globalelectronic

[globalelectronic]

Without Any Prior Declaration, Shopify Silently Removed Authorize net As a Payment Gateway

Yes, you read it right!

An untold number of Shopify customers have verified that when they try to add Authorize net as a payment provider, it does not appear among the options to choose.

Moreover, Shopify and Auth.net issues are known to create challenging situations at the moment, especially for small businesses and high-risk merchants by dictating terms arbitrarily.

Often, people don’t realize that Shopify Payments is a white-labeled version of the famous “Stripe” third-party payment aggregator. Moreover, if you come from an industry that is termed as “High-Risk”, Shopify payments might not be an ideal solution for you.

Indeed, Shopify Payments is known to drop merchants with no prior warning, leaving them high and dry when everything comes down to accepting digital payments from their customers.

We have solely validated from Shopify customer service that Shopify – without any prior notice or declaration, has silently eliminated authorize.net from the list of its supported payment gateway on 8 September 2022.

There was no announcement on the official website regarding the Shopify and Auth.net issue ; also, the Shopify support members we interacted with were surprised to know that Authorize.net was no longer on their supported payment gateways list.

So, it’s true – Shopify will no longer allow new Authorize.net integrations.“Shopify vs Authorize.Net” Is Not The First Time! NMI (Network Merchants) Removed by Shopify In 2018.

In 2018, apparently without notice, Shopify discontinued its support for new businesses integrating the NMI payment gateway. This action caused businesses a tremendous pain in the neck as they were just on the brink of integrating and launching their Shopify store with the NMI payment gateway.

Though, there was a subtle difference! The business owners could get support from their merchant account provider to swap the gateway interface from NMI to Authorize.net.

But, Shopify removed Authorize.Net, it’s a bigger challenge!

Shopify Leaves “High-risk Merchants” Baffled and Fearful

There are no words to overstate the turmoil this will bring for the merchants about to launch their websites. Especially, websites selling CBD, adult toys, tactical items, premium cigars, glass, firearms, nutritional supplements, and an untold number of other categories are understandably bummed out.

Shopifys payments has a long list of banned users which sheath many, if not, most high-risk businesses encountered nowadays.

Primarily, businesses have invested countless hours and thousands of dollars in creating their Shopify site. But, now as Shopify leaves high-risk merchants baffled, it seems like they would face challenges in accepting payments, because Shopify has payment gateway lock-in.

[globalelectronic]

According to Visa, Tap-To-Pay transactions grew by 30% over the past years.

Nearly 50% of US shoppers say they won’t shop at a store that doesn’t offer a cashless way to shop.

Every business, whether offline or online, needs a payment processor and payment processing services to cater to the changing behavior of consumers. Besides ensuring the transactions are carried out seamlessly, it also improves customer experience and business reputation.

Since payment processing directly impacts your revenue, making informed decisions is crucial, especially selecting the right payment processors. After all, the payment processor you choose affects everything from your potential to collect online payments, to your customer service, to your business’s bottom line.

Choosing the one payment processor that’s a good fit for your business may sound an uphill task. But, considering the main things like fee structure, PCI compliance, and excellent customer support, it’s simple as ABC.  

Before we dive deep into understanding the nitty-gritty of choosing the right payment processors, it’s important to have a quick rundown of where it all started – “Payment Processing Services.”

In simple terms, payment processing is providing a person, indirectly or directly, different means to charge or debit bank accounts through the use of any payment mechanism.    

Payment processing is not just about credit or debit cards, it’s much more than that. Though debit and credit cards are the most popular payment method at this time, more options to accept payments are cementing their footstep in the hierarchy, like contactless, mobile and online payments.

Therefore, offering consumers more efficient ways to pay for goods is a key objective for all modern business owners.

To start, let’s first review what and how payment processing work, including terms that specifically relate to your business.  

Introduction to Payment Processing:

To a naked eye, the payment processing might seem as simple as a credit or debit card tap, swipe or a dip, merely taking a few seconds. However, there’s more than that. It involves several steps and players, like:

Customers

Merchant/Business

A payment processor

Payment gateway

Bank, credit or debit company

Business bank or merchant accounts

[globalelectronic]

Overcoming all the obstacles in the conversion funnel plays a critical role in the #payment stage. This step is significant for all online merchants looking to maximize their revenues.

[globalelectronic]

[globalelectronic]

[globalelectronic]

Discover GETTRX Zero. The quick and easy way to process credit cards. Get Started Now!

[globalelectronic]

Tired of trying to predict what your credit card processing fees will be this month? Ditch the confusion when you enroll in GETTRX Zero and save money to add back to your business The great thing about GETTRX Zero is its simplicity and how it eliminates 100% of your processing fees. See how much you could save

[globalelectronic]

It's time to save money on credit card processing. Introducing GETTRX Zero a new processing program powered by GETTRX. With GETTRX Zero, you can save thousands of dollars: - No Transaction Fees - No Interchange Fees - No Card Brand Fees

[globalelectronic]

A New Way to Reduce Your Credit Card Processing Fees - GETTRX Zero! Let every transaction be money in your pocket. * $0 Transaction Fees * 0% Discount Rate * Eliminate Interchange Fees Check out all our exciting features here: https://www.gettrx.com/leadgen/

[globalelectronic]

Website : https://www.gettrx.com/

Address : 970 W 190th St # 650, Torrance, California 90502

Phone : +1 888-775-1500

GETTRX powered by Global Electronic Technology, Inc. is a premier financial technology platform provider. We provide businesses high-quality financial solutions including credit card, debit card, online check processing systems, and next-generation payment engines. Whether your business accepts payments in-person, online, or needs the capability to split a transaction between multiple entities on your platform, we have the right solution for you. GETTRX serves both low risk and high risk merchants.

[globalelectronic]