Improving The Payment Gateways

[Mike]

Since people will be making a deposit within their accounts. All Merchant Providers (Authorize.net, Paypal etc.) will charge there basic service fee. Paypal is usually 2.9% + .30 cents. If someone deposited $100 in their account using paypal, paypal will send around $96 to the companies paypal account. The user will see $100 in their account. The company is loosing $4.00 ($100 requested deposit - paypal fee). The user is gaining $4.00. Why not customize the gateways so that the administrator can set the paypal, athorize.net, and 2checkout fees, that would be subtracted from the requested deposit. So if a user deposit $100 using paypal, the user will be paying the usage fee and only $96 would show up in their account. In a way Ilance would have to talk to these gateways and verify the gateway fees and subtract it from the requested deposit (Merchant provider would receive this fee), then deposit the rest in the user's account.

[Peter]

Since people will be making a deposit within their accounts. All Merchant Providers (Authorize.net, Paypal etc.) will charge there basic service fee. Paypal is usually 2.9% + .30 cents. If someone deposited $100 in their account using paypal, paypal will send around $96 to the companies paypal account. The user will see $100 in their account. The company is loosing $4.00 ($100 requested deposit - paypal fee). The user is gaining $4.00. Why not customize the gateways so that the administrator can set the paypal, athorize.net, and 2checkout fees, that would be subtracted from the requested deposit. So if a user deposit $100 using paypal, the user will be paying the usage fee and only $96 would show up in their account. In a way Ilance would have to talk to these gateways and verify the gateway fees and subtract it from the requested deposit (Merchant provider would receive this fee), then deposit the rest in the user's account.

Interesting, this is basic payment gateway logic above -- yes, however ILance v2.1.7 should be doing this for you.

Image below:


http://www.ilance.ca/images/vbforum/vb-paypal-usage-fee.gif




Do you see this on your deposit menu? (5.5% will vary depending on your setup).


To create this 'usage fee' as shown above, you might want to review this section of administration:



http://www.ilance.ca/images/vbforum/vb-paymentmodules.gif

Which should bring you directly to this menu:

http://www.ilance.ca/images/vbforum/vb-payoptions.gif



Where you can now set your 'usage' fee. How it works is like this:

1. User clicks on 'Deposit' menu
2. User enters 'Deposit' amount (ie: $100). He should then see a page similar to this:



http://www.ilance.ca/images/vbforum/vb-depositwfee.gif



With this in mind, the custom ILance payment handlers for Paypal usage fees send a custom strings along with the payment to notify paypal that the payment is in fact $105.50, and that that the real amount for the user-deposit is $100, paypal will *after successful payment* connect to the payment handler and update the user account information for his 'deposit' amount.


Please let me know if this helps, (trying the new screenshot stuff in enhanced WYSIWYG editor) =)

Peter