Payment processing types explained.
The Paytia Platform is integrated into the payment gateways of banks and gateway service providers. This allows customers of those organisations to process telephone payments in a secure manner using their existing payment facility.
Each payment gateway has a different set of available features Paytia can use to offer its customers secure processing. Paytia always tries to deliver the following payment types by default.
Note: these do vary from gateway to gateway.
- Immediate charge - a payment being processed in real-time between the user and the cardholder (customer).
- Reserve - this is also called pre-auth. It allows the user to place a shadow charge on the payment card but doesn't deduct the money until the reserve is finalised later on. This is great for deposits or taking payment as goods are shipped. Usually, the reserve will not last longer than between 3 and 30 days, depending on the payment gateway that is being used on your Paytia account.
- Validation - this validates the card will support a charge up to a certain value. It doesn't place any reserve on the card but does return a transaction ID which allows the Paytia user to collect part or full payment from the card within 30 - 90 days.
- Recurring payments - Paytia provides the user with the ability to set up repeat payment deductions from the customer's card. The payment schedule and recurrence can be set by the user at the point of card capture.
- Capture - Paytia will simply capture the card details and will ask the payment gateway to tokenized them so they can be stored on file and charged again on a payment schedule. This is great for businesses who need a secure way to capture their customer’s card details or to replace an existing stored payment card, but without their users being exposed to hearing the card details.