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Ecommerce Forum

    
Payment for small amounts
The client can not tell which amount will sell...
NeoN




msg:629590
 4:21 am on May 17, 2002 (gmt 0)

HI!
The client wants to sell informational product ( marketing book).
The problem he can not know how the sells will go.. So, we can not afford "expensive" payment processing at the start.
We need something cheap and easy to use.
For example , PayPal is one of the ways.. But what other could be used to accept CC without paying a lot and getting Merchant Account?

Second question.. Does anybody know E-currency system which could be charged by Credit Card???????
Integrated into site???

Thank you!

 

Crazy_Fool




msg:629591
 2:57 pm on May 17, 2002 (gmt 0)

>> we can not afford "expensive" payment processing at the start.

it's important that you use the most suitable service, not the cheapest. using the most suitable service will show you how many sales you can make - using the cheapest service may give you fewer facilities and may deter or prevent potential customers from making an online purchase. there is no way to measure such losses.

as an example, around the end of last month, i set up worldpay for two UK companies that had been using paypal - sales more than doubled overnight. worldpay accepts more cards than paypal does, especially UK debit cards. of course, the situation will differ according to the country and the business.

if your client is serious about business, then he needs to use the most suitable card processing facilites. "cheapest" is fine for hobby sites, but not always best for business.

NeoN




msg:629592
 4:46 pm on May 17, 2002 (gmt 0)

Crazy_Fool, thanks. I know that and agree with you!! But for now it is just too expensive to pay for that. In your example the sales doubled .. So, they had some and they doubled :) That is why we need something to start from..
And that is why I ask - I need something between PayPal and Worldpay in price..

Thank you!

NeoN




msg:629593
 4:47 pm on May 17, 2002 (gmt 0)

Crazy_Fool, thanks. I know that and agree with you!! But for now it is just too expensive to pay for that. In your example the sales doubled .. So, they had some and they doubled :) That is why we need something to start from..
And that is why I ask - I need something between PayPal and Worldpay in price..

Thank you!

sun818




msg:629594
 4:49 pm on May 17, 2002 (gmt 0)

Look at ODP :
Business > Financial Services > Merchant Services > Other Payment Systems

What is the sale amount? Can you predict how much (in dollars) you will process in one month?

Many of the payment processors geared towards micro-payment sellers charge a high transaction fee and/or percentage of sale fee. If your individual sales are under $25, the fees could add up to 10% of sales.

pshea




msg:629595
 1:57 am on May 18, 2002 (gmt 0)

Hi Neon. I suggest you examine 2checkout.com. Fifty dollars to sign up, 45-cents per transaction plus something like 5.5% of the sale. While they are not perfect, I believe they are in the arena of what you seek. Their corporate office is located in Delaware and so all of your sales will come from there. From everything I understand about a sale from the state of Delaware, if you are in the US, none of these sales will be subject to state tax. {consult your tax professional on that, don't go by me} For an unknown commodity, you can't go wrong with this deal.

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