Credit Card Setup - eWay

To have BUZ receive payments by credit card a Payment Gateway needs to be setup.

What is a Payment Gateway

If you run an online business or have an online store you are going to have to make a decision about how you accept (and process) credit card payments.

You can do this yourself by setting up a merchant account with your bank, however many businesses opt for a 3rd party payment gateway.

One of the key reasons use a payment gateway is because of the security and fraud protection they offer, in addition most third party gateways do not
require you to set up a merchant facility – they take on this role themselves – which can save you both paperwork and costs.

How A Gateway Works

1) Your E-store customers completes a purchase in your store and enters their credit card details

2) Payment Gateway: receives the customer credit card details and funds and processes the payment, passing the funds on to your bank (3)

eWAY Payment Gateway

eWAY, founded in 1998, is one of the largest eCommerce gateways active in Australia and is used by a wide range of online businesses in Australia.

It offers two types of payment gateway options :

• eWAY – Payment Gateway – eWAY sets up and maintains a payment gateway for your business, however you need to set up your merchant facility yourself –
  which can take time (eWAY estimate 4-8 weeks) and its own setup fees and costs
• eWAY – All in One – as the title suggests this package includes a built in merchant facility

eWAY uses NAB and has a fraud protection arrangement with NAB which essentially means NAB carries the risk of fraud, this lets eWAY promise same day
settlement.

In the table below we compare the key elements of eWAY's two offers as at December 2014: