Step 4: Payment Channel Contract Setup
Contracts formalize the relationship between merchants and payment channels. This step involves adding credentials and fees.
Navigate to the Payment Channel Contract Section.
Create a new contract:
Select Company and Payment Gateway Company.
Assign a Contract Key: Used internally for reference.
Add Contract Credentials: These are provided by the payment gateway company:
Request URLs
Secret Keys
Merchant Codes
Record Transaction Fees: Example: 1% transaction fee and 10 cents processing fee.
Add provided contract credentials :
Purpose of Payment Channel Contract Setup
Contracts formalize the agreement between merchants and the payment gateway. Credentials ensure secure communication, while transaction fees define cost structures.
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