Payment Types Supported by Paytia

The Paytia platform integrates with banks and payment service providers to enable secure telephone payments for merchants. Paytia supports a variety of payment types to cater to different business needs. The availability of specific payment options may depend on the features provided by your payment gateway or service provider. Below are the payment types Paytia typically supports:

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1. Immediate Charge

• Definition: Real-time payment processing between the merchant and the customer.
• Use Case: Suitable for businesses that require immediate payment confirmation, such as retail or service providers.
• Example: A customer pays for a product or service during a phone call, and the payment is processed instantly.

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2. Reserve (Pre-Authorization)

• Definition: A temporary hold placed on the customer's card for a specified amount without deducting the funds until finalized.
• Features:
  • Commonly used for deposits or payments that depend on future events (e.g., product shipping or reservation confirmation).
  • Reserve periods typically range from 3 to 30 days, depending on the payment gateway.
• Use Case: Hotels reserving deposits for room bookings or merchants holding payments until an order is confirmed.

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3. Rolling Reserve

• Definition: Captures a pre-authorization charge on a customer's card for a set period of time.
• Features:
  • Extends the flexibility of standard reserves.
  • Helps manage long-term commitments or staged payment releases.
• Use Case: Businesses requiring rolling deposits for events, services, or extended rentals.

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4. Validation

• Definition: Checks if a card can support a charge up to a specific amount without placing a hold or deducting funds.
• Features:
  • Returns a transaction ID that can be used to collect partial or full payments within 30 to 90 days.
  • Payments can be completed through Paytia's Agent Capture Assist or directly via the payment service provider's interface.
• Use Case: Pre-qualifying cards for transactions without immediately processing the payment.

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5. Recurring Payments

• Definition: Sets up repeat deductions from a customer's card for recurring transactions.
• Features:
  • Merchants can define payment amounts and schedules at the time of card capture.
  • Supports subscription models, membership renewals, and installment plans.
• Use Case: Ideal for subscription-based businesses, gyms, or recurring service providers.

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6. Capture

• Definition: Securely captures card details and tokenizes them via the payment gateway for future transactions.
• Features:
  • Allows businesses to store customer card details as tokens for recurring or scheduled payments.
  • No limit is set on the transaction value at the time of capture.
  • Card tokens can be securely stored in Paytia or transferred for use in other payment applications.
• Use Case:
  • Businesses needing secure card storage without exposing staff to sensitive card details.
  • Replacing or updating stored card details securely.

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Why Choose Paytia for Payment Processing?

• Security: Paytia's PCI-compliant system ensures customer card details remain confidential and secure.
• Flexibility: Offers various payment types to suit different business models and customer needs.
• Integration: Seamlessly works with your existing payment gateways and banking systems.

Paytia's diverse payment options empower businesses to process payments confidently and securely, whether they require immediate transactions, recurring payments, or secure card storage for future use.