1. Connor Griesemer and Kevin Wu
3rd Party Payments
Connor Griesemer and Kevin Wu

2. Overview Definition PCI compliancy
Popular 3rd party payment processors
Demonstration
How to choose the right 3rd party payment plan

3. What is a 3rd party payment processor?
3rd Party payment processors allows you to accept online payments without a merchant account of your own.
The processor lets you use their merchant account under their own terms of service, usually with minimal setup requirements

4. PCI Compliancy Criteria of 3rd party payment processing vendors:
Install and maintain firewall configurations to protect cardholder data
Don’t use vendor default passwords
Encrypt data
Limit access to card-holder data to prevent security breaches
Track and monitor all access

5. Big Players Online payment marketshare -Paypal -Stripe -Authorize.net
-Braintree
-Bank API’s

6. PayPal
Serves as an electronic alternative to traditional paper methods
Easily one of the largest internet payment processors with over 203 million users
Cost: service fee of 2.9% + $0.30
Simple cart integration
Introduced one touch payment

7. A payment solution for selling to customers on web and mobile apps
Subsidiary of PayPal
Accepts credit, debit, PayPal, and more
Cost: identical service fee as PayPal
More functions
Used by Uber, Yelp, AirBnB, GitHub

8. Strictly mobile payment service owned by PayPal used to transfer funds
Cost: free! No transaction fees! Except when paying with credit card in which there’s a 3% fee
Not eCommerce viable
Social media aspect

9. 100,000+ businesses use Stripe (Target, Lyft)
Cost: identical service fee as PayPal & Braintree
Emphasizes on security
When using Stripe.js, credit card information is sent directly to Stripe instead of being stored on your servers

10. Authorize.net
# of users: millions
Subsidiary of Visa
Credit card e-commerce payment management company
-Process online payments
-Streamline online fraud management
-Simplify payment security
Cost: $49 set up fee, $25 per month, $.30 transaction fee
Integration: Fully customizable API
Level Expert

11. Example integration

12. Choosing the right 3rd Party Payment Plan
Plugins for wordpress, Shopify
Degrees of integration
Cost comparison