Sokin Payments

Sokin removes the borders, barriers, and burdens from global business. Headquartered in London, and with offices across the globe, we exist to support businesses on the global stage, by removing friction to international trade.

Our ecommerce gateway allows you to easily accept online payments and settle in like-for-like currency accounts. It’s a quick and easy way to get paid with no setup or account fees.

Account setup and Pricing

Create a free Sokin account here to start using this plug-in extension. Sokin offers hyper competitive processing fees for domestic and international payments with no hidden fees. See our ecommerce gateway pricing. 

Features and Benefits

• Win more sales: Ensure fast and frictionless payment with simple embedded and hosted checkouts, local currencies, and popular ways to pay.
• Protect your profitability on the global stage: Enjoy lower processing fees on domestic and international transactions and no hidden fees. 
• Settle in like-for-like currency accounts: Accept, hold, and send funds in multiple currencies, using Sokin's global receivable accounts. Wave goodbye to unnecessary bank bureaucracy, global bank accounts, and forced FX conversion fees.
• Unlock global growth: Accept payments from 150+ countries in multiple currencies. Benefit from domestic banking facilities in key markets.
• Protect your business: Stay secure with the highest security standards: PCI DSS compliance, 3D Secure, and Europe’s Strong Customer Authentication (SCA).

User Interface and Experience

Sokin Pay integrates seamlessly into your existing Magento store, adding a secure and user-friendly payment gateway at checkout. Customers will see additional payment options displayed clearly during the checkout process, allowing them to choose their preferred method easily. 

Configuration Guidelines

To configure the Sokin Pay extension, you will need your X API Key, API URL, and Checkout URL. The X API Key can be found on the Sokin Business Portal under Settings > Sokin Pay API Configuration. Once you have these details:

1. Access Your Magento Admin Panel: Log in to your Magento backend to begin the setup process.
2. Navigate to Sokin Pay Settings: Go to Stores > Configuration > Sales > Payment Methods and locate Sokin Pay in the list of available payment methods.
3. Enter Configuration Details: Input your X API Key, API URL, and Checkout URL into the corresponding fields. Also choose which countries to allow.
4. Save and Test: Save your settings and perform a test transaction to ensure everything is functioning correctly.

This straightforward setup process ensures you can start accepting payments quickly and efficiently. For more information, please refer to the Sokin API documentation.

Security

Security is at the core of Sokin Pay's functionality. We utilise advanced encryption and security protocols to protect sensitive payment information.

• PCI Compliance: Sokin Pay is fully PCI DSS compliant, adhering to the highest security standards in the payment industry. Our integration method qualifies for compliance level 1, significantly reducing the PCI compliance burden on merchants.
• Integration Method: Sokin Pay uses a Hosted Payment Page (HPP) integration method. During checkout, customers are securely redirected to Sokin Pay's PCI-compliant payment page to enter their payment details. After the transaction is completed, customers are redirected back to your store. This method ensures that sensitive cardholder data does not pass through or reside on your Magento server.
• Data Handling:
  • Customer Data Entry: Customers enter their payment data directly on the secure Sokin Pay payment page, not on your Magento site.
  • Data Storage: No sensitive payment data is stored on your Magento server. Only non-sensitive transaction data, such as order confirmation and payment status, are communicated back to your store.
• Customer Data on Magento Server: By not handling or storing sensitive payment information on your server, you minimise security risks and simplify compliance requirements.
• 3D Secure Authentication: The built-in 3D Secure (3DS) protocol adds an extra layer of security by requiring customers to complete an additional verification step with the card issuer, further reducing fraud and chargebacks.
• Encryption and Tokenisation: All communication between your store, customers, and Sokin Pay is encrypted using industry-standard SSL/TLS protocols. Payment details are tokenised, ensuring that sensitive information is protected during transmission and storage.

By choosing Sokin Pay, you can offer your customers a secure, convenient, and diverse set of payment options while maintaining the highest standards of payment security and compliance. Our hosted payment solution offloads the handling of sensitive payment data to Sokin, allowing you to focus on growing your business with peace of mind.