Payment Methods
This section describes an overview of all the supported payment methods. It also describes how a payment method can be added and how it affects both the payment flow and processing of the payments.
Overview
Nexi XPay supports a variety of payment methods to provide convenience for your consumers. The types of payment methods available are:
- Cards
- Wallets
- Account to Account (A2A)
Supported payment methods
Through a contract with Nexi, the following payment methods are automatically activated on your terminal:
| Name | Type | Countries |
|---|---|---|
| Visa | Cards | All |
| Mastercard | Cards | All |
| Maestro | Cards | All |
| V Pay | Cards | All |
| Google Pay | Wallet | All |
| Apple Pay | Wallet | All |
| PayPal | Wallet | All |
| PayPal - Pay in 3 | Wallet | IT |
| Bancomat Pay | A2A | IT |
| MyBank | A2A | IT |
| Giropay | A2A | DE |
| iDEAL | A2A | NL |
| Bancontact | A2A | BE |
Additional payment methods are available on request, with a Nexi contract:
| Name | Type | Countries |
|---|---|---|
| American Express | Cards | All |
| JCB | Cards | All |
Cards
A credit card authorization is a request to a card issuer from a card acquirer to approve a request for funds on a cardholder’s account. The request is based on a purchase transaction between you and the cardholder.
In the process of the authorization request, the card issuer will check that:
- the cardholder has an active card
- the cardholder has not reported their card as stolen
- the request does not seem fraudulent
- there are sufficient funds to cover the cost of the transaction
Once an authorization is approved, the amount is reserved and it can be captured. This means that the transfer of funds occurs upon capture.
Funds are only reserved during a limited time period. After this time period is exceeded, the issuer is not required to honour (approve) the capture request.
The timeframe for authorization time for the different card schemes can be seen in the dedicated sections of each payment method.
Wallets
Wallets are services that allow users to securely store and manage financial and payment information, such as credit cards, debit cards, and alternative payment methods.
Account to account (A2A)
Account to account (A2A) is a type of financial transaction that allows funds to be transferred directly from one bank or financial account to another, without the need for intermediaries such as credit cards or electronic payment accounts.