Save payment methods
Last updated: Oct 21st, 9:48am
Save payment methods so payers don't have to enter details for future transactions. Payers can check out faster or pay without being present after they agree to save a payment method.
A payment method is saved and exchanged for a unique token through tokenization. The token is stored securely and used instead of the original account number.
The benefits of using saved payment tokens include:
- Increased security by reducing opportunities for data theft.
- Simplified payment processing.
- Helps maintain the Payment Card Industry Data Security Standard (PCI DSS) compliance.
Save payment methods with or without transaction
- With a transaction - The customer's payment method is saved during checkout. They can select it again at checkout for faster transactions.
- Without a transaction - The customer's payment method is saved without checkout. Customers don't have to be present for future transactions. A common use case is offering a free trial of a product and charging customers later.
Save payment methods at platform or merchant level
- Save payment methods at the platform level - Supports a payer using a saved payment method with many merchants. For example, a payer saves their payment method on a marketplace's website. The payer can then use their saved payment method with any merchant on the marketplace.
- Save payment methods at the merchant level - Supports a payer using a saved payment method with one merchant. For example, a payer saves their payment method on a merchant's website. The merchant's ecommerce is hosted by a third party. The third party saves payment methods for the merchant.
Supported payment methods
PayPal can save the following payment methods to the vault:
- Credit and debit cards
- PayPal Wallets
- Venmo