Authorize.net
Updated 1 month ago
Introduction
Authorize.net is a payment gateway that provides online processing of credit and debit card payments. This removes the necessity for a credit card machine and the physical swiping of a credit card. If Authorize.net fits your lending practices and you would like to use the service, it can be configured through the LoanPro's integration with Secure Payments. This article explains that process.
Integration
LoanPro—with the integration of our other product, Secure Payments—makes it possible to process credit and debit card payments or eCheck and EFT payments directly inside LoanPro. Additionally, the integration will return error codes for failed payments, facilitate the reversal of payment transactions, and let you toggle your Authorize.net account between demo and live mode directly within your LoanPro settings. To use Authorize.net, you will need a merchant services provider; we recommend Select Bankcard as a merchant services provider.
To add your Authorize.net account to Secure Payments, navigate to Settings > Company > Merchant > Secure Payments inside your company account in LoanPro.
To add a new Authorize.net processor, navigate to the Debit/Credit Card tab and select 'Add Processor'.
Here, you will need to enter your credentials. The necessary credentials include your API Login ID and Transaction Key. These can be obtained from Authorize.net if needed. You will also need to determine a name for your processor and a few settings. Here is a breakdown of what each setting does:
Setting | Description |
Sandbox | This option allows you to toggle your Authorize.net account and a general sandbox account. Authorize.net has a sandbox account and a production account, and these are independent environments. However, you will need to request a sandbox account from Authorize.net if you would like access; it does not occur by default. In addition, credentials for an Authorize.net account are unique to each account. Thus, if you have a production account and you wish to use a sandbox account instead, you’ll need to contact Authorize.net to get a sandbox account with an independent credentials setup. This setting is also located within Secure Payments and lets you indicate the environment in which you desire to point the transactions. |
Test | This option allows you to send transactions to your Authorize.net account without processing the payment. (Transactions will be sent to either a live account or sandbox account, based on the configuration of the Authorize.net account.) This will let you test to see if transactions from LoanPro are being sent to Authorize.net properly. It is also meant to test the configuration and communication between the two platforms. |
Default | This option allows you to set this processor as your default. |
Auto Reversal | This option determines if transactions that are charged back and reversed within Authorize.net are also reversed within LoanPro automatically. |
When finished, click 'Save' to save the processor.
Once integrated, the LoanPro account number and payment ID are added into the memo line for each payment inside of Authorize.net. This will help you match transactions made in Authorize.net with transactions in LoanPro. If an Authorize.net transaction is posted, you will be able to see both the Transaction ID and Batch ID in Secure Payments as well.