Checkout Payment Processors - Page 5

aliengizmo · 23-02-2008, 10:38 PM

Quote:

Originally Posted by Pete

Way too high! 2.49% is higher than most others that top out at about 2.29%. with some searching you can get down close to 2%.

28 cents is not bad, not that a penny or two per transaction is much, but the .2 % fee will add up.

So will the $ 24.95 per month fee. Most are $ 20, I personally pay $ 5 per month. If I would do zero sales in a month my total merchant account cost is $ 5.

It looks like you are hiding an affiliate link, since that's the main use of tinyurl. It could be that they have such hige fees so they can pay your commissions?
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ITs WAY better than the one your promoting mate let people make up their own minds OK

**Pete** · 23-02-2008, 11:44 PM

I don't promote any merchant accounts.

But I can come up with half a dozen in short order that will beat those rates.

Actually my problem was more with the affiliate link than it was the actual product. 2.49% is high, no doubt about that. There truly are many at 2.29 and 25 cents, with a $ 20 or lower monthly fee.

Sorry, if it weren't for the affiliate link I would not have said anything. But affiliate links do give the impression that you are more concerned with the sale than the results for the buyer. I try to put the buyer's interest first.
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bhsizemo11 · 24-02-2008, 07:46 AM

As I've mentioned several times in this forum:
http://www.novainfo.com/costco

1.99% + $0.27 per transaction for qualified Visa/MC transactions from Nova via Costco Wholesale
$0 statement fee for Executive members
$20 monthly minimum in discount fees

Bank of America will match the rate above, with a lower $0.20 per transaction. They won't match the $0 statement fee. http://www.bankofamerica.com/promos/...072i400000e481

**Pete** · 24-02-2008, 02:38 PM

That's what I'm talking about.

And no affiliate links!
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**livewire** · 08-04-2008, 07:09 PM

some of these are great but they are only for UK or EUR payments. Since we are in the US that wont work.

Any in the US besides paypal and google?

**Pete** · 08-04-2008, 09:39 PM

Many. Try ProPay. http://www.propay.com/

bhsizemo11 · 08-04-2008, 10:13 PM

So you don't want to use Google Checkout, or PayPal, or setup a regular merchant account (I currently use all 3)...the result is that you're going to be paying much higher fees with the other options including limitations (ex: Propay has higher discount fees with maximum charge amounts per transaction and per month). Don't confuse payment gateways (authorize.net) with a merchant account; they're completely different and work in conjunction with one another.

**livewire** · 09-04-2008, 12:43 AM

Well paypal is such a pain they freeze your account anytime they want and i cant risk that with my business. Google is no better. Although i did like them for awhile.

I cant get a merchant account because i dont have good credit or a processing history.

Propay is really just a merchant account. I am looking for like paypal type thing. Obopay seems ok. I thought xoom was ok but i found they scam alot of people.

**Pete** · 09-04-2008, 01:16 AM

It seems like the problem may not be with PP or GC, but with you.

I've been with PayPal since 2001 (just checked to be sure), there is hardly a day goes by I don't get a payment for something, and I've never had a penny held up.

I don't use GC for a couple of reasons. First I don't like them not allowing me to get an email address. Second, they are too large and prevasive. One day we will all be one their payroll, or their dole.

Your problems are the problem. Maybe what you are selling, maybe how you treat your customers, maybe, maybe, maybe........

They are not great, they are just OK, but if you can't get a merchant account (which nowadays means really lousy credit) it looks like you're stuck with PP and GC. You have to suck it up and adapt to their way.

If there is a great example of "my way or the highway" you are talking about a couple of the poster children.
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bhsizemo11 · 09-04-2008, 01:48 AM

Propay is a third party processor, just like PayPal and Google Checkout. Many people complain about Paypal/GCO, but the truth is a real merchant account will automatically debit your linked bank account as soon as a chargeback comes through the system. I find that sellers experience chargebacks because they don't advertise what they're selling honestly and completely accurate or they don't follow all the seller policies of each service. Simply following 22/23 requirements is not good enough; you must follow all 23 requirements. I can't remember the last time someone followed all the seller policies (such as the PayPal Seller Protection Policy) and lost a dime. Instead, the seller always shipped to an unconfirmed address, an uncovered country, or couldn't provide proof of delivery/signature at the confirmed address. Then they blame PayPal/GCO instead of themselves for not doing what the processor put in their terms in order to be protected.

On e-commerce sites, a large majority of buyers want to enter their card # on a site directly. While PayPal is a major factor on eBay due to integration, it's a small player as a percentage of transactions on stand alone e-commerce sites and transactions in general. GCO and other competitors are substiantially less of a player in the field. More than 90% of buyers on my site choose direct credit card entry over PayPal/GCO; I think your best bet will be starting with PayPal. Buyers don't want to use a service where they can't file a chargeback with the purchase of a product from the actual seller of the product (such as Obopay - the buyer must upload funds to their account balance and then pay the merchant).

http://reviews.ebay.com/PayPal-Accep...00000004223522

http://checkout.google.com/support/s...y?answer=42863