Learn what a payment processor is how to choose the best option for your business.
How is a payment processor different from a payment gateway?
The payment processor is the financial institution facilitating the transaction between bidder and seller. The gateway acts as an adapter to ensure that the processor and AuctionNinja can communicate.
What processors are available on AuctionNinja?
Sellers can use one of two gateways in order to integrate their selected processor: Authorize.net or NMI. CLICK HERE to read more about processor gateways.
For NMI:
The selected payment processor must be legitimate financial institutions capable of providing AuctionNinja with a VAR sheet.
For Authorize.net:
Typically, the bank providing business services would be able to provide information about payment processing directly with them. Authorize.net will provide a processor for you, or they will recommend a processor willing to work with you.