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Payments Method

Payment Method

Admin >> Store Configuration >> Payment Method

This section enlists all the payment methods available on your storefront. Some of the common payment methods are – cash, cheque, credit or debit card, net banking, or any other payment services such as PayPal.

Customers can choose any payment method at the storefront depending upon the payment method conditions and availability of the method.

Admin can set any payment method as the default one, once a method is set to default, its status cannot be modified.

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Manage Payment Status

Admin > Store Configuration > Payments Method > Manage Payment Status (Top Right Corner)

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You will be able to update the payment status from the order listing page from the order update pop-up.

  • Manage various payment statuses from this section. Add, edit and delete payment status according to your business model.
  • To add a payment status, enter the status titles, select the type i.e. whether to keep it paid or unpaid and save the details.
  • Some of the possible payment statuses are –
    • Pending – The payment is still pending from the customer’s end.
    • Success – The payment was done processed and accepted successfully.
    • Canceled – Admin stopped the payment or it was canceled by the customer.
    • Rejected – The payment was rejected by Admin or not accepted by the bank.
  • You can even create a payment status for each payment method, on successful payment through that specific payment method the mapped payment status will be set.
  • There are two payment statuses already existing in the system namely – Paid and Unpaid. These payment statuses cannot be deleted or deactivated, you can only edit their Title.

You can also set the payment status for an order from Order Listing Page in the order update pop-up.

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Processing Fees Configuration

Admin Panel >> Store Configurations >> Payment Methods >> Processing Fees Configuration (top-right corner)

Payment processing fees are the costs that merchants incur while processing payments from their customers.

This processing fee is dependent on the level of risk of the transaction, type of card, and the pricing model preferred by the payment processors.

Examples of the high-risk transactions can be e-commerce transactions, and over the phone transactions, they come with high processing fees whereas low-risk transactions such as physical swiping at a payment terminal will have no processing fees.

According to your business model and risk-levels of transactions you can add multiple processing fees for different payment methods like for Pay On Account. PayPal Standard, Cheque, Credit/Debit Cards, etc.

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As shown above, you can add payment processing fees for different Payment Methods. Fill up the form with the necessary details. The fees added can be country-specific or applied to all counties.

Processing Free –

  • Percentage – For every transaction amount you can add a percentage to be charged as payment processing fees. This is also called an interchange-plus pricing strategy.
  • Flat Fees – This is the amount that the payment processor will charge regardless of the transaction total.

Enable/Disable Payment Processing Fees Configuration

You get the facility to configure processing fees on selected payment methods. Follow the path - Admin>> Store Configuration >> Site Setting >> Store Confuguration tab >> Search Payment Processing Fees

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Configure Payment Method

Admin > Store Configuration > Payments Method > Action dropdown

Edit: Quick link to modify setup of existing payment method.

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  • After Success, Order Status - For every payment method, you can decide which Order Status will apply each time an order is successfully placed by the customer.
  • Invoice and Payment Note - You can choose to enter an Invoice/Email note that will be displayed to customers in the invoice and order confirmation mail depending on the payment method they choose. You can also choose to enter a payment note that will be displayed to customers depending on the payment method they choose.
  • Payment Status - You can also map a payment status with the payment method which will be set if payment is made through the specific payment method. Here, all the payment status created in the ‘Manage Payment Status’ will be displayed.
  • Payment Due Days - Payment due days or date is the date when the payment should be received by the company against the invoice generated. This helps in calculation of payment due date which is added to the invoice.
  • Note - If Admin has configured both the days' fields then the system gives first priority to Customer Specific Days but if Customer Specific Days are not added then the Payment Method specific due days are taken into consideration.
  • Payment Title – This is the title that will be available to the customers at the checkout page. Keep it short and easy to understand by the customer.
  • Payment Method Disable Rule – Restrict the availability of a payment method at the checkout page for a specific price range i.e. to the product sub-total before redeeming the coupon or discount. Moreover, select none for no restriction.
    • For every payment method Admin will find this setting – ‘Payment Method Disable Rule’, which contains three options namely None, Greater or Equal To and less or Equal To. 
    • Admin can set different amounts in different payment methods as per their business model. The disables Payment Methods will be displayed at the ‘Express Checkout Payment Page’ and ‘Direct Payment Page’.

    Note – Admin will not be affected by the Payment Method Disable Rule.

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Note – The above-shown configuration page in the image is of cheque only. The configuration requirements differ for each payment method, thus their edit pages are also different.