Authorize.net was founded in 1996 and has taken consistent steps forward to keep it’s system in sync with PCI compliance and modern other security standards. It’s service as a payment gateway provides a more secure way for both merchants and consumers to conduct business online.
For merchants, to use Authorize.net (unlike Braintree, Paypal, Stripe, Amazon Payments and others) you need to have a merchant banking account, and then Authorize.net is connected to it. There is a small monthly fee for Authorize.net, in addition to any merchant bank fees.
The Benefits of Integrating Authorize.net
Accepts All Major Credit Cards: Authorize.net’s software acts similar to a credit card swipe machine that your customer would use in any brick-and-mortar store. The amount is then deposited in your merchant account.
Additional Payment Methods: Authorize.net also accepts payments in the form of echecks, debit cards, Paypal, Apple Pay, and Visa Checkout. Authorize.net can accept payments made–using these methods–from any international location.
Fraud Prevention: Authorize.net offers a suite of tools for managing fraud prevention, including address verification and card code verification.
Benefit of Hosted: Authorize.net is a hosted service, which means you don’t have to store sensitive information on your own servers, or even install any management software. You can access your Authorize.net merchant panel through a browser.
PCI Compliant: Authorize.net is, of course, PCI compliant and provides you with a logo sticker to place anywhere on your website as an assurance to your customers. There are other considerations for PCI compliance for merchants (like where the customer credit card input forms are) that determine your risk category for PCI.
Subscription Management: You can use Authorize.net to handle single purchases as well as recurring subscription charges.
Most Magento® eCommerce websites we build integrate Authorize.net because Magento includes it with their installation. That, in addition to the simple and expedient process of integrating it, makes it the payment system we work with most frequently. Authorize.net is one of the simplest payment gateways on the market, simple to use, easy to manage, and provides added security for merchants. For small to mid-size level businesses, with existing merchant accounts at their bank, adding Authorize.net as your payment gateway is a simple step.