Tokenization

What is it?

When applied to the payment industry, tokenization is generally used for credit card payments. This means that for every credit card payment, a unique Recurring ID is created and subsequently encrypted as a token that cannot be used to retrieve the customer credit card details. As a result, potential fraud risks are reduced.

With tokenization service, merchants can associate a token or a list of tokens to a customer reference, retrieve token information, update or delete them.

How does it work?

The token is a unique number generated by MultiSafepay that refers to the credit/debit card details provided by the customer upon completing the initial transaction. Creating a token allows you to save a customer’s payment method. In return, a token can be used for recurring and subscription payments. It also allows the customer to finalize a payment in one step.

Tokenization allows you to:

  • Create recurring and/or subscription payments
  • One click payment (Meaning, the customer can select the saved payment method)
  • List customer tokens
  • Retrieve token information
  • Update and/or delete a token

Feature is available for:

JSON API

Magento 1

Magento 2

PrestaShop 1.6

Payment methods that can retrieve a token:

  • Visa
  • Mastercard
  • American Express
  • SEPA Direct Debit
  • iDEAL
  • SOFORT Banking