OK, I'm starting a new topic about this because I'm keen to see what sort of votes the companies get.

I asked on the helpdesk what happened to the previous one and reply told me it got pulled due to forum guidelines not being followed - users were using it for promotional reasons. And I hope I understood correctly that I can start a new one.

So what's the best 3rd party credit card processor in January/February 2005?

I set it for 28 days from 01 February 2005 and have allowed multiple selections (not sure if that's a good idea but we'll see). List taken from this topic... (http://www.webhostingtalk.com/showthread.php?&threadid=364232&perpage=15&pagenumber=4)(1) 2CO
(2) Ccavenue
(3) CCbill
(4) Ccnow
(5) Clickbank
(6) Digibuy
(7) Graphcard
(8) Ikobo
(9) Moneybookers
(10) Multicards
(11) Paypal
(12) Share-It
(13) Stormpay
(14) Worldpay
(15) YowCow

Thanks gazebo,

Glad to see you open this poll. :clap:

Let's see who is the King of 3rd Party Processors for Jan & Feb of 2005..!! :D

Well, I just hope that people don't vote randomly. :)

Originally posted by S-Comm
Well, I just hope that people don't vote randomly. :)

Yes, hopefully we can get an accurate result. :)
Did you vote? S-Comm..:cool:

Already for 2CO. And I predict that It will take most votes here.

Uh..ha..here you go, S-Comm :cool:

In fact, I am not CCnow user, but I voted CCnow, I think they deserve it.. :emlaugh:

So, S-Comm, in your opinion, who do you think will be the top 5?
Just take a guess..! :roll2:

2CO, PayPal, WorldPay, Clickbank, MoneyBookers

My guess is:

(1) Paypal
(2) 2CO
(3) Worldpay
(4) Moneybookers
(5) Ccnow

2CO is doing well so far! ;)

Nobody vote for iKobo??? Are u serious?

Seriously. :)
I think iKobo will get a few votes only here.

vote for 2co here.

Seems like free merchant accounts have the lower chances there.

Have been using 2checkout for over 2 years now little problems what so ever. At the moment I am moving Irish customers to a Euro processor nightmares, Worldpay have a 8 week hold policy and local processors want go with any billing systems.

We need paysystems back or a 2co euro type operator :(

Tom, you care to share your problems with 2CO?

Based on recent clicks on the Maculator and Merchant Goldmine web sites the popularity of 3rd Party Processors is ranked as follows:

749 2CO
669 iKobo
653 PayPal
491 StormPay
469 MyPaySystems
446 ProPay
333 ClickBank
310 ImaginaNation
262 MultiCards
240 WorldPay
227 Verotel
136 eCommerceGlobal
81 Volpay
73 Moneybookers

There are also a number of specialized software registration processors that get additional clicks. The number of clicks may be related to the description on these websites that invites clicks.

Originally posted by S-Comm
Tom, you care to share your problems with 2CO?

Hey S-Comm

We cant recure bill in euro, we can one time bill but not recure.

Good luck with your new payment processor. :)

Originally posted by S-Comm
Good luck with your new payment processor. :)

www.realex.ie is the new one, it is a gateway which plugs into our merchant account that is part of our business bank account. Its a tricky one to setup however I am sure it will be good when its going.

Where did Gazebo go?

Anyway, I'm now thinking of adding Amazon.com to my database of over 40 3rd party processors since they invite just about anyone to sell their products on Amazon.com for rates as follows:

Commission rates are as follows:

Computers = 6 percent
Camera & Photo, Cell Phones & Service, and Electronics items = 8 percent
Office Products and Items in the Everything Else Store = 10 percent
Musical Instruments = 12 percent
All other product lines = 15 percent

In addition, Amazon.com charges 99 cents per transaction.

Is Amazon.com the new 3rd party processor on the block?

As long as they act as a party that delivers a product from the seller to the buyer, It has to be considered a third-party.

That won't go so far, these are only tangible items. So it doesn't serve electronic services.

why was propay not included in the poll???

I use them and Paypal, I prefer ProPay but.....

propay is great,

WorldPay got my vote but only becuase they just dropped by retention period to three weeks from 4! :D

The top 3 are as we expected. ;)

P.S. Just until now.

vote for Paypal here.

I think Paypay is still dominating among all 3rd party credit card processors.

I think Paypay is still dominating among all 3rd party credit card processors.

That's because merchants in U.S. have a larger base than it's in other countries. :)

Both Paypal and 2CO are US based companies. :emlaugh:

Then again, 2CO accepts merchants from almost everywhere, Unlike Pay pal. :)

Vote for 2CO here :)

Originally posted by S-Comm
Then again, 2CO accepts merchants from almost everywhere, Unlike Pay pal. :)

and has a TERRIBLE payout time and a TERRIBLE fees and TERIBLLE seller protection so......


atleast with paypal you get **some** seller protection, and lower fees and you get your money faster....


I prefer ProPay because you get you money in 3 days and it has pretty good protections. plsu you dont need to send the client to them, you can process offline cards just like a real merchant account (great for my local clients)

the_ancient, forgive me but I have to tell you that relying on a 3rd party is no guarantee you'll avoid chargebacks. Regardless of what 3rd party you're using.

TERRIBLE payout time 2x times a month isn't terrible payout.

TERRIBLE fees please share cheaper, worldwide supported parties?

TERIBLLE seller protection What's a seller protection from your point of view?

We'd like to know at least, the reasons which you base these complains on.

Originally posted by S-Comm
the_ancient, forgive me but I have to tell you that relying on a 3rd party is no guarantee you'll avoid chargebacks. Regardless of what 3rd party you're using.

2x times a month isn't terrible payout.

please share cheaper, worldwide supported parties?

What's a seller protection from your point of view?

We'd like to know at least, the reasons which you base these complains on.

2x a month is to me. 5days max IMO for credit card charges. 2-4 preferablly

I dont care about Worldwide parties, I operate 100% in the united states with 80% of my Business comming from 100mi radius of my location so international support is of no concern to me. but I pay 3-3.5% of process a card, not 5%.....

as far as seller protection

https://www.paypal.com/cgi-bin/webscr?cmd=xpt/bizui/BusinessSecurity-outside


the 2 main things that will prevent me from going with 2CO is the Time to Payout, and the Fee though, not the Fruad. I dont have much of that anymore since I deal with my Clients 1on1 and dont do too many "out of site" sales anymore.

Pay pal is better for you because your business is based in U.S. but when I rate a business party, I will rate it from a worldwide point of view, with all respect to your own opinion. There are so many International businesses, which are alive and existing.

Then I see that you use Pay pal and I don't see the point of complaining about 2CO really, unless you've tried 2CO and something happened takes you away, again these fees are stated in their faqs, and payout times. so you have got to think before signing up with a 3rd party.

Good luck. :)

Originally posted by S-Comm
Pay pal is better for you because your business is based in U.S. but when I rate a business party, I will rate it from a worldwide point of view, with all respect to your own opinion. There are so many International businesses, which are alive and existing.

Then I see that you use Pay pal and I don't see the point of complaining about 2CO really, unless you've tried 2CO and something happened takes you away, again these fees are stated in their faqs, and payout times. so you have got to think before signing up with a 3rd party.

Good luck. :)

I rate business on how there services meet my needs, this is somthing you should also do...

who cares how many contries they operate in? all the matters is if they opperate in your contry.

and I am fully aware of International Business's, and good for them, but like I said their needs dont concern me, this thread I thought was about posting how you feel about XX processor, not about the globalization of processors, or the lack there of.

as far as not seeing the point? the whole POINT of the thread is to get peoples opinions Postitive and negitive, that is the POINT

Making a positive or a negative post has a way also. If you don't like 2CO, you can say that simply -- but not to say they're just a bunch of terrible things, payout times, fees, as you've mentioned. The way you posted your complain, let me feel like you weren't aware of their fees or policies before trying (or signing up with) them.

Anyway, this is an opinion, and I do repsect yours!

2CO and PayPal are both tops for different reasons. Low rates for domestic accounts go to PayPal. International trade goes to 2CO.

There are over 40 3PP alternatives, with many special values and specialties. Don't get hung up on the top two or three!

Diversity and competition is good...

Originally posted by Tom O'Connor
Hey S-Comm

We cant recure bill in euro, we can one time bill but not recure.

If you move to a 2CO V2 account you can bill recurring orders in Euros.

Please submit a ticket requesting this move, to be put on a priority list.

Looks like iKobo is running neck to neck with 2CO and PayPal in traffic on the Maculator.

Is iKobo stepping on someone's toes?

Weird, they have no single vote in the poll!

3rd Party Processors on Maculator
Based on recent clicks on the Maculator and Merchant Goldmine web sites the popularity of 3rd Party Processors is ranked as follows:

749 2CO
669 iKobo
653 PayPal
491 StormPay
469 MyPaySystems
446 ProPay
333 ClickBank
310 ImaginaNation
262 MultiCards
240 WorldPay
227 Verotel
136 eCommerceGlobal
81 Volpay
73 Moneybookers

We probably have a wider audience, not just techies. 2CO is still on top.

Great reference.

Originally posted by raycruzer
3rd Party Processors on Maculator
Based on recent clicks on the Maculator and Merchant Goldmine web sites the popularity of 3rd Party Processors is ranked as follows:

749 2CO
669 iKobo
653 PayPal
491 StormPay
469 MyPaySystems
446 ProPay
333 ClickBank
310 ImaginaNation
262 MultiCards
240 WorldPay
227 Verotel
136 eCommerceGlobal
81 Volpay
73 Moneybookers



These numbers are definitely not updated..!!
Especially MyPaySystems ---> :crazy: ?

Originally posted by raycruzer
2CO and PayPal are both tops for different reasons. Low rates for domestic accounts go to PayPal. International trade goes to 2CO.

There are over 40 3PP alternatives, with many special values and specialties. Don't get hung up on the top two or three!

Diversity and competition is good...

Yes, but any other like 2CO and Ikobo?

There are some with limitations.

ikobo and stormpay do not look good at all?

Probably they're not WHTalized... :D

Hi

Anyone likes to vote...:emlaugh:

So the poll now is 3r Party P on one side and the merchant account on the other. On merchant accounts who is winning?

This poll is for 3rd party processors only. I think it's dead already, no new votes in last few days. I doubt the results as well.

Originally posted by cavalry
These numbers are definitely not updated..!!
Especially MyPaySystems ---> :crazy: ?

These are recent statistics from the Maculator / Merchant Goldmine clicks over the past few months. These are not votes, only clicks from people who calculate and compare their processing rates or who simply want more information. We store most of the click information because we like to know the interests of our visitors. Some of the links are also referral links for affiliates, so we also want to keep our affiliates honest.

On the table I posted above, I left out only the merchant accounts that are also listed and a few software registration specialists. In the near future, we will provide similar click reports on the Maculator website for our visitors, including merchant accounts vs. 3PP clicks. This will probably be an interactive report that will be updated every month.

The information provided in this forum will serve as guidance for the design of this report. For example, we will probably want to show monthly trends for clicks for MyPaySystems, and others of interest.

It's interesting to see how the gateway processors are becoming more popular. We started our business with a real live merchant account a long time ago where we collect the CC info and process it real time. We recently added PayPal support and it probably comprises half of the new business. I was actually surprised by the numbers. I thought people would be adverse to buying on one site and paying on another. Go figure.

Originally posted by gator
It's interesting to see how the gateway processors are becoming more popular. We started our business with a real live merchant account a long time ago where we collect the CC info and process it real time. We recently added PayPal support and it probably comprises half of the new business. I was actually surprised by the numbers. I thought people would be adverse to buying on one site and paying on another. Go figure.

I have heard similar reports from others, as well. When given a choice, 30% - 50% of your customers will use their PayPal accounts to make a purchase, instead of a merchant account.

This could be that some of these customers already have a PayPal account and feel comfortable about the protection provided to buyers using PayPal. PayPal customers know that the merchant doesn't get to see their merchant account number, which may make the customer feel more secure.

Somebody should do an objective survey of PayPal buyers to find out whether they prefer PayPal over a merchant account and why?

Nobody votes for ikobo..? Unbelievable...!!

Well, the problem with Ikobo is the credit card limitation. They are only accepting VISA.

Originally posted by megagente
Well, the problem with Ikobo is the credit card limitation. They are only accepting VISA.

I am afraid not only this reason....:bawling:

I checked the website and noticed that they removed all MC logos, real issue there.

Hi,

Yes. For ikobo, I do not think they are serious about doing business and too protective. I have to withdraw my comments on some of my previous postings about iKobo.

I registered with iKobo and after a few emails with the person in charge, I decided not to use iKobo.

Maybe iKobo charge too low to give quality service. No clear info on how they draw lines between a good merchant and a bad merchant. Specially, I do not like the deal with us first and see how things go attitude.:eek:

The verification process of your clients is hassle. When it's blocked and your clients must fax their identity pictures. OMG, not every client will like this.

Originally posted by S-Comm
I checked the website and noticed that they removed all MC logos, real issue there.

ikobo removed Master card logo quite sometime ago - about 2 months ago. :bawling:

Originally posted by S-Comm
The verification process of your clients is hassle. When it's blocked and your clients must fax their identity pictures. OMG, not every client will like this.

YowCow's verification process is even more hassles, every single new buyer needs to fax their documents and signatures....:eek:

May a customer with iKobo tell us If they block their buyers purchases on random basic or every new client is blocked until he fax these documents?

Is that an automated habit? or due to some verification mismatch?

Originally posted by S-Comm
May a customer with iKobo tell us If they block their buyers purchases on random basic or every new client is blocked until he fax these documents?

Is that an automated habit? or due to some verification mismatch?

I think ikobo has stopped doing this verification process about less than 2 months ago since they received a lot of complaints about this issue; but I think they do it if they are suspicious the buyers.

ikobo does not provide any transactions' warning flags feature for the merchants prior deliver the products; therefore, we would not know exactly how many "suspicious" orders have been blocked by ikobo? :eek:

Not sure. So you mean, they don't block first-comers anymore?

Their fees seem promising though.

Originally posted by S-Comm
Not sure. So you mean, they don't block first-comers anymore?

Their fees seem promising though.

No, ikobo does not block new buyers anymore.
I have new customers lately, so far no problems.

They have a low fee, but we need to pay USD 0.99 monthly
fee to maintain the iKard.

Maintain the card? Ah...Those seem to be virtual charges.

Originally posted by S-Comm
Maintain the card? Ah...Those seem to be virtual charges.

But can withdrawl money instantly from ATM machines just
down the street. We can forget about the hassles of wire
tranfer and check payments..

Anyway, there are pros and cons, just nothing is perfect. :o

Do you mind listing the cons? :)

Originally posted by S-Comm
Do you mind listing the cons? :)

The major cons based on my personal opinions are:
(1) Only processing Visa card
(2) Web site up and down
(3) Lack of knowledge in this industry

I imagine if ikobo can equip with ccnow support systems,
then ikobo will rock..!! :banana:

Great review, thank you! :)

No problem...anytime.. :beer:

No vote for YowCow..? :bawling:

Hi cavalry

Since you are using iKobo, may I know the percentage that iKobo withhold your money? How long it takes to get the remaining?

Also, what is the frequency of charge back? If you do have charge back, how iKobo reacts to it?

Welcome others to voice their experience.

Thank you.

Originally posted by Optic Clear
Hi cavalry

Since you are using iKobo, may I know the percentage that iKobo withhold your money? How long it takes to get the remaining?


No, ikobo does not hold my money at all, "nada"..
Usually I can withdraw full amount of money (after deduct ikobo's processing fees) from ATM machine with ikobo ikard within 48 or 36 hours. :emlaugh:

For example, after a customer place order from my web site,
usually this money will be available within 24 to 36 hours
in my ikobo account, and I need to transfer this money from my ikobo account into my ikobo ikard, then I can use this ikard to withdraw money from ATM machine right away.

And sometimes, the money is already available in my ikobo account before I manage to ship the merchandise to my customer, which usually I ship my merchandise in 24 hours.

Think about this, ikobo is taking risk! what I was a bad guy? What if I was not going to ship the merchandise to the buyers, and run away with the money? :eek:

So, I really cannot blame ikobo has to be very protective in running their business. :cool:

Originally posted by Optic Clear

Also, what is the frequency of charge back? If you do have charge back, how iKobo reacts to it?

Welcome others to voice their experience.

Thank you.

No, so far I do not have any chargebacks with ikobo.
One of the reasons is perhaps I have a relatively small sales volume. ;)

But I do have two problems with ikobo that real pissed
me off! (1) blocked my cutomer from buying for no reason.
(2) did a wrong refund to my bad customer by their mistake. :angry:

At last, I am just sharing my experience, no prejudice, nor defending ikobo at all. :emlaugh:

Hope this helps! :cool:

Uh-ah...finally we got one vote for ikobo..!!! :clap:

But still no vote for YowCow yet..? :bawling:

I hope everyone realises that though this poll may give some very rough indication of a processor's reliability, it is EXTREMELY biased towards the big guys.
Assume that, 2co and paypal each have 1000 clients and that only 10% are happy enough to say they are the best. They still get 100 votes each, while a smaller company, like whoever, which has, say, only 50 clients and even 90% are satisfied enough to cll them number 1, they will STILL get only 45 votes and appear lower on the list.
I am probably explaining something which everyone knew anyway, but since this has not been made explicitly clear, thought I'd post

I hope everyone realises that though this poll may give some very rough indication of a processor's reliability, it is EXTREMELY biased towards the big guys.
Assume that, 2co and paypal each have 1000 clients and that only 10% are happy enough to say they are the best. They still get 100 votes each, while a smaller company, like whoever, which has, say, only 50 clients and even 90% are satisfied enough to cll them number 1, they will STILL get only 45 votes and appear lower on the list.
I am probably explaining something which everyone knew anyway, but since this has not been made explicitly clear, thought I'd post


That is a very old thread, maybe there should be a new POLL with the theme which of this companies are still in the business :)

Paypal, Moneybookers, StormPay and iKobo are NOT 3rd party processing companies.
Then again, according to their own terminology, CCNow and 2CheckOut are online retail companies that resell products.

Of course, we know better than that...

Anyway, the discussion should be who is the best 3rd party processing company, not who has the best online payment system.
There is lots of terminology in this industry that easily confuses people.

Multicards sucks, 1 of my client just told me he received an Chargeback for $600 worth of products. He got the guy's signature on & tracking confirmation from the shipping company and he provided the information to Multicards but they said they can not fight for him. Once a CB is received then it is the merchant' loss they said. can he do anything about this ? lol