What are Hosted Payments?
In addition, you don’t need to work with a third party to add payments to your customers' ecommerce websites. You can work directly with your payments partner to set up Hosted Payment Pages for them.
How does a Hosted Payment Page work?
This is the common factor that all hosted payment solutions share: sensitive data is only allowed into the payment service provider's environment, reducing PCI responsibility for merchants and software vendors, and offering secure payments with a frictionless checkout experience for customers.
Types of Hosted Payments
Plugins
Hosted Pages
Depending on the hosted payment page product used, some coding may be required. You may need to create the form in HTML and submit it to the payment company to be hosted on their servers. However, EPX Hosted Checkout comes with the user interface shown below so merchants can simply drag and drop to design their checkout form.
Payment Links
Once you've designed your payment page, Payment Links can be sent to customers by email or text message, simply by copying and pasting the Payment Link URL — or use auto-generated code to place a button on your website or social media platforms that opens your checkout page. Some payment partners may also provide functionality to share your checkout link as a scannable QR code on printed or online materials.
Once your customer opens the payment link, they'll be directed to a secure checkout page where they can choose or enter a payment amount, fill in their information, and complete the transaction.
iFrames
North's iFrame JavaScript SDK also enables businesses to add a payment button to their ecommerce site and customize the hosted payment form fields. When the payment page loads, the SDK turns the hosted div fields into iFrames that are completely managed by the payment gateway provider.
With an iFrame payment solution, software can also use payment processing API calls that enable the merchant to manage refunds and voids using the secure transaction tokens that are returned from the initial sale.
Benefits of Hosted Payments for ISVs
- Low-code and no-code options
- Multiple payment methods, including digital payment services such as Google Pay
- Simple checkout processes, reducing cart abandonment
- Easy setup for recurring billing and subscriptions
- Enhanced security to meet PCI compliance requirements and protect customer data
Additionally, some integration options are so easy that people without development experience can set them up. Hosted Payments are designed to make it easy for your clients to accept online payments.
How To Make a Smooth Transition to Ecommerce
Analysts from eMarketer forecast that US retail ecommerce sales will reach $1.72 trillion by 2027, hitting a milestone of more than 20% of overall retail sales. This means ecommerce sales are set to maintain an increase of more than 10% every year from 2024 through 2027.
Brick-and-mortar merchants who want to remain competitive must accept orders and payments online, and hosted payments allow businesses to quickly integrate payments so they can enter the world of ecommerce business.
However, businesses entering uncharted ecommerce territory may mean that ISVs need to expand their horizons as well. It’s particularly true for ISV businesses that primarily provided on-premises solutions integrated with card-present payments in the past.
How To Get Started
Contact us to learn more about hosted payments and how to help your clients and your development team make a smooth transition to ecommerce.