This article provides you with an overview of various technical terms regarding certain payment methods we are offering. Most of these terms will be used during the onboarding process of our multiple products.
| term | definition | RaiseNow process (the step, in which you will encounter this term) |
| Acquirer |
The acquirer receives for the online merchant (in our case this is you) the donations and then transfers them directly to the merchant. The acquirer takes the full responsibility for a secure payment process. To offer credit card payment as online/e-commerce payments an acquirer is absolutely necessary. The acquirer functions in this process as trading bank and requires for his services a commission from the amount transferred. |
When you want to provide your donors with the possibility of donating with credit card |
| Payment Service Provider (PSP) |
The PSP is the connector between the acquirer and you as the merchant. The PSP allows different online payment methods to be connected to one online shop (e.g. donation forms). In our case the PSP is most of the times Datatrans. Nevertheless we also support other PSP such as Ingenico. Datatrans is a payment service provider (PSP), which acts as the interface between RaiseNow customers and e-payment providers, including credit cards, PostFinance, instant transfer and TWINT. Datatrans processes the payments from the aforementioned providers and sends them back to RaiseNow, where they are condensed and supplemented with further information. |
The following payment methods are in need of a PSP: Credit Cards, TWINT; PostFinance, SOFORT payment |
| Acquiring contract / E-Commerce contract |
Before you can start collection donations, you need to enter an agreement with the acquirer. This contract is called acqiring or e-commerce contract. It defines the details of commission from the acquirer and states the receiving bank account from you.
|
You need an acquiring contract when you want to offer donations with credit cards |
| E-Commerce |
The term e-commerce stand for online commerce done via internet. In e-commerce, an immediate business relationship between suppliers and customers is handled by data transfer. |
When you do online fundraising with RaiseNow |
| Paypal Business Account |
Unlike a personal Paypal account, the business account is designed especially for merchants who trade under a company or organization. The account includes more options, such as the connection to our e-payment system. |
When you want to offer donations with Paypal |
| REST API App | In the REST API app, you determine that the payments will reach your Paypal account via the RaiseNow e-payment system. You can generate separate access data in each app and connect different partners and systems. The credentials consist of the Client ID and the Secret. With these two pieces of information, we can make sure that the donations via Paypal arrive on your business account. | When you want to offer donations with Paypal |
| Merchant | In our case the merchant is you. The merchant is the one who wants to offer an online shop on the Internet. This is the online donation form with which you accept online payments. |
When you do online fundraising with RaiseNow |
Comments
0 comments
Please sign in to leave a comment.