Payment gateway allows customers to pay online using credit cards, debit cards, bank transfers, bitcoin etc. It helps job board to accept payments online without having to worry about the credit card security and the customer data.
Using the payment gateway module you can charge a single fee in order to list a job or search resumes on your job board using either Stripe or PayPal and collect the funds. The two most popular Payment Gateway providers are:
PayPal
PayPal is a service offered by PayPal Inc., a subsidiary of eBay Inc. (Nasdaq:EBAY), that enables people to pay each other online using their bank accounts. You can use PayPal to send money to anyone else who uses the service.
Stripe
Stripe payment gateway is a service provided by stripe.com that enables businesses to accept payments online using their own website. A stripe payment gateway is a web-based application that integrates with a business' website to allow customers to pay online.
The process of payment integration in the job board is:
1. Setup the rate card
Add plan type, amount, number of jobs, resume searches
2. Choose the Payment Gateway Provider
Select a payment gateway like Stripe or PayPal
3. Add the necessary details
Enable payment gateway, add API Key, Transaction server
4. View Sales Reports
View sales amount on monthly, yearly basis
Benefits of an Online Payment Gateway
Easy integration
Integration of an online payment gateway is easier than ever before. There are many different options available today that make it possible to integrate any type of payment gateway into your website. You can choose between simple plug-ins, custom solutions, or even third party services.
Secure transactions
An online payment gateway offers secure transactions. Customers feel safe when making purchases online. They know that their information is protected and that their financial details are kept private.
Faster processing
Payments can be processed faster when using an online payment gateway. Most online payment gateways offer instant approval and real-time transaction processing.
Lower costs
Using an online payment gateway saves you money. You don't have to hire expensive staff to handle customer service calls or deal with fraud.
No need for additional software
You don't need to install any additional software to use an online payment gateway. All you need is a web browser and an internet connection.
Customer satisfaction
Customers appreciate being able to pay online. They find it convenient and hassle free.
More control over your business
With an online payment gateway, you gain complete control over your business. You can set up recurring billing, create discounts, and manage your own business.
In the Job Board Software – administrator will have the option to select payment gateways to accept payments for their services. Once they have selected a payment gateway, they will be able to add information about the service they provide, including job posting, resume search, pricing, description, etc. They can also view reports that will be generated based on the date range chosen by the administrator. These reports will show the number of jobs posted per day, sales, orders etc.
Online processing of payments online is a must for job boards these days as it saves money and time.