Bancr Digital Payments

Bancr (pronounced “Bank-er”) is a dynamic peer-to-peer digital wallet and payments platform that provides users the ability to securely store and transfer funds without the restrictions of traditional brick-and-mortar banks. Bancr was built by experienced banking professionals with strict adherence to global legal and compliance protocol. The bank agnostic platform allows users to associate existing bank accounts domestically and internationally to the integrated wallet.

Using Bancr Payment Gateway merchants can give their customers a simplified checkout experience that is PCI Compliant and offers a same-day settlement.

The customers are not required to enter card information into the Magento store. The integration meets the SAQ A level of PCI compliance.

Account & Pricing

To use the Bancr Payment Gateway, Create a merchant account by navigating to the Sign Up page of the Bancr website. The business user is then required to fill in the business registration page and be ready to submit Articles of Incorporation and Proof of business ownership. Upon review and approval, the business user is granted a Merchant ID.

Bancr charges various fees based on the transaction types. If you need any further information you can send your queries to support@bancr.io

Features:

• Set the custom title of the payment method
• Display payment method logo at checkout to gain more trust
• Facility to configure and use test/sandbox mode for testing purposes
• Automatically generate invoice upon successful payment
• Display additional information on the checkout page along with the payment method title.
• Redirect customer to Bancr Payment Gateway page from checkout page to complete order. Hence no need to store any card details in Magento.
• Admin can check the transaction details from the order view page on the backend. 

Security & PCI Compliance:

Using the Bancr Payment Gateway when customers make purchases on the Magento store, they get redirected to the bancr payment page where they can enter or authorize any payment-related information. The whole payment process is happening on the Bancr payment page. Customers' card details are not stored on the Magento server and hence ensure a secure payment process.