Moneris: A Comprehensive Payment Processor Solution for Magento Websites

Moneris is a subsidiary of two financial giants – Bank of Montreal (one of Canada’s five largest banks) and PNC Financial Services (the 5th largest bank in the USA). Moneris processes over 3.5 billion transactions annually for more than 350,000 merchant locations, making it a reliable choice for businesses seeking a payment processor.

Magento, on the other hand, is a popular open-source e-commerce platform known for its flexibility, scalability, and extensive customization options. By integrating Moneris with Magento, store owners gain access to secure and seamless payment processing, attracting millions of potential customers across Canada and the USA.

The Moneris Payment Gateway for Magento 2 enables store owners to accept various types of payment cards, including Mastercard, Visa, JCB, Maestro, and American Express. By incorporating Moneris into their Magento 2 websites, merchants can minimize fraud, and chargebacks, and expand their market base to attract more customers and drive sales.

To utilize the Moneris Payment Gateway extension, merchants must first register for a Moneris account. Additional fees apply depending on the business type, product/service offerings, business size, and desired features. Discover how MageMontreal can assist you with Moneris integration for your Magento website. We understand the importance of pricing transparency, and we strive to provide competitive rates for our services.

The Moneris extension adheres to the industry’s best security practices, ensuring PCI DSS compliance, tokenization, and full authorization. Merchants can choose between two types of checkout – Direct and Redirect, allowing customers to either enter their payment information directly in a secure environment or be redirected to Moneris for payment processing.

The extension also supports vault payment, storing customer tokenization on the website for future use.

The Moneris Payment Gateway for Magento 2 boasts an array of features tailored to both admins and customers.

• • Direct API Integration
  • Hosted vault page for saving customer info
  • Tokenization
  • Full authorization support
  • CVC/AVS verification
  • Secure saved card feature
  • Full and partial refund options
  • Payments supported in the USA and Canada

• • Easy credit card checkout
  • Convenient access to online transaction reporting

Several exclusive features set the Moneris Payment Gateway for Magento 2 apart from other payment processors.

Moneris Checkout is an upgraded version of Moneris Hosted PayPage, offering a more seamless and secure payment process. With MCO, merchants can customize the appearance of the Moneris Checkout page, accept multi-currency pricing, and process transactions directly from their websites.

The extension supports the API card detail collection method, allowing merchants to handle more customers as Moneris stores cardholder data on their server. With this method, merchants are eligible for PCI DSS validation using the SAQ D form, as no sensitive card data is stored or passed through the merchant’s server.

Tokenization is a security feature that protects customer data and merchant funds by securing card information with a token that cannot be reversed to real data values. Moneris encrypts customer card data and converts it into a single-use token code, unique to each merchant and only usable when authorized.

In addition to the existing Tokenization feature, Moneris Hosted Tokenization provides merchants with multiple options for securing customer payment details, allowing them to choose the method that best suits their preferences and offers the most convenient checkout experience.

Customers can save card information during checkout, expediting the process for future purchases. This information is safely stored in the Moneris Hosted Vault.

Merchants can choose between two payment authorization methods. Authorize only checks the customer account for available funds, while the money remains in the customer’s bank account until the merchant requests a transfer or until a cut-off date. Authorize and capture checks for the customer account and initiates an immediate transfer to the merchant account.

Merchants can easily void authorized payments, canceling the order processing. Additionally, the Moneris Payment Gateway allows merchants to issue refunds to customers directly from the Magento back-end, expediting the refund process and enhancing customer satisfaction.

Contact Mage Montreal today for a consultation and let us help you boost your online business with Moneris integration. Incorporating Moneris as a payment processor for Magento websites provides merchants with a secure, seamless, and comprehensive solution to handle transactions with ease. With a plethora of features, customizable options, and top-notch security, Moneris empowers e-commerce businesses to reach new heights, catering to a broad customer base across Canada and the USA.