Forum Moderators: buckworks
This is my scenario:
I am in Costa Rica and I like to sell classified on line. Price from $10 to $60 one time fee.
I would like to take CC, that will be nice and easy for my clients.
Just click on the CC logo, fill out the field (1 to 3 fields to choose from), then proceed with your CC information, click to pay and be done with it.
I will get email confirmation with filled out form and will permit/approve the ad to go online.
I like to be able to withdraw the money once a month or so.
Be able to login to my account and see all the transaction ets. (perhaps pay others via my account).
I will like no setup fee or minimal.
Commission no problem (up to 10%). No monthly fees or statment fees etc.
Does anything like this exist or am I dreaming.
TIA
and probably 1000's more. Do a search on credit card processing on G. and you will definitely find a company that will suit your needs.
When and if I make few sales for $40, I get left with very little profit.
But thanks essex
And then you will have a merchant account which might have some type of a monthly fee (customer service or statement fee).
-Corey
What I mean by transparent is:
Simple straight forward transaction.
I am just looking at PaySat and it looks like exactly what I am looking for.
2CO:
Setup $49
Cost of sales 5.5% and $0.45
I can live with that.
-----------------------------
PaySat looks great!
No setup no other fees, just normal commission.
So far so good.
Will see.
"charges are likely to include:
Set-up fee. A one-off charge.
Annual charge. A recurring, annual charge.
Transaction Service Charge (TSC). Charges for processing UK debit card transactions are made on a “pence per transaction” basis. All other card transactions are charged at an agreed percentage for each online transaction amount. "
Ouch!
Bye!
It sure would be nice to see a website with all possible merchants in table info format.
Maybe I sure make one :)
BTW: as far i can see the Paysat looks like clear winner (for me anyway).
Thanks to Miklo
As far as the company you are reviewing and seem happy about, you might want to review some forums about their payment plans.
-Corey
off-set their risk? Hmm
1) that's why they charge %
2) that's why they have agreements (member pays)
3) some do, some don't
4) I see same risk from USA members as international
Looking in to the forum.
That was my next thing. To see who they are etc.
Thanks again
I only wish that would be the case.
That's all I want.
I believe it's only available for USA members.
As far as the discount rate and agreements - in the United States we have a social security number and driver's license. And we have the courts and the laws. If a US processors opens a merchant account for someone not based in the United States and that merchant takes off, it is much more difficult to locate that merchant. If the MAP does not locate the merchant, the MAP has to pay. The MAP has to look after its business, else it will go bankrupt
-Corey
I already signup with PP.
I supplied ALL the info they asked for via Fax etc.
I don't need to withdraw the money. I just pay the hosting ebay etc.
My CC volume that my clients are paying me with is very low.
I never had a charge back.
I only sell services online like ads and real estate listing.
So far so good?
The problem I am having is to understand is why "MY" clients have to register with PP?
Their is no fraud involved, just a simple low key transaction.
Why can't my clients just pay with CC via PP and that's it?
It's good to hear that you are checking out all the options. As far as your last question is concerned, PP does no longer require a registration for some countries. Unfortunately, Costa Rica is not one of them. I guess it has something to do with decreasing their risks.
Regarding the other third party processors: Some of them do charge a rather large set up fee, which automatically means that you buy off a certain risk. You have to understand that it happens very often that a merchant collects the money and runs, which means the processor gets stuck with many chargebacks and looses money. Installing such a set up fee automatically means that the merchant has to invest first and has to leave their credit card details, which also lowers the risk for the processor. My guess is that 2CheckOut has to be more aware of fraudsters than MultiCards as their set up fee is lower.
Anyway, I do know that MultiCards also offers lower rates than listed on their website. Not sure what the lowest rate currently is, although nowadays they specialise in setting up merchant accounts for European companies.
Paysat seems to be a viable option for your needs. I haven't really heard any bad stories about them, but just remember: People always tend to list their bad experiences in forums instead of their good ones.
Good luck and keep us updated.
What's going on these days :)
[edited by: lorax at 8:55 pm (utc) on Sep. 22, 2005]
[edit reason] removed link [/edit]
I have read some bad stories about PayPal, especially from one site, but keep in mind that PayPal have millions of clients, so a few bad experiences are bound to surface. And from what I can see, these are normally situations where the merchant tried to skate on the edges of the TOS. I have found them extremely helpful and friendly, much more so than some of the other 3rd party processors I had been involved with.
And for smaller international sites they appear to actually increase conversions, giving the customer a greater sense of security.
Paysat is a new co, with some bad stories. Risky i'd say, and no customer confidence factor.
The account optional payment page used to be quite satisfactory, with a pay by credit card link at the left, and or pay with Paypal account on right. This worked well.
Now it appears PayPal wants to promote itself more aggressively, with a eye catching PayPal logo and blue Login button above the billing form, which makes the no account line below 'disappear' at first glance. Since then the site's conversions have crashed.
This makes me angry. PayPal has no right to promote itself *at my expense* to *my* traffic/customers. I pay, as an intenational customer, about 5% per transaction for the service. If it was free I could understand.
Also their site seems awfully slow of late. Why is this?
Do a Google search for Maculator. It is a merchant account calculator which lists all the companies (or at least very many) that are into credit card processing. Very handy tool in my opinion if you want to compare costs.
worldpay charge 4.5% on credit card transactions, but only 50p (fixed amount) for debit card transactions
paypal charge 2.9% (or whatever) for credit and debit cards.
in the last year, almost exactly half my sales are by credit cards, and half by debit cards. if i used paypal, i'd be paying a fortune in extra fees!
even including worldpay's setup and monthly fees, worldpay still works out cheaper for me .........
the paypal fees calculator is very interesting ........ the way it's set up to whack on extra fees for merchant accounts is cool!
