines.

4. Transaction: The issuing bank confirms the accuracy of information provided by the customer. If the issuing bank determines the provided information is inaccurate or meets criteria indicating suspicious activity, the transaction declines.

Level II & III processing is a method of payment processing requiring more detailed transaction information. This may include information such as applicable sales taxes, shipping charges, and purchase order numbers. Level II and Level III transactions are considered more secure due to the additional information provided. As such, transactions channeled through Level II and Level III processing typically qualify for lower credit card processing rates, increasing your business’s bottom line.

Authorize.net’s selection of hardware includes devices equipped with EMV chip technology. Additionally, Authorize.net offers mobile card readers that enable you to accept credit and debit card payments on the go! Of their mobile options, the most popular devices are the BBPOS Chipper and the Magtek USB swiper. Both of these readers are PCI compliant, capable of encryption, and integrated with Authorize.net’s virtual point-of-sale (VPOS) system.

Supported Payment Types & Currency

Authorize.net supports merchants located in the United States, Canada, the United Kingdom, and Europe. If you are based in the aforementioned supported locations, you may accept international payments from any location. Though, you should ensure the fraud settings on your Authorize.net account allow for international payments.

Additionally, your payment processor determines limitations on the number of acceptable international transactions, as well as additional fees associated with those transactions. Thankfully, PaymentCloud can connect merchants to payment processors specializing in international payments.

Frequently Asked Questions (FAQs)

Is Authorize.net safe?

Authorize.net is one of the most popular payment processors in the world—and for good reason! The company offers a secure and reliable platform that businesses can rely on.

Is Authorize.net PCI compliant?

Yes, Authorize.net is PCI compliant. It has partnered with SecurityMetrics to ensure its products meet all industry standards regarding security and data protection. Additionally, Authorize.net offers a wide range of features that help businesses protect their customers' data, including fraud detection and prevention, data encryption, and tokenization.

Who owns Authorize.net?

Authorize.net was founded in 1996. In 2010, Visa, Inc. acquired Authorize.net for $2 billion. Currently, it is a subsidiary of Visa.

How long does Authorize.net take to deposit money?

Authorize.net’s payment gateway simply transfers transaction information. Your payment processor is the party that deposits transaction funds into your account, typically within 1-3 business days.

Is Authorize.net a payment gateway or payment processor?

Authorize.net is a payment gateway. Your payment processor connects to your authnet gateway. Your payment gateway and payment processor work in tandem to complete transactions.

How much does Authorize.net charge overall?

How much Authorize.net charges depends on the features required for your business. For example, fraud security features may come at an additional cost. But when you partner with PaymentCloud, we provide you with a bundled, cost-effective package. This includes a merchant account and an Authorize.net account at a significantly lower price than what our competitors offer.

What is Authorize.net used for?

Authorize.net transmits sensitive data to your payment processor. Because a website alone does not have the proper infrastructure to transmit transaction information securely, integrating with Authorize.net is necessary if you want to accept online payments. Additionally, Authorize.net may be used as a secure mechanism through which you can manually enter transactions for processing.

Does Authorize.net integrate with Shopify?

Yes, Authorize.net integrates with Shopify seamlessly.

Does Authorize.net support ACH payments?

Yes, Authorize.net allows you to accept ACH payments. Additionally, PaymentCloud offers ACH payment solutions for many industry types.

Can I integrate Authorize.net with Quickbooks?

Authorize.net is able to integrate with QuickBooks through either the Connex or Commerce Sync plugins. These data integration tools connect your accounting software to Authorize.net. This is a great solution for businesses that want to automate payment processing and streamline business operations.