Web payments. What do you need to know?

Subscriptions (recurring payments, autopayments) — the card is tied and payoffs occur at a certain time and/or a certain amount.

Holding (some people call it a “safe deal”) is the blocking of the X amount from the user, which can be charged off/unlocked after a specific action made by the user/manager. A very popular payment method mostly used in the marketplaces. There is a seller who puts his product and a buyer who needs to receive the product and confirm that this is exactly what was stated by the seller. After that, the held amount will be sent to the seller’s account. Car rentals also operate when a deposit is required.

Splitting. Also a popular scenario for marketplaces. When the buyer has paid a certain amount — 20% of it goes to the platform, and 80% — the seller. The most correct option is to distribute money immediately upon receipt of the transaction. The same scenario is used when a user buys products from several suppliers at once on the same website. Consequently, you, as the owner of the marketplace, will receive only net profit on your account.

Installment payments. Thanks to the financial capabilities of payment systems, for example in Russia, platforms began to offer to pay for the products and services with installments directly on the website, without contacting banks.

Mass payouts. For example — you are an exchange service, people work on your platform for a month, and earn some money. At the end of the month, you need to pay them all off. Payment systems are now able to pay to different channels (for example, when someone has a credit card attached, someone has PayPal, someone has a bank account — you upload a list for enrollment, and the system sends funds to everyone to his preferred channel, of course not forgetting the commission of each).

P2P payments (transfer from one card to another). They work essentially like a linked card. The funniest scenario is to tip the waiter when you don’t have any cash with you. On the one hand, you need to charge the money, on the other hand, to send them accordingly. To write off the funds, we use one of the scenarios described above. For enrollment, depending on the chosen payment provider, you either simply enter your card number, or link the card, and the platform will ensure the storage of the hash. For example, we created a personal account for waiters, where they could enter their card details in order to receive accrued funds.

Returns. It is important to pay attention to this scenario, especially when choosing a provider. The returns mechanism is also important on the development stage. Therefore, this issue must also be thought out both at the prototyping stage and when calculating the development time, also taking needed integrations into account.