What are some of the merchant accounts you use for accepting credit cards and echecks on your site? I would just like to know what's out there when looking for a replacement. I know that I can "Google" it, but this will drastically reduce the time it takes to filter many, many results that are actually irrelevant to my search.
Corey, if you click on his User Profile it says Midwest; and people who say that are referring to Midwest U.S.
The answer to this question depends on volume, average ticket size, type of product... I have a tiny site and use Paypal and Propay--there just aren't many reasonable choices at the bottom--while there are a huge variety at higher levels.
If you are in the United States, and selling more than $1,000 a month, a merchant account is usually better and more cost effective. If it is high risk though you are better staying with your current company or finding a 3PP to process.
There are hundreds of merchant account providers (MAPs) and thousands of resellers selling them.
Usually you can get discount rates for around 2.3 / 2.4% and you can even use a blended rate to get a lower rate (around 1.95% or so) on signature debit cards.
THANK YOU for the replies. Ticket size is small right now. I just want my merchant account to make sense and help me make money (by offering a variety of payment options), not make me have an unuseful expense.
I will keep the one I have for now and keep a look out for others.
If you have one & you are happy with it - stay with them. It can be a pain at times to switch actually. Sometimes it is worth it - you just look at your ROI and some customers are only saving sometimes around $30 a month