We’re pleased to announce that PayU Latam is now supported in Kill Bill! This is a fantastic option for those of you trying to grow their presence in Latin America. You can now support dozens of local payment methods across seven countries: Mexico, Panama, Colombia, Brazil, Peru, Chile and Argentina. What’s even more exciting is that you can not only tokenize and process credit cards, but you can also support cash-based payment methods. For those who don’t know, paying by cash (even online) is still very popular in Latin America (so popular that we made it the subject of our last hackathon) and the experience is surprisingly seamless: the gateway generates a code during the checkout flow, that the customer will need to bring to their bank or local store within a set timeframe. Once the client has physically paid with cash, the bank or local store notifies PayU (and eventually Kill Bill) that the payment has been made. This way of paying has the main advantage to reach all of the un- or underbanked while offering a pleasant experience (customers have the option to pay any time and virtually anywhere, in their own local shops). Among popular payment methods supported: Boleto Bancario, PSE, Bancomer, Santander, Oxxo and 7eleven. International markets have always been a priority for us and we want to enable and streamline payments in all regions. If yours isn’t covered yet, get in...
Choosing your payment provider is a critical step before launching your service, to avoid potential disruptions to your business down the road. Migrating will be a challenge, especially if you are not storing the cards in a vendor-neutral vault (i.e. tokenize the credit cards with a different provider than your main payment processor). That’s why you need to shop around before committing to a provider, and ask yourself the types of features your business will need one, two or five years down the line. Pricing is definitively one of the key factors to take into consideration. Flat-free or tiered pricing can be appealing because of its simplicity, but pass-through pricing (where the exact costs from the networks are passed down to you) can be cheaper. These fees depend on your region, industry and the type of cards you will process (see Visa and MasterCard rates for more details). Run the numbers with your projected sales and compare which model makes more sense to you. But beyond pricing, you need to make sure the gateway will actually support some advanced features which you might need: Account updater: If you are storing the credit cards with the vendor, make sure they support the ability to automatically update the information (number, expiration date, etc.) as they expire or get stolen (this is especially important if you are running a subscription service, to minimize churn) Level 2 and Level 3 processing: When doing B2B transactions, you can lower your costs by sending extra information about the payment (namely level 2 or level 3 data). Does the provider support passing this data to the...
The Kill Bill team will be in Vegas next week for Money20/20 and we will be participating in the Money20/20 Hackathon. There are 9 different challenges to pick from, and we’ve been hard at work thinking through which one to work on. Let’s review the options: PayPal: Kill Bill has been supporting PayPal since day 1 via the Kill Bill PayPal plugin. It’s currently used by Ning in their checkout flow: when you select the PayPal option, you are redirected to the PayPal hosted page to accept the billing agreement (BAID). Once accepted, PayPal redirects you to Ning to setup your network, while Kill Bill sets up a payment method associated with this BAID in the background. This payment method will be used for recurring billing. Given our recent work on pure payments (highlight of the latest 12 release), it would be a natural fit to pursue that challenge and offer a deeper integration with mobile APIs and the PayPal wallet. Modo Payments: We currently do not have a Modo payment plugin, so this would be the perfect opportunity to expand our list of supported Gateways. More importantly, Modo is doing a lot in the loyalty points space: we could as part of this challenge expand the credit support in Kill Bill (CBA) to work with external points systems (think of the airline miles system, how you earn and redeem them on shopping portals). Mercury: Similarly to Modo Payments, we do not have a payment plugin for Mercury either. This would give us also the opportunity to work with retailers and POS systems. While Kill Bill is mostly used...
