For the majority of its existence, eWAY has served as a payment gateway between your website, your merchant account, and your company bank account (which may be with the same bank or different ones). Additionally, it has introduced an all-in-one solution, so you are no longer required to have a commercial bank account. If you’re new to online retailing, this may be a benefit since obtaining a merchant account may be a laborious and time-consuming procedure. Additionally, there is a remarkable disparity in the costs charged by each bank. Everything relies on a variety of factors, like your experience level, risk tolerance, credit score, kind of company, etc.
How to choose the finest e-way service for you
Depending on your monthly online sales, you may choose between a merchant account with Eway Gateway and the all-One package. Two alternatives exist for the All-in-One plan:
- If your monthly income is less than $9000, consider bootstrap. 2.2% in fees + 30 cents each transaction
- If your monthly income is greater than $9,000, consider a growth plan. Fees are 2% + $0.25 for each transaction and a $20 monthly charge.
You can obtain a few free transactions each month and lower transaction costs when customers apply with a merchant account using the eWay Gateway option, but there is a sizable yearly charge. Additionally, you must pay the bank’s merchant fees.
Configuring eWAY
Whether you utilize an All-in-One service or a Payment Gateway service will affect the setup procedure. Both need to fill out application forms and create an eWay account. Once authorized, you or your web techie must connect the eWay system with a shopping cart on your website before you can start accepting payments through credit card and Paypal via your eWay facility.
The method of payment
The information from your customers’ credit cards or PayPal accounts is securely collected by eWAY, sent to your merchant bank account, and finally transferred to your company account. This implies that when clients pay you, they are not taken off your website. However, a secure internet shopping cart page is necessary for taking payments (eg: an https page with a security certificate).
Paying using a mobile device
Through Mobile MYeWAY, eWay provides mobile payment options that are perfect for small company owners or for collecting payments during events. You may accept credit card information over the phone or in person and input it immediately into your portal by using eWay to acquire access to your online portal. After input, the cc information is still encrypted. The website is mobile-friendly, so you may use it on any mobile device to accept immediate payments or issue refunds. It also sends an invoice to the client.
Paid subscriptions
If you’re offering training, membership, software, or any other kind of product or service with a fixed weekly, monthly, or yearly feed, eWay is ideal for setting up recurring payments (subscriptions). Once everything is set up, you can simply set it and forget it, and payments will be taken automatically from your customer’s credit card or Paypal account.
eWay’s online payment features
- A pay-as-you-go system
- fast resolution
- 24/7 technical assistance
- Free fraud defense
- No lock-in agreements, no additional costs
- Bypass the bank telephone queues.
- Additional payment options: digital wallets, credit, and debit cards
MyEway
The MyEway Portal allows you to keep track of all of your transactions, including manual and ad hoc ones made using your Virtual Terminal, in one location. You may view a variety of information using the portal’s advanced features to have a better understanding of buying trends, settlement breakdowns, and refunds.
Safe payment methods and PCI DSS compliant
The maximum degree of encryption is level 1 PCI DSS certification, which eWay has achieved. This indicates that it provides bank-level safety for all of your customers’ and clients’ payment information. It has many cutting-edge cybersecurity procedures in place to protect your company’s assets. This includes the option of three Fraud Protection Plans and the addition of 3D Secure 2.0 to the checkout process to instantly verify the cardholder.
