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I am wondering how you are accepting payments from "around the world"? Paper checks (or cheques in UK) or wire transfer? If the answer is yes the Paypal is the way to go for receiving small payments at least because of relatively low cost of receivig payment, instant payment receipt to your paypal a/c and no upfront cost to open a Paypal a/c. I said small payments because their support is not good. It is very difficult to get hold of their support on phone. IMO Any one who deals on Ebay will agree with me.
Just read all the FAQs and support Q&As on the paypal's site and you will be ready to start.
I make a shopping cart on my server side.. at the payment section the total gets submitted to paypal and looking at the results from carts made and carts finalised by a sale etc.. there doesn't seem to be a cause for concern.
I don't use the paypal cart because its slow as all hell and just plain sucks.
As to when it becomes profitable to do so.. straight away.. your not paying merchant fees etc. When you have enough sales and the need for the merchant account switch then.
Spend the money you save on some good marketing and you'll be ready for merchant account before you know it.
joined:Mar 3, 2003
I read some of the horror stories relating to PayPay and decided that I could not recommend them to my clients - just in case. I shopped around for an alternative. In particular one of my clients had no credit history but needed to take CC payments. I found paysystems.com.
These guys do repeating transactions plus regular payments. you have the option of getting your own merchant account (with all the associated costs) or using their account (which means the payments show up on the statements in the name of PaySystems.com). All you need to join is a credit card of your own.
This is a low cost start-up option since Paysystems only charge $60 US to join with no monthly fee. They do however charge $1 per transaction plus 3.95 %. These transaction charges mean that if you have a high number of low value transactions you are better off with PayPal or a merchant account.
I hope this helps!
Worldpay is a bit expensive for me - I can't get a proper merchant account because I have not been in business for 2 years.