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2CheckOut, Affero, BTClick&Buy, CCAvenue, CCBill, CCNow, ClickBank, DigiBuy, DigitalCandle, FastPay, iBill, iKobo, ImagineNation, InstaBill, Jettis, Kagi, MembershipPlus, Moneybookers, MultiCards, MyPaySystems, NoChex, PartyKey, Pay-Line, Paymate, PayPal, Process54, ProPay, Reg.Net, RegNow, RegSoft, Share*It, StormPay, SWREG, V-Share, Verotel, VolPay, Yahoo! PayDirect.
Have I missed any?
Any suggestions would be appreciated!
Thanks to the previous suggestion regarding the Yahoo Directory listing, I was able to identify a few more 3rd party processors that will soon be added to my database.
Most of the listings on the Yahoo list are e-cash, e-gold or pre-paid account providers, however. To list all the e-cash types would be another project. Maybe somebody else wants to take that on?
My list only includes services that allow buyers to pay by credit cards in one transaction.
Affero, BTClickandBuy, CCBill, DigitalCandle, FastPay, iBill, iKobo, InterBill, Jettis, Kagi, Membership+, Moneybookers, NoChex, Paymate, PayPal, Process54, Reg.Net, setSystems, Share*It, StormPay, SWREG, V-Share, Verotel
Discount Rate < 3%:
CCNow, FastPay, iKobo, InstaBill, Moneybookers, NoChex, Paymate, PayPal, Yahoo! PayDirect
On the Maculator filter drop-down list you can pick these selections as well as Digital Products, Digital Software, Digital Non-Software, Directory Marketing, High-Risk Content, Multi-Countries, Multi-Currencies, Multi-Languages, Affiliates Opportunity and other selections.
There are a few more processors like LotaPay, for example, who refuse to provide any fee information? LotaPay is Japan-based and specializes in high-risk content. In response to my e-mail about rates, they only stated that "The rate are depend on what kind of business you have."
Because of suggestions from this forum and others, the list has now expanded to 41 3rd party processors.
The Maculator is a dynamic research project that relies very heavily on information provided by forums such as this one.
We also need to know if any of the 41 third party processors have changed their rates or offerings or if users have had positive or negative experiences of note with any of the processors identified?
There are others, as well, some of which focus on specific product lines. The Maculator database has now grown to 41 third party processors. At least one more European provider will be added in a few days.
Free eCash4.net Merchant Account setup
Free Payment Gateway setup
No Application fees
No Programming Necessary
No Statement fees
No annual or monthly fees
No Credit history check
No security deposit for High Risk Merchants
Merchant account for Onshore/Offshore businesses
All business types welcome (inc. High Risk Merchant)
Aproval rate over 99.99%
Payment Gateway in few seconds
Merchant Account Included
Real Time Payment Processing
Fully automated payment
Free Offshore Business Checking Account for your company
Prepaid Internet MasterCard for online shopping
0.50% per Transaction for regular merchants
Up to 3% for High Risk Merchants (Casino, Adults Business, Gambling, MLM)
No other Transaction Fee
Low Batching Fee
Withdraw by SWIFT transfer
Up to USD 100 for Each Client You Refer
SSL 128bit secured
Free 24/7 technical support
weird? or is it me?
If you look closely at what eCash4.net offers you will see that you cannot accept credit card payments with the eCash4.net account unless you establish a merchant account with eCast4.net. The merchant account they offer requires an application fee of USD $59. There are several other requirements and restrictions for these accounts as well.
Some e-commerce pundits have stated that half of the potential buyers on the web do not qualify for credit cards. If this is true, it should encourage merchants to open up an e-cash account of some kind in addition to a regular merchant account and possibly a 3rd party processor account, as well. This will allow the buyer to select the payment option that is most accessible to or preferred by the buyer.
It seems that e-cash alternatives are growing in competition and this may be an indication that there is a significant market for these alternatives. Many of these alternatives provide conversion services between gold accounts and other e-cash accounts.
The e-cash industry is one that needs to be investigated more thoroughly by someone. Currently, my own research time is devoted to 3rd party credit card processors and merchant account providers.
Online credit card processing
If you want to receive payments from payment (credit) cards on the Internet, you can use services of eCash4net. For the acceptance of this service you must own a merchant account at eCash4net, which must be verified. The service connected with the acceptance of payment cards requires other additional verification of the client going beyond usual requirements connected with the opening of a current merchant account as provided for above.
The acceptance and clearance of payment cards are only available to legal entities (and not to natural persons that are not entrepreneurs). There are no restrictions connected with the country of origin of the company, but there are some restrictions concerning business activities of the merchant.
What documents do we need from you for the discussion of your preliminary account:
Extract from the Companies Register (Certificate of Incorporation)
Copy of the Association Agreement and of the Articles of Association for the company (Bylaws)
Copy of passport or personal ID document confirming the place of residence and bank references concerning all directors
Copy of passport or personal ID document confirming the place of residence and bank references concerning all persons controlling the company (if the company is controlled by a legal entity, then the Extract from the Companies Register and a copy of the Articles of Association, including references concerning directors)
Bank references to the company and if the company does not have any bank account, then two business references (e.g. from a business partner, auditor, accountant, lawyer, companies register, business chamber, etc.)
Business plan describing presupposed activities or description of the business activities that have already been implemented
Information on what way it is possible to manage the client’s complaints
Fee amounting to USD 59, connected with the costs of verification and due diligence
Note: The service connected with the credit card processing is ONLY available to registered clients that have an account at eCash4net. Before you ask for a service connected with the credit card processing, you must open an account and register yourself into the eCash4net system.
eCash4.net reserves the right to refuse any application for credit card processing. The fee amounting to USD 59 is a non-returnable fee even in the case that the application is not positively managed and the account is not opened. The fee serves for covering the costs connected with due diligence procedures.
As you can see from the above, eCash4.net has the e-cash "merchant account" program for the rates you quoted that do not include processing credit cards. Their "credit card processing" program costs more, including the non-refundable USD 59 application fee.
I'm sure they have other fees for processing credit cards, as well, even though they may not be published. This is because Visa and MasterCard both charge interchange fees for all credit card transactions that are over 1% and possibly higher depending on the type of product or service. This cost cannot be avoided by any processor.
Perhaps you should send them an e-mail requesting more information and clarification of their fees for processing Visa and MasterCard transactions?
Paypal, though only serving the US, is a good bet...just a shame that there are not more...They all offer good affiliate programs however! If you need help with this stuff let me know, they are all still calling my home wanting me to sign up to their expensive fees(they are if you aren't making any money yet)...
Paymate listed above seems to be for australian patrons only, and some of those companies want minor money upfront, or monthly fees along with Articles of Incorporation, etc...perhaps even your "next newborn child" or a slice of your DNA...ha (meaning --- humor)...It seems that companies providing these services just take and take before you even get a chance to make any money (or those that you webmaster for, if not webmastering for yourself)...
It's easier to offer little things and go through someone inexpensive and then move up in the world to a higher transaction based company...
It's 50 to 100 on average to open a US merchant/business account at your local bank...you'll just need some forms for tax purposes and some forms stating you are doing business as such and such(which cost money on the government level)...
You may even need a franchise license, or a sales tax permit....the list goes on...but you at least have a building to go to and to complaint in, in case something goes wrong...then all you would need is to pay an online gateway company, and or to buy software that can talk to your local bank...
Well, that's alot for now...
After all, you don't expect to get something of value for nothing?
Towards the beginning of this thread I identified over 20 3rd party processors that offer their services for no upfront fees, annual fees, or monthly fees. Many of these have relatively low discount rates, as well.
If you're working with startup businesses, I think this is an option that should be presented in the proper context.