Authorize.Net is one of the most popular payment processing companies. They offer a wide range of products and services, including merchant accounts, ecommerce software, recurring billing solutions, and much more. In addition to those offerings, they also provide a number of different payment options for merchants. One of those options is called authorize.net express. This option allows you to accept payments via credit card, debit card, gift card, and even Bitcoin. You can use it either for free or pay a monthly fee. Let’s take a closer look at what authorize.net express has to offer.
Authorize.net is a leading provider of online payment solutions for businesses worldwide. As a merchant services provider, they provide merchants with access to credit card processing via their network of over 500,000 financial institutions. This allows you to accept payments online without having to worry about how to process transactions.
Their payment gateway offers secure, PCI compliant options for accepting credit cards. You can choose to use either a hosted option or a self-hosted one. They also offer a variety of reporting tools that help you track your sales and manage your finances.
Authorize.net offers both a gateway-only plan and an ACH plan. In addition, there is a fee associated with each type of electronic check. If you decide to use ACH payments, you’ll pay $0.15 per transaction plus a monthly fee of $9.95. If you prefer to stick with the gateway-only option, you’ll pay $1.00 per transaction plus a monthly charge of $19.95. You won’t be able to use both options simultaneously.
Advanced Fraud Detection helps prevent fraudulent purchases before it happens. Customers can now use Authorize.net’s Customer Information Manager to save payment and shipping information so they don’t need to reenter it each time they make a purchase. This feature is especially useful for recurring billing, where customers can set up automatic monthly bills for subscriptions and automatically pay for them every month.
Recurring Payments allow customers to choose how many installments are paid per month, select whether to pay the entire amount upfront or split it into smaller amounts over time, and set a due date for the next payment. They can even set up automated reminders to remind them when to pay.
Benefits of Authorize.net
Authorize.Net offers several benefits over traditional payment gateways such as PayPal. Here are some of the most important ones.
1. Lower Transaction Fees
Authorize Net Reviews – The transaction fees charged by Authorize.Net are lower than those charged by PayPal. This makes it easier for merchants to accept credit cards without worrying about high fees.
2. More Payment Options
PayPal limits the number of types of payments you can accept. For example, you cannot accept both debit and credit card payments. With Authorize.Net, however, there are no limitations. You can accept almost every type of payment except gift cards.
3. Faster Payments
PayPal takes up to 3 days to process online transactions. In comparison, Authorize.Net processes transactions within minutes.
Opportunity to streamline
The number of merchants accepting credit card payments online continues to grow. A recent survey found that nearly half of small businesses are now offering customers the option of paying via credit card. And according to one expert, it’s easier than ever to set up an online payment system.
“With the rise of mobile devices and the popularity of digital wallets, it makes sense that we’re seeing an increase in the use of online payment methods,” says Mike Mancini, CEO of Merchant Flow. “This trend is especially true among smaller retailers who lack the resources necessary to maintain a brick-and-mortar location.”
Mancini says there are several types of online payment systems, including those that require a merchant account. But he notes that many people aren’t aware of the benefits of a third-party solution such as his firm’s.
“We provide a simple way for merchants to accept credit cards online,” explains Mancini. “Our platform eliminates the need for a merchant account because we handle everything – from customer authentication to transaction authorization. We even process refunds and returns.”
In addition to simplifying the setup process, Mancini says that Merchant Flow offers some additional perks. For example, the company provides free fraud protection and PCI compliance. Plus, merchants can take advantage of a variety of discounts offered by major banks.
Transparent rates, no hidden fees
Authorize.net offers small businesses transparent pricing that allows them to see exactly what it costs to accept credit cards online. They offer flat monthly rates that don’t change based on volume or transaction type. This makes it easy for merchants to plan ahead and budget for future growth. Plus, there are no additional charges for recurring payments like late fees, overages, or foreign currency conversion fees.
Drawbacks of Authorize.net
Merchants are reporting that the admin site for Authorize.net is confusing and hard to use. They complain that the admin site lacks organization and navigation, and that it’s not intuitive enough. Merchants also report that the admin site isn’t up to date, and that it looks outdated and dated.
Authorize.net says that merchants must upgrade to the latest version of the software, and that there are no plans to make changes to the admin site. “We’re working to address some of the issues you’ve brought forward,” the company told us via email. “There is no plan to change the look and feel of the Admin Site.”
The admin site is where merchants set up recurring billing, manage customer accounts, and view reports. As of now, the site doesn’t allow merchants to edit their settings or add custom fields.
More expensive to sign up through Authorize.net
Authorize.net charges merchants $10 per month to process credit cards online. But there are cheaper options out there. Some companies charge just $3-$5 per month. These third party resellers are typically smaller businesses that don’t want to deal with the hassle of dealing directly with Authorize.net. They do it because they know customers like what they sell and they make a profit off each sale.
Go through a middleman will help you keep costs down. You won’t pay anything upfront, and you’ll avoid paying fees for things like fraud protection and refunds. And since you’re working with a larger company, you can negotiate lower rates.
Third party resellers offer better rates. If you use Authorize.net, you might find yourself stuck paying high fees. A third party reseller could give you a better price.
How to set up an Authorize.net account
Authorize.net offers three different plans for merchants. They are called “All In One,” “Gateway Only,” and “Hosted.” This guide explains what each plan provides and how it works.
The “All In One” plan includes everything needed to accept credit card payments online. If you already have a merchant account, this is the best option because you don’t have to pay extra fees. However, if you’re starting from scratch, you’ll need to sign up for the “Gateway Only” plan.
You can learn more about the differences between the three plans here.
Alternatives to Authorize.net
Authorize.net is one of the most popular gateway providers for ecommerce businesses. But it isn’t the cheapest option out there. There are plenty of alternatives to help save money on payments processing. Here are some of our favorites:
Braintree offers a wide variety of payment options. They offer credit cards, debit cards, Apple Pay, Google Wallet, Venmo, PayPal, Amazon Payments, Dwolla, Stripe, Authorize.net, Square Cash, Bitcoin, Litecoin, Dogecoin, Ripple, Stellar, Ethereum, Monero, Dash, Zcash, BitcoinCash, and many others. You can even use your phone number as a bank account.
They charge a flat fee of 3% + $0.30 per transaction. This includes all transactions, including international transactions. If you are taking payments outside of the US, it might cost you more to process those transactions.
Authorize Net is a company that sells credit card processing services. They provide their customers with access to over 500 million credit cards through their secure network. The company has been around since 1999 and has grown into a major player in the credit card processing space.
As a customer, you should always check out the reviews before signing up for any service. If the reviews aren’t positive, then don’t sign up.