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Best c/c payment processor for small transactions
Best c/c payment processor for small transactions
fernell011




msg:4078858
 5:55 am on Feb 12, 2010 (gmt 0)

Hi,

I need to setup a client with a shopping cart and a payment gateway. She sells songs (her own music - mp3s) and the typical purchase is $1 (unless a visitor buys more than one).

Paypal charges a minimum of $0.70 so that is not an option.

What could I use?


Thanks/Regards

 

piatkow




msg:4078904
 9:03 am on Feb 12, 2010 (gmt 0)

Three factors:
1. Location - most processors at this end of the market are country specific
2. Customer location - a pay by phone alternative is no good if you are selling overseas
3. Volumes - Most micro payment processors have hefty up front fees that need to be covered.

sun818




msg:4079145
 5:55 pm on Feb 12, 2010 (gmt 0)

piatkow? huh? what are you saying?

try paypal, they have a micro merchant option where transaction fee is only 0.05. it's perfect for mp3 songs

xshadow




msg:4079184
 7:10 pm on Feb 12, 2010 (gmt 0)

try paypal, they have a micro merchant option where transaction fee is only 0.05. it's perfect for mp3 songs


Ditto with Paypal's micro payments service. Simillarly, Amazon offer a payment service called FPS. For transactions less than $10, they charge 5.0% + $0.05 for credit card... so only 10c on your dollar transaction!

fernell011




msg:4080594
 4:42 pm on Feb 15, 2010 (gmt 0)

Makes sense, thank you all...

piatkow




msg:4081189
 10:28 am on Feb 16, 2010 (gmt 0)


piatkow? huh? what are you saying?

try paypal,

The OP explicitly excluded Paypal.
I admit that this is an area I haven't researched for over a year now but every micro payment option I have come across so far has either been country specific or involving an up front fee. Personally I use Nochex but as the OP quoted a dollar price I reckoned it would be no good as a UK bank account is required.

sun818




msg:4081528
 7:43 pm on Feb 16, 2010 (gmt 0)

OP excluded Paypal because s/he didn't know about other payment processing rates Paypal offers. It is fairly new program, but I like online payment services are innovative in this space. Credit card merchant accounts are truely a rip off for card not present.

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