Merchant Account
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URL: https://forums.webwiz.net/forum_posts.asp?TID=13280
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Topic: Merchant Account
Posted By: Misty
Subject: Merchant Account
Date Posted: 09 January 2005 at 4:11pm
|
I would have an idea of how much it might cost to have a merchant account. I am interested in having a merchant account for selling products online. I've heard of different rates in the US. Can someone please give me more ideas? |
Replies:
Posted By: dpyers
Date Posted: 09 January 2005 at 6:36pm
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Your bank can give you the best idea, but you probably don't need a "real" merchant account yourself unless you're doing a lot of volume. What most people start with is a service that has their own merchant account. they sell you a psuedo-merchant account.
Fee's vary by volume - number of purchases per month, high, low, and average purchase cost, type of product - physical or intagible - e.g. is it a mountain bke, or a download?, the way you confirm the cc info/customer, and the number/percentage of chargebacks. And also if you are a "real" business - e.g. legally - and if so, for how long.
I resell for e-payment and they're pretty good from a resellers viewpoint. I also like ikobo and 2checkout. Leaning more towards ikobo no recent problems in the past year, low fees, nice api, good charge-back policy, and easy access to the $.
ikobo and 2heckout would be on my A list for someone just getting into e-commerce. e-payment is a little more involved. I like e-payment for recurring billing, but 2checkout, and I believe ikobo have both got new capabilities in that area.
All payment services have had problems art one time or another. ikobo, 2checkout, and paypall seem to have put most of them behind them. Paysystems is going through a bad time right now, and it would be best to avoid them - IMHO.
EDIT: BTW - $ savings on cc fees by being a "real" business" will often cover the cost of getting set up as an LLC within the first year given a moderate amount of sales. ------------- 
Lead me not into temptation... I know the short cut, follow me. |
Posted By: Dafni
Date Posted: 13 January 2005 at 9:34am
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Hello. As for me I had to choose between ikobo and Paypal as they offer the possibility to obtain merchant account for free, also both of them offer the lowest transaction fees. Now I decided to stay with ikobo due to it’s wider country coverage. Any suggestions? |
Posted By: No.1
Date Posted: 07 April 2005 at 10:42am
| They sustained their growth rate so I think that you made a good choice choosing ikobo. If I were you, I would also add PayPal in my payment gateway list. |
Posted By: huwnet
Date Posted: 07 April 2005 at 11:54am
| Please dont bring back old threads |