The payment provider is chosen based mostly on many different criteria. Some of these are the service availability in the country the place your bank account is, costs of a transaction, monthly charges, the prices of integration, and whether it resolves sales tax issues or allows for integration with some other well-known payment solutions. Many of these questions must be answered by You the client. Stripe is our preferred alternative as it had wonderful API capabilities. This article will use Stripe as its payment processor of choice.

Best Practices for payment providers

Retry if transaction did not succeeded

The transaction would possibly fail not only resulting from technical reasons however generally inadequate funds could be the reason. It is best to retry processing the transaction between an hour to couple of days later.

Know when your CC will expire

Among the card particulars will expire or their data will not be valid for numerous reasons. If you don’t have legitimate CC data charging the client will not be possible. The key card schemes provide a service that lets you check if there are any updates pending for the client data that you simply store. A number of the online payment options will even replace card information for you. Stripe will do this for the majority of MasterCard, Discover, and Visa cards. Not only CC.

Be aware that in some parts of the world people are not willing to pay with their Credit Card

The very best example of this is China when Alipay is the main payment source. It is price noting that not all shoppers are glad giving away their card details so utilizing a well-known payment methodology helps to increase the completion rate of potential transactions. Stripe additionally helps Alipay for China and for Europe Giropay, iDEAL

We would like to have PayPal

Typically purchasers just want to use PayPal as they’re acquainted with the brand. Do not be cussed – Stripe will assist to maximise your profit. Stripe and Paypal are direct competitors there isn’t a integration between them.

Best practices while using the Stripe payment process

PCI compliance with Stripe

Most customers turn out to be PCI compliant by filling within the Self-Evaluation Questionnaire (SAQ) provided by the PCI Security Standards Council. The type of SAQ will depend on the way you gather card data. The only methodology of PCI validation is SAQ A. The fastest way to grow to be PCI compliant with Stripe is to make sure you qualify for a prefilled SEQ A. If that’s the case Stripe will fill the SEQ A for you and will make it available for you to download to your account’s compliance settings after the first 20 or so transactions. The way to achieve this is as follows:

– Use the Embedded kind called Checkout, Stripe.js and Parts (it provides higher format customization then Checkout). You need to use react-stripe-elements which makes use of Stripe.js API or Stripe mobile SDK libraries. If you’re using react-native go with tipsi-stripe. ipsi-stripe bindings aren’t officially supported by Stripe so support will not officially inform you that they qualify for prefilled SEQ-A compliance – however they do.

– In case you are using web serve your payments pages should use HTTPS.

In all those cases data is securely transmitted directly to Stripe without it passing via your servers. When you select the fastest way you will not should do anything more. It is as simple as this till you reach 6 million transactions per year then you definitely will should fill a Report on Compliance to validate your PCI compliance annually.

Put together for technical failure – Idempotency key

If you are using API to take payments you could put together for a technical failure as all networks are unreliable. If failure happens wit isn’t always doable to know if a cost was made or not. Within the case of a network failure you must retry the transaction. The Idempotency key is a prevention mechanism towards charging a customer twice. If for some reason you submitted the payment twice – which could occur because of retrying operations after a failure. In Stripes node lib you just add it to options parameter while charging. Each Idempotency key will trip after 24 hours so after that time should you make a payment with the same Idempotency key you will charge the client.

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