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Merchant Credit Card Processing

I need some help with this

   
6:07 pm on Sep 22, 2006 (gmt 0)

5+ Year Member



Can anyone recommend any merchant credit card companies to go with?

Has anyone any experience with a merchant that they would like to share?

I need to get this set up like ASAP! Thanks

6:09 pm on Sep 22, 2006 (gmt 0)

5+ Year Member



I forgot to add that this is for a digital product. I will be selling memberships to my site. (biz opps)
8:55 pm on Sep 23, 2006 (gmt 0)

5+ Year Member



Hi! I would say, start at the bank where you/your clients do business. While banks are often a big ripoff, it helps to have a rate for comparison and sometimes banks will lower the rates if you really haggle.

Banks will make it sound like the percentages and fees they will charge you for a merchant account with a credit-card scanning unit are set in stone - really it's totally capricious. Pretend you are at a Persian Rug market, haggle and play hardball, it works.

There are now a plethora of online merchant services - you can google for their Web pages. I would suggest that you NOT go with what's cheapest. Make sure that you can speak with a live human for support. Lots of $$ and customer satisfaction will be in the balance, make sure you won't be fumbling around with a customer's $$ when systems go "down", etc.

Getting a merchant account is very difficult for many, it's not unlike getting a morgage. Before you can start playing with credit cards they will look at your books, licenses, credit, banking histories and even talk to your friends! No kidding. So just be sure you have got it together before invoking these companies (some of the most powerful in the world, remember.)

If that can't happen, then explore some of the all-in-one online services, especially since you are selling digital products and not widgets needing to be shipped, etc. Look for a company that has "buy now" buttons and will process the back-end of the transaction. Usually for a fairly significant percentage plus fees.

I know some sellers that are having good success taking their wireless laptop to the marketplace and having customers standing at the booth use PayPal buttons on their Web site to sell stuff, then just handing it to the customer. Pretty cool. Inexpensive approach.

-- Bonnie

4:17 am on Sep 24, 2006 (gmt 0)

5+ Year Member



We are doing really well with Cardservice International as our merchant account provider. They use Linkpoint for their payment gateway.
7:36 pm on Sep 24, 2006 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



It really depends on what country you are in thewebgurl

-Corey

11:45 pm on Sep 24, 2006 (gmt 0)

10+ Year Member



Personally I use Paypal for credit card processing. Their fees are far less than my bank quoted me and you can set it up quicker. There are a variety of others too (mainly American) but it depends what your criteria is regarding volume, language, country they're based in etc.

Paypal is pretty big though - I think they got bought by ebay a while ago.

10:01 am on Sep 26, 2006 (gmt 0)

10+ Year Member



I use Worldpay but wouldn't particularly recommend it. Protx seems cheap, I've been considering them for a future project. Don't yet know much about their reliability, integration, etc.

hth, a.

8:53 am on Sep 29, 2006 (gmt 0)

10+ Year Member



If you have basic programming skills Protx should be easy enough to implement.

I have had no troubles with them so far and the rates are ok. You get control over the payment page (how it looks) and it seems to perform well.

It also comes with the integration kits to make it a smoother job for you.

9:39 am on Oct 14, 2006 (gmt 0)

10+ Year Member



WP is expensive, you should check with few other processor as well as well like Protx,nochex, barclays, Chronopay, multicards, secpay etc. Better to choose 2-3 processors and ask quote to check who offer you best price.
8:25 pm on Oct 15, 2006 (gmt 0)

10+ Year Member



PayPal
11:52 am on Oct 16, 2006 (gmt 0)

10+ Year Member



Of course Google's now an option too, although I haven't used them myself... anyone?...

best, a.