All the people who read this tell me is there demand for:


A service that gives you a shopping cart and the ability to accept credit cards. All you have to do is cut-paste code into your website and you will have a fully functional store. And the lowest per-transaction rates. Ill charge only $15 per month. No setup fee. Accept AMEX, visa, mastercard, jcb, carteblanche, discover, diners, eurocard and optima. This is all on a no-contract basis. People will also have the option to buy the co-branded cart ($15) or the fully branded cart $30. And people get detailed accounting at the end of the month.

the first option is $15 a month and the second one $30.
(USD)

so is there demand for this?

Definately, but do you mean $15/$30 per month, or per transaction? :) If its per month, how are you going to stay in business with customers that have 500+ (or even 100) transactions per month?

yeah... the plans/pricing is not sound ... perharps you should elaborate more. Furthermore, you are not thinking about sharing merchant accounts, are you? At $50/mo ... you can get a descent merchant account for *yourself*, i.e. charge.com, and many other ...

cheers,
:beer:

uh uh.

Ur not getting it this is a shared mercahnt account. transaction fees apply. You get a proper controlpanel and all. And our transaction fee's are low. We dont take away a HUGE 10-20% of your transaction. We dont run credit checks or anything. You apply today, pay for the cart and your account is setup. You can sell anything like goods or services. Except illegal goods. And depending on the package you buy it only costs you $15 or $30 per month. Sure if the people who CAN do the formalities of a mercahnt accouint go for it, but those who cant??

I think there are several people that would prefer this instead of a regular account like Charge.com etc.

By the way charge.com charges a LOT this is far cheaper than charge.com. About .5/100 of the charge.com price. And charge dot com does not give you the abilility to accept the cards ive mentioned. And with my deal there is NO need to purchase hardware. My service is kinda like instabilll but more flexible.

Originally posted by Tox
I think there are several people that would prefer this instead of a regular account like Charge.com etc.

But why? at $30/mo (not including transaction fees, etc) .... I might prefer to go with Charge.com (or any other cheaper merchant account). The $50/mo fees for charge.com does include transaction fees (up to $25/mo) already ...

cheers,
:beer:

Originally posted by Tox
I think there are several people that would prefer this instead of a regular account like Charge.com etc.

See heres one person who agress. Understand the benefits:

1) You get a customizable shopping cart
2) SSL is there
3) Fraud prevention
4) We process the transactions and YOU ship the goods
5) ULTRA low monthly fee
6) VISA, MasterCard, Carte Blanche, JCB, Diners, AMEX, EuroCard and Optima cards can be accepted.
7) At the end of the month you receive a check/wiretransfer and a complete log of your transactions or retruns.

Originally posted by ^Kyo
By the way charge.com charges a LOT this is far cheaper than charge.com. About .5/100 of the charge.com price. And charge dot com does not give you the abilility to accept the cards ive mentioned. And with my deal there is NO need to purchase hardware. My service is kinda like instabilll but more flexible.

How come? I have a merchant a ccount with charge.com ... Unless I misunderstand the terms, I think charge.com might be cheaper.... How much discount rate/transaction fees do you offer? I got 2.35% discount rate and $0.35 transaction fee with charge.com ... The statement and gateway fees are $25/mo, and I already bought my own Software (real time virtual terminal). Besides, charge.com uses Authorize.net as the real time gateway ... I am not sure what company you represent ... As you said, you might be cheaper but at $30/mo (not including transaction fees and discount charge), I may just prefer getting my own merchant account (also since I don't need to accept optima, jcb, carteblanche, etc) ...

So ... give us more info on your merchant details (fees and discount rate) ....

cheers,
:beer:

Originally posted by dektong


But why? at $30/mo (not including transaction fees, etc) .... I might prefer to go with Charge.com (or any other cheaper merchant account). The $50/mo fees for charge.com does include transaction fees (up to $25/mo) already ...

cheers,
:beer:

You can CHOOSE the package you want. For $15 a month you get a co-branded shopping cart. For $30 a month you get a fully-branded shopping art. There are NO setup fees. And only the transaction fee's plus a small commission (Never exceeding $3) applies. You WONT get a better deal anywhere else. Take for example zStarNetwork. they take:

10% from each transaction (blah)
20$ a month and they dont offer a complete customization shopping cart.

See the advantages. dek, listen, are you willing to pay around $900 for setups then $60 for gateways everymonth?

again i repeat..


"THIS IS FOR PEOPLE WHO CANNOT AFFORD THEIR OWN MERCHANT ACCOUNT!"

I mean do you see every other webhosting company getting a merchant account so that they can sell their stuff online?
By the way.. just list here the EXACT amount you had to pay for your Charge.com account? Again i say that you're missing out that there is a $15 per month option.

Originally posted by ^Kyo
Take for example zStarNetwork. they take:

10% from each transaction (blah)
20$ a month and they dont offer a complete customization shopping cart.


Well... why take an example from them? I won't go with merchant account who will take more than 3% of the total transaction... the reason why I did not go with revecom.com .... The customization, though, might be helpful for some people. I am not sure whether charge.com does allow me to customize the shopping cart (which I think they do) ...


See the advantages. dek, listen, are you willing to pay around $900 for setups then $60 for gateways everymonth?

Why would I be willing to pay that much? With charge.com, I don't pay any setup fees. I paid $195 to buy the virtual terminal (don't want to lease it) and it comes from atuhorize.net. and only $15 for gateway (charged by authorize.net) ....

Anyway, I don't mean to be harsh ... unless you convince me that your would be cheaper than ordinary merchant account, people will surely go with you, no doubt. So ... let's take a quick case ... say ... in a month I will be processing $500 funds in 30 transactions ... at charge.com I will only pay $50/mo for all these, how much will you charge us? How about $1000 in 60 transactions?

Have you taken a look at revecom.com (very low setup fee) and echo-inc.com ?

cheers,
:beer:

Heres the pricing structure


a month fee or $15 or $30 (depending on the shopping cart you purchase)


.50 cents per transaction + 3.5%


Less 6.5% for our own operation costs. HOWEVER this 6.5% will never execeed $3.

You're basically paying me for the shopping cart. And the 6.5% fee is for credit card processing. This is the most comprehensive pricing for such a service -- PERIOD --

I mean think about it.. zStarNetwork (instabill) take 10% of your transaction and $20 per month that means if your product costs $200

zStar get $20 from your product payment.
And you get 180$


Now compare it with mine.



200 - .50 = 199.50 = 192.5
192.5 - 6.5% = 12.5 therefore we only take $3

you end up with


189.5 dollars...


so wheres the advantage??? obviously with my serivce. Think about it. The higher the transaction the more you get. Unlike ccnow, zstart, paysystems etc.





199.50 - 3.5% =

Originally posted by ^Kyo
again i repeat..


"THIS IS FOR PEOPLE WHO CANNOT AFFORD THEIR OWN MERCHANT ACCOUNT!"

I mean do you see every other webhosting company getting a merchant account so that they can sell their stuff online?
By the way.. just list here the EXACT amount you had to pay for your Charge.com account? Again i say that you're missing out that there is a $15 per month option.

OK ... let's take your $15/mo option ... I will ask you to give me a total cost based on
- $500 worth of transaction in 30 transactions (say $17 per transaction)...
at Charge.com, I will pay $25/mo for statement and gateway fees and since my total transaction fees is less than $25, they will charge $25 so ... total $50/mo
- $1000 worth of transaction in 60 transactions (say $17 per transaction)...
at Charge.com, I will pay $25/mo, $23.5 for discount rates (2.35% of $1000), $21 for transaction fees ($0.35*60), so total I will pay $69.5/mo

Funds will be credited to my accounts within 2-3 days only (not the end of the month).

Please don't take this as an offense, surely I will use your service (depending on how reliable your company is ... btw, what company do you represent?) ... Currently I am looking for another merchant account, and have my eyes on echo-inc.com

cheers,
:beer:

Originally posted by ^Kyo
The higher the transaction the more you get. Unlike ccnow, zstart, paysystems etc.
and that's exacly the reason why I did not go with them ... currently, trying to get a second merchant account from echo-inc.com... Can you beat their price? Also, it would be great if everybody knows what company you are representing ....

cheers,
:beer:

Ahem, my service is NOT a merchant account. Its a cart with credit card processing. And since your worried about payouts, you can request payouts any time during the month. If you want we can even debit funds to your Cybank.com account. That way you know that you're getting paid. By the way does Charge.com offer 24/7 fraud screening?

Ok if you do signup for my $15 option then you pay at the end of the month only $15.. the credit card processing fee's and commission are automaticly deducted. All you pay is $15/39$ (whatever u choose) and we deduct cc processing fees automaticly. Simple as that. You just pay a fixed price and get the cash whever you want.

Originally posted by ^Kyo
Ok if you do signup for my $15 option then you pay at the end of the month only $15.. the credit card processing fee's and commission are automaticly deducted. All you pay is $15/39$ (whatever u choose) and we deduct cc processing fees automaticly. Simple as that. You just pay a fixed price and get the cash whever you want.

OK ... let's end the ping-pong game here ... Just give me how much the total cost would be, using your service, based on the scenario aboave ($500 for 30 transactions and $1000 for 60 transactions).

And, yes ... charge.com does offer fraudscreen (though not standar service, but's its offered for a minimal fees by authorize.net). Also, I can accept checks fro free ... better than me accepting jcb, optima, diners, eurocard, etc.... :)

cheers,
:beer:

Ok .. tell me how many transactions you want to process and what is the cost of one transaction? then ill tell you the amount of cash that will be deducted. Just tell me the $ * number of transactions

Originally posted by ^Kyo
Ok .. tell me how many transactions you want to process and what is the cost of one transaction? then ill tell you the amount of cash that will be deducted. Just tell me the $ * number of transactions

I have already given you that information (see the two scenarios above) ... But most hosting companies would probably do $10 per transaction (might even be less since some of them have <$7/domain deal). Therefore, I always aim not for the cheapest monthly fees, but also for the cheapest transaction fees and discount rate ... if you service can be cheaper than charge.com (or even echo-inc.com), then I am sure people will be interested with you. As for me, I have requested to know what company you are representing but have not gotten any answer. I won't let my account be handled by a company that does not have any reputation .... that's antoher reason I chose to go with charge.com for it uses the well know and established service of authorize.net ...

Cheers,
:beer:

Ill be representing my own company , yes thats rite. Its privately held and privately funded. By the way we cater to the WORLD audience and not just to a few countries. in the past charge.com has refused applications from the following countries:

Pakistan, Bangladesh, Oman, Iran, Afghanistan, China, Japan and various other asian countries. And for you...

suppose you have 30 $500 transactions.. then:


500 - .50 = 499.50
499.50 - 3.5% = 482

Less 6.5%, now since 6.5% of 482 is > 3$ therefore

482 - 3= 479$


From each $500 transaction you will get $479
That gives us $21 (nearly all of which goes to processing fees)

Now suppose you process 30 $500 transactions the amount deducted from a total of 500*30 ($15000) is $630.


Unlike zStarNetwork who would take: $1500

so there you see.

Ne more questions then you can talk to me on msn or email.

Originally posted by ^Kyo
Pakistan, Bangladesh, Oman, Iran, Afghanistan, China, Japan and various other asian countries. And for you...


irrelevant for me ... and for most people here too ...


suppose you have 30 $500 transactions.. then:


Can you please read my scnearios carefully. I said, $500 in 30 transcations ($17 each transaction). If your target market is webhosting companies (and small one, since they may not be able to afford merchant accounts as you said), then ... as I said ... most of them will probably have average around $10 per transaction (and perharps even less).


Unlike zStarNetwork who would take: $1500


Again, irrelevant for me, I don't use them ... Besides, you want to compare with charge.com don't you? how about echo-inc.com? What benefit can your service give us compare to charge.com, echo-inc.com, revecom.com ... etc? I want to know that (not with instabill.com since I don't use them). Nothing personal, I still think charge.com (and evenmore, echo-inc.com) would be a better solution for me ...


I just checked your IP ... you are in Pakistan? I am just wonderring, would the fact that you are not US-based give any affect to us? Like... how do we deal with taxes, chargebacks, fraud protection, etc? How much would it cost you to transfer money overseas? Some other things that we need to know ....


cheers,
:beer:

Firstly let me clear up a misunderstanding you seem to have acquired. WE ARE NOT A MERCHANT SERVICE! WE ARE NOT COMPETEING WITH CAHRGE.COM, our competitors are ccnow, ccbill, billcc, zStar, paysystems etc. If charge.com can give you a better deal then PLEASE STICK WITH THEM! And $500 for 30 transactions thats like 16.6 dollars per transaction we would deduct


16.6 - .5 - 16.1
16.1 - 3.5% = 15.5
15.5 - 6.5% = 14.50

from 16.6 you'll get 14.50 dollars. That means from a total of $500 ... $(2.2 * 30) = 66$

500 - 66 = 434

we automatically deduct 66 $ from your $500 and you get paid.

Does this clear you up??

All you pay at the end of the month will be $15.


Any more questions?

Originally posted by ^Kyo
Heres the pricing structure


a month fee or $15 or $30 (depending on the shopping cart you purchase)


.50 cents per transaction + 3.5%


Less 6.5% for our own operation costs. HOWEVER this 6.5% will never execeed $3.




This is according to my calculations..

30 transactions ($500 total)

$500/30 = $16.5/transaction

3.5% of $16.5 = $0.6 fee
6.5% of $16.5 = $1.1 creditcard fee
and the $0.5 per transaction

total: $2.1/transaction

30 x $2.1 = $63/month for 30 transactions
$63 + $15 = $78/month for option 1
$63 + $30 = $93/month for option 2


60 transactions ($1,000 total)

$1000/60 = $16.5/transaction

3.5% of $16.5 = $0.6 fee
6.5% of $16.5 = $1.1 creditcard fee
and the $0.5 per transaction

total: $2.1/transaction

60 x $2.1 = $126/month for 30 transactions
$126 + $15 = $141/month for option 1
$126 + $30 = $156/month for option 2


Correct me if I have calculated wrong, this is what I understood from your prices.

by the way charge.com is a worldpay site. NOT an authorize.net site. See their international signup status bar. it loads a page off secure.worldpay.com

nope you're pretty much rite. I mean the pricing is simple.


3.5% + .5$ = transaction processing fee
And 6.5% = our own commission
The same 6.5 will NEVER exceed $3

By the way incase you people are wondering whether you can use this service in the "real world" the answer is no. This service is for internet transactions only. Unlike other services we dont do credit checks. You apply today and you're setup today. Provided that you dont sell adult/illegal goods. Tho ill do a check about adult goods.

^Kyo do you like Coca-Cola or are you Pepsi fan?


does his topic really fits into hosting discussion?

Originally posted by ^Kyo
by the way charge.com is a worldpay site. NOT an authorize.net site. See their international signup status bar. it loads a page off secure.worldpay.com

Charge.com has relation with worldpay.com ... yes ... but both of them uses authorize.net as their gateway processor. I log in to authorize.net to setup my account ... so I definitely know they use authorize.net.
No question here ... Probably you should call them (As I did before I sign up) which gateway processory they use ...

cheers,
:beer:

Originally posted by ^Kyo
By the way does Charge.com offer 24/7 fraud screening?What exactly is your point saying "24/7"? If a company offers fraud screening they do it 24/7...there would be no point otherwise...:confused:

Yes I am in Pakistan. ANd by 24/7 i mean that we MONITOR every transaction 24 hours a day.Our transactions are monitored so that we can avoid fraud. And we also plan on charging a chargeback fee. Though with our fraud prevention screen chargebacks will be reduced.

Originally posted by ^Kyo
Yes I am in Pakistan. ANd by 24/7 i mean that we MONITOR every transaction 24 hours a day.As opposed to the companies who do it half the day? My point is that if you offer that type of service you do it 24/7 - that's implied.
And we also plan on charging a chargeback fee.Which you didn't disclose earlier. Are you coming up with this as we go along?

Originally posted by ^Kyo
Yes I am in Pakistan.This is great but they already knew that - they asked a question and you avoided it again.

I forgot to mention we PLAN on becomming an authorizenet reseller. SO there will be two plans you can choose from, either a) my company acts as a merchant for your product(s), or b) you get an authorizenet account.

Originally posted by ^Kyo
ANd by 24/7 i mean that we MONITOR every transaction 24 hours a day.
That would be pretty funny if you only monitored them from 8-5, all other times illegal credit cards are allowed!! :D

Originally posted by Dogma

That would be pretty funny if you only monitored them from 8-5, all other times illegal credit cards are allowed!! :D


hahaha funny. Lol i guess i "overstated" that bit. Btw tell me, a free domain along with each commerce package... a good idea?

well you do accept of A LOT of different CC, why not illegal ones?!?! :confused:

:laugh: :laugh: :laugh: :laugh:

I don't think comparing this to charge.com or any other full merchant account provider is exactly correct. In the short run, even instabill blows away the fees you are charged by having a full merchant account, but that is due to volume only. What the volume hits a certain level, monthly fees are more or less inconsequential, and the only thing that will make a difference is the percentage rate and per transaction fees.

You have stated that the fees are:

3.5% + $0.50 per transaction, plus 6.5%, but that the 6.5% will never exceed $3.00, correct?

If so, then the following applies:

Charges up to approx. $46.15 Fees: 10% + $0.50 per transaction.
Charges above $46.15 Fees: 3.5% + $3.50 per transaction.
Plus either $15.00 or $30.00/mo depending on the plan chosen.

I might not be taking out the $0.50 at the right time, so the numbers might be a bit off, but I'm close. If you wre to subtract the $0.50 transaction fee, *then* figure in the 6.5% fee, you might be able to squeeze above the $46.15 line. But as I said, it is close...

but still dont u think my prices r better than other ppl like zstar ot billcc or ccbill or ccnow. i wudnt charge 6.5% if i didnt have to pay my accountants lol :)