Payment Features

Payment Features

1. Authentication:

• Securely authenticate API requests using API keys, OAuth tokens, or other authentication mechanisms.

2. Discounts/Coupons:

• Apply discounts or coupon codes to reduce the order amount or offer special promotions.

3. Shipping fees:

• Calculate and include shipping costs based on delivery address, shipping method, and product weight/dimensions.

4. Taxes:

• Calculate and apply appropriate sales tax, VAT, or other taxes based on the customer's location and applicable regulations.

5. Currency conversion:

• Support multi-currency transactions and automatic currency conversion based on current exchange rates.

6. Payment methods:

• Accept various payment methods, such as credit/debit cards, digital wallets, bank transfers, and cryptocurrencies.

7. Subscription billing:

• Manage recurring payments and subscriptions with options for trial periods, billing intervals, and flexible pricing.

8. Refunds:

• Process full or partial refunds, including the ability to issue refunds automatically or manually.

9. Fraud prevention:

• Implement fraud detection and prevention mechanisms, such as risk scoring, address verification, and 3D Secure.

10. Custom metadata:

• Allow attaching custom metadata to transactions for better tracking, reporting, and analysis.

11. Webhooks:

• Send event-driven notifications to configured endpoints for real-time updates on payment events, such as successful payments or failed transactions.

12. Customer profiles:

• Manage customer information, including payment methods, addresses, and preferences, for a smoother checkout experience.

13. Reporting and analytics:

• Access detailed transaction reports, payment summaries, and analytical insights to monitor performance and optimize the payment process.

14. Invoice generation:

• Automatically generate and send invoices to customers via email or other communication channels.

15. Payment plans:

• Offer flexible payment plans, such as installment plans or pay-later options, to customers during the checkout process.

16. Split payments:

• Enable splitting payments between multiple parties, such as merchants and affiliates, or handling marketplace transactions.

17. Tokenization:

• Securely store sensitive payment information using tokens, reducing PCI compliance requirements and enhancing security.

18. Internationalization:

• Support localization features, such as displaying prices in local currencies, language translations, and regional tax rules.

19. Error handling:

• Provide detailed error messages and appropriate status codes for easy identification and resolution of issues during the payment process.

20. API rate limiting:

• Implement rate limiting and throttling mechanisms to ensure fair usage of the API and prevent abuse or performance issues.

21. Customizable checkout:

• Offer customizable checkout experiences, including the ability to add branding, modify UI elements, and integrate custom functionality.

22. Card updater:

• Automatically update expired or changed card details for customers with saved payment methods, reducing the risk of failed transactions.

23. Saved cards:

• Allow customers to save their card information for faster and more convenient future transactions.

24. Payment links:

• Generate and share unique payment links for customers to complete transactions without the need for a full checkout process.

25. Pre-authorization:

• Reserve funds on a customer's card without charging them immediately, allowing for delayed captures or adjustments to the transaction amount.

26. Partial captures:

• Support partial captures for situations where only a portion of the authorized amount needs to be charged (e.g., backordered items).

27. Void transactions:

• Cancel authorized transactions that have not yet been captured, releasing the reserved funds back to the customer.

28. Delayed settlements:

• Delay the transfer of funds to the merchant account, providing time for additional checks or verifications.

29. Account updater:

• Automatically update customers' saved payment methods when they receive a new card or their card information changes.

30. Level 2/3 processing:

• Support enhanced data processing for business-to-business (B2B) transactions, potentially lowering interchange fees and improving reporting.

31. Chargebacks and disputes:

• Handle chargeback and dispute processes, providing merchants with tools to contest and resolve customer claims.

32. Payouts:

• Automate and manage payouts to merchants or other recipients, including options for scheduling, batching, and customizing payout amounts.

33. Recurring billing reminders:

• Send notifications to customers before their recurring payments are due, helping to reduce chargebacks and improve customer satisfaction.

34. Multi-account management:

• Manage multiple merchant accounts or sub-accounts under a single API integration, simplifying the management of multi-store or multi-vendor platforms.

35. ACH processing:

• Accept Automated Clearing House (ACH) payments, enabling customers to pay directly from their bank accounts.

36. Gift cards:

• Support the integration and management of gift cards as a payment method, including balance inquiries, redemptions, and reloads.

37. Mobile SDKs:

• Offer mobile software development kits (SDKs) for seamless integration of the payment API into native mobile apps.

38. Payment Request API:

• Leverage the Payment Request API to simplify the checkout process for users on supported browsers and platforms.

39. Compliance and regulatory support:

• Provide tools and resources to help merchants comply with industry regulations, such as PCI DSS, GDPR, and PSD2.

40. Sandbox environment:

• Offer a sandbox environment for developers to test and experiment with the API without affecting real transactions or incurring fees.