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Gullanian 
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Joined: 04 January 2002
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 Topic: Accepting Credit Card Payments
Posted: 28 April 2005 at 1:50pm |
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Can anyone advise me on the best service I can subscribe to that allows me to accept CC payments?
The thing is most I find seem to charge 40p, 20p or something like that per transaction, as well as a % on top.
Some things I am selling are as cheap as 66p so this is not ideal!
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Gullanian
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Posted: 28 April 2005 at 2:13pm |
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Is http://www.free-merchant.com/rates good?
Looks a bit suspect.
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dpyers
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Posted: 28 April 2005 at 4:05pm |
payquake is good for under $700-$800 (US) in sales. Over that, eonlinedata or 2co are popular. You may get a better deal going through your bank if they're geared to small businesses. Many hosts also have arrangments with cc processors so their clients get a discount.
A common experiece is that sales increase dramatically when you go from paypal to cc payments so basing an estimate of your cc charges upon paypal sales won't be to useful. Of course, if your viewing population is to young to have cc's, paypal will be king.
Edited by dpyers - 28 April 2005 at 4:07pm
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xeerex
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Posted: 28 April 2005 at 6:04pm |
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2checkout.com is good to a point. However, after a certain point the
transaction fees coupled with a the 5.5% will be a killer. Plus, they
only pay on a 2 week schedule unless they grant you a weekly release so
cash flow can be a factor.
PayPal is great unless you want a "true merchant" account. It's hard to
beat 3.25% with no additional fees, and PayPal does not require an
account so you can take credit cards using it. Plus, you have instant
access to the funds except the ACH time to send it to your bank, or you
can get a MasterCard debit card. There are a ton of naysayers out there
with any processor; however, I have run thousands of dollars through my
PayPal with virtually zero issues.
Other than those, your best best is something like Authorize.net or
your local bank if they offer IMA's (Internet Merchant Accounts). Then
you'll need a gateway script for them as well. Of course, the monthly
fees, statement fees, transaction fees, minimum volume fees, etc, mean
that you will need to do a pretty good volume to overcome them.
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808Rider
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Vebro Solutions CEO http://www.vebro.net
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Posted: 28 April 2005 at 11:30pm |
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WebWiz-Bruce
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Posted: 29 April 2005 at 3:08am |
I use WorldPay, www.worldpay.com, for online credit card payments.
The problem is that they will all charge as the credit cards will charge them.
Credit card companies usually charge a percentage of the transaction,
but for debit cards it's usually a set fee, like 30p no matter what the
amount.
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Bluefrog
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Posted: 30 April 2005 at 9:09am |
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I've used a few different systems and wired up things from scratch,
i.e. I've got a few variables to pass to a payment gateway and that's
it.
By far the best I've used so far are some of the Korean payment
gateways. They offer unlimited flexibility and just plain rock. Fees
are cheap and they just work.
I don't think that helps though...
It is rarely worth paying more than 4 or 5%. Something like RegNow
actually offers decent value because they have other services and a
large group of affiliates that will sell for you. But they are just for
software, and 15%.
Paypal is cheap, but limited.
The above recommendations people have made are all worth investigating.
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Gullanian
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Posted: 30 April 2005 at 9:45am |
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Thanks guys, had a look at them all but still too expensive.
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