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In this article, we’ll be reviewing the pricing and features of Authorize.net’s payment gateway to help you decide whether or not it is right for your online business. We’ll also highlight some of the other two-factor authentication solutions available in order to provide a complete picture as well.
The “authorize.net fees” is a payment gateway that can be used by online stores to accept payments from customers. The service has been around since 1996 and is currently owned by Worldpay.
Authorize.net is a Visa-owned firm that provides one of the most established and reputable online payment systems on the market. It’s crucial to clarify, however, that Authorize.net is neither a payment processor or a merchant account. It’s a virtual terminal, phone, recurring, mobile, e-check, and virtual point-of-sale (POS) payment gateway.
To utilize the platform, you’ll need a separate merchant account, which you may get independently or via Authorize.net. This means you may shop around for the finest payment processors within your budget to build a digital environment that suits your company’s demands.
Payment Gateway by Authorize.net
What We Enjoy
- It’s simple to set up and utilize.
- Exceptionally dependable
- Nonprofits may get discounted pricing.
- App is available for download for free.
What Isn’t There
- There is a monthly cost.
- Some reporting and in-person payment functions are missing.
- A separate merchant account is required.
Factors to Consider
- The monthly charge is $25.
- Fee for the whole transaction: 2.9 percent + 30 cents
- Charge for using a payment gateway: 10 cents per transaction plus a daily batch fee of 10 cents
- Fee for international transactions: 1.5 percent per transaction
- Processing cost for e-checks is 0.75 percent per transaction.
- 25 cents each update with an automatic card updater
- Fee for chargebacks: $25 per chargeback
- $1.20 per transaction for verbal authorisation
- There are no setup or cancellation costs.
Go to Authorize.net to learn more.
When Should Authorize.net Be Used?
Authorize.net is one of the most versatile solutions for receiving online payments. It’s safe, dependable, loaded with features, and works with a variety of payment processors. Storefronts and brick-and-mortar enterprises, on the other hand, may be better served by a different payment processor since Authorize.net was founded as an online payment gateway.
Authorize.net is particularly useful for:
- Authorize.net is a PCI-compliant payment gateway that integrates with a variety of payment processors, point-of-sale systems, ecommerce platforms, and website builders to add payment processing to almost any configuration. It also boasts top-of-the-line security and anti-fraud capabilities to keep both your company and your consumers safe.
- Authorize.net’s international merchant accounts enable you to accept foreign payments using more than 140 payment options and a variety of software Integrations.
When to Use a Substitute
- Authorize.net levies a monthly gateway fee for businesses that don’t want to pay it. If you want to keep your related expenses low, one of our suggested free merchant accounts with no monthly fees is a good option.
- Authorize.net’s facilities for taking credit cards online are fantastic, but its in-person payment processing services aren’t as useful. Instead, you may opt for a credit card processor for retail or a credit card processor for restaurants.
- Authorize.net also provides mobile payment processing, although its bread and butter is internet payments. Some organizations might benefit more from a mobile-specific solution with a feature-rich app and a variety of mobile card readers. Learn more about the top mobile credit card processors in our guide.
- Occasional sales: Smaller companies may select an all-in-one processing solution like Square, which has its own free payment gateway, to be more cost-effective.
Top Authorize.net Alternatives & Fees Comparison
The payment processing rates you pay will depend on the size, kind, and average order value of your company. Explore our guide to the cheapest credit card processing businesses to discover the most economical choice and compare numerous processing rates.
Since our last update, Authorize.net has partnered with Everyware, a two-way communication program that enables customers to take payments by SMS using a payment link, in April 2021. Authorize.net’s price, payment capabilities with in-person payment options, and terms of service are also examined in detail.
Pricing for Authorize.net
Authorize.net has two core plans: the All-in-One package that includes the payment gateway and merchant account (it’ll set you up with a third-party processor) and a payment gateway-only option. There are There are no setup or cancellation costs., but you will be charged a monthly fee of $25 for either plan.
Depending on the kind of account, some services and fees may be applicable. The following is a breakdown of processing fees:
Nonprofit organizations are eligible for discounted pricing. Free recurring billing, fraud prevention, and customer management features are included in both programs. Payment processing for e-checks, on the other hand, charges an extra 0.75 percent every transaction. Authorize.net also provides an extra card updating service for 25 cents each update if you accept automatic recurring payments.
Please be aware that Authorize.net may incur additional costs for returned or late payments that are not publicized. Fees for your desired extra services may be found on the Additional Service documentation page, which you can view when you enroll. During the application and approval process, Authorize.net will calculate your specific pricing schedule.
To view your monthly billing statement, log in to the merchant interface and go to Statements > Billing.
Hardware Authorize.net
Authorize.net does not have its own hardware, but it does have a vast number of platforms and connectors that it may use. As a result, you may set up your Authorize.net payments using your current hardware or by purchasing a new system.
However, the company provides a free mobile POS program that works with a few different mobile credit card readers.
Customers with a Wells Fargo or PaySafe merchant account should contact Authorize.net customer service to learn about compatible card readers. The partner POS site has additional in-person devices and accessories that are compatible with the platform.
Features of Authorize.net
Setup & Application
You’ll need your own merchant account since Authorize.net is merely a payment gateway service. If you don’t already have one, you may sign up for an all-in-one service that includes an Authorize.net merchant account, or you can contact a reseller like Worldpay, TSYS, or Wells Fargo for an Authorize.net merchant account.
Most applications are approved via Authorize.net’s automatic underwriting system; however, certain firms may be classified as high-risk, in which case approval might take up to two business days. There are no setup costs connected with Authorize.net’s help in moving data from another platform. A bonus is that merchants are not required to sign a long-term contract.
The application forms for the payment gateway-only and all-in-one choices, as well as the schedule of basic and extra costs, vary significantly.
Directly on Authorize.net’s website, create a payment gateway account. (Image courtesy of Authorize.net)
Applicants for all-in-one accounts must supply ownership information. (Image courtesy of Authorize.net)
An enlarged agreement is presented at the bottom of the all-in-one account application. (Image courtesy of Authorize.net)
Contract & Terms of Service
A payment gateway service is at the heart of the Authorize.net merchant agreement. Additional services and expenses are associated with adding a merchant account subscription via Authorize.net’s payment processing partners. Please do not hesitate to contact an Authorize.net sales representative for further information.
The following are some of the terms of the merchant agreement:
- 15 days after the bill is due, a late payment charge is levied.
- If Authorize.net gets notification from your merchant account provider that your merchant account services are being terminated, it may suspend or cancel your service.
Merchant Service Agreement for Payment Gateways Only
Payments over the Internet
You may use Authorize.net to add a “purchase now” button to your current website fast and effortlessly. The “give now” embed option is available to nonprofits. These hosted payment forms are PCI compliant and may be customized to meet both basic and complicated needs.
Simple Checkout is a simple HTML code generator that may be found in your merchant’s interface. After modifying your payment button’s settings, copy and paste the HTML code into your website to begin receiving payments right away.
Authorize.net offers a suite of tools called Accept Suite, which is meant for developers who want to build a more simplified checkout experience. It enables you to create a bespoke payment form from the ground up and either host it on your own website or incorporate it as an Authorize.net hosted form while being PCI DSS compliant.
Authorize.net’s virtual terminal also allows you to take e-check payments for 0.75 percent every transaction. Although it is included in your daily batch processing, cash may take up to three business days to reach your bank. Most companies prefer this service over paper checks since it is quicker to process and works well if you take subscription or invoiced payments on a regular basis.
E-checks may be processed using Authorize.net’s virtual terminal, and monies can be paid into your bank account in three business days. (Image courtesy of Authorize.net)
Payments made in person
Although not that well known, Authorize.net does support Payments made in person. It has an mPOS software (allows you to connect a card reader to your mobile device) and a vPOS (lets you process Payments made in person on a desktop). Both are free to download and give you the ability to accept swiped and EMV payments. However, the biggest downside is that not all card readers and payment methods are available to Authorize.net payment processor partners.
Compatible Card Readers & Payment Processors
*To determine your merchant processor, go to your merchant interface: Account > Merchant Profile > Payment Methods.
Furthermore, the mPOS app has received 3.2 out of 5 stars from around 160 reviews on Google Play and 2.6 out of 5 stars from approximately 190 reviews on the App Store. Users are unified in their dissatisfaction with features that don’t operate correctly and card readers that get disconnected.
Create an SKU catalog, collect tip payments, execute voids and refunds, monitor transactions, and configure taxes, shipping information, and digital receipts using the mobile POS app. (Image courtesy of Authorize.net)
Digital Invoicing & Automatic Recurring Billing
The digital invoicing and recurring billing capabilities of Authorize.net will be beneficial to those that take payments by invoice, such as wholesalers and subscription-based enterprises. These capabilities are not only included for free with a payment gateway subscription, but they also do not need any integration. As soon as you’ve personalized your settings, you can start sending invoices for one-time and regular payments.
It’s simple to customize your digital invoice, which allows you to add discounts and accept partial payments through card or echeck. Authorize.net’s recurring payments solutions enable you to store billing and payment information for a speedier, automated payment alternative for subscribers and repeat customers. Customers can view and pay invoices on any device thanks to the responsive invoice design.
With Authorize.net’s recurring payment options, repeat clients may remember their billing information and preferred payment methods. (Image courtesy of Authorize.net)
Information Management for Customers
Authorize.net will keep track of each customer’s credit cards, billing information, and delivery addresses to make it simpler for them to make future transactions. Each profile may store up to 10 payments and 100 shipment data and can be accessed using an API from your merchant interface or your website. You will always be PCI compliant since Authorize.net saves your client information on its secure servers.
While there is talk of incorporating this function into your website, there is no mention of developing a customer portal that would enable your customers to join up and maintain their own profiles. APIs are, however, accessible; contact Authorize.net’s technical support to learn more.
Advanced Anti-Fraud Technology
The Advanced Fraud Detection Suite (AFDS) from Authorize.net helps detect, monitor, and prevent potentially fraudulent and expensive transactions. It allows you to tailor fraud detection to your business model using 13 rules-based filters and features like country constraints and payment velocity settings. You may also set up per-transaction alerts to be notified as soon as suspicious behaviour occurs. What’s more, unlike other popular payment gateways, this service is included in Authorize.net’s monthly membership.
Ease of Use with Authorize.net
a user-friendly merchant interface
The UI isn’t overly complicated or intimidating since it’s a specialized platform with a restricted purpose. People find it simple to become used to the tool. Authorize.net was designed to integrate with a variety of current platforms and procedures, therefore it comes with a slew of integration options that make it simple to integrate with your existing merchant account and company software. It integrates with ecommerce platforms, point-of-sale systems, accounting software, and tools for almost every element of your company.
Integrations
As an alternative or add-on to their built-in payment gateways, most payment processors provide Authorize.net. About 160 software development platforms and 145 systems, spanning from accounting software to POS hardware, are linked with Authorize.net. Furthermore, its open API allows it to integrate with third-party and custom-built solutions.
Customer Service
Customer Service is available via phone 24/7, except on major holidays. Merchants can also submit an online support case or use Authorize.net’s live chat. There’s even an online support center with an FAQ section, where merchants can troubleshoot issues themselves.
What Users Have to Say About Authorize.net
The platform is popular among Authorize.net clients. They enjoy that it has security features and is simple to combine with other solutions, giving them piece of mind. On the other hand, some people complain about the outdated UI and complicated dashboard.
- G2: Authorize.net has a 3.9 out of 5 star rating based on around 120 reviews. The simple platform is well-liked by reviewers, albeit there is a minor learning curve in getting acclimated to the dashboard. It’s not simple to find transactions, according to one user.
- Capterra: Authorize.net gets 4.3 out of 5 stars from about 130 reviews for its security, Integrations, and reliability. Negative comments are centered around fraud prevention and difficulty reaching Customer Service.
While reviewing Authorize.net evaluations, we discovered the following patterns:
Conclusion
Finally, Authorize.net is an excellent payment processing solution for businesses that want safe, dependable online transactions. It offers customizable pricing and plans, as well as many connectors, allowing you to customize your tech stack to meet your specific company requirements.
Go to Authorize.net to learn more.
The “is authorize.net legit” is a payment gateway that allows users to accept credit card payments from customers. The company provides a wide range of features and services, including free PCI compliance.
Frequently Asked Questions
How much does Authorize.net charge per month?
A: Authorize.net typically charges $10-20 per month, depending on how many merchants you are using with your account.
Which payment gateway is cheapest?
A: PayPal is the cheapest payment gateway.
What percentage does Authorize.net charge?
A: Authorize.net charges a 1% processing fee for all transactions, but the total transaction cost ranges from 0.1-3%.
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