Modernbill has partnered up with BluePay and offered an amazing deal!

The no-monthly minimum:

Setup Fee: $49.00
Annual Fee: FREE
Qualified and MidQualified Discount Rate: 4.95%
Non-Qualified Rate: 4.95%
Transaction Fee: $0.40
Monthly Minimum Transactional Costs: NONE
Statement Fee: NONE
Gateway Fee: NONE

I wonder how the other 3rd party payment processors will deal with this? I for one am jumping onto this new plan.

More info here: https://www.modernauthorize.com/usbp/pricing.php

That sounds preety good, but i think i'm gonna wait until i hear some reviews. :P

Originally posted by ticky
Modernbill has partnered up with BluePay and offered an amazing deal!

The no-monthly minimum:

Setup Fee: $49.00
Annual Fee: FREE
Qualified and MidQualified Discount Rate: 4.95%
Non-Qualified Rate: 4.95%
Transaction Fee: $0.40
Monthly Minimum Transactional Costs: NONE
Statement Fee: NONE
Gateway Fee: NONE

I wonder how the other 3rd party payment processors will deal with this? I for one am jumping onto this new plan.

More info here: https://www.modernauthorize.com/usbp/pricing.php


Im sorry, but where is the Amazing Deal :confused:

I don't get it...:eek:

Those rates are for US-based, I believe. Not for outside US.

Is that for a full-merchant? or just 3pp?

Thanks. :)

Originally posted by BleedingGum
Those rates are for US-based, I believe. Not for outside US.

Is that for a full-merchant? or just 3pp?

Thanks. :)

I think it is for a full merchant account.

IF it really is, then it is an amazing deal for all those people forced to use 3PP because they can't afford a full merchant account.

But then and again, I'm basing all this on the assumption that this is a full merchant account.

Originally posted by trinitron
Im sorry, but where is the Amazing Deal :confused:

I don't get it...:eek:

I think the "amazing" deal (for some) is the fact that there are no monthly fees. So basically, IF this is a true merchant account, people are paying slightly less than 2Checkout, for all the services of a full merchant account.

Originally posted by ticky
I think it is for a full merchant account.

IF it really is, then it is an amazing deal for all those people forced to use 3PP because they can't afford a full merchant account.

But then and again, I'm basing all this on the assumption that this is a full merchant account.

If that's true, then it is more than amazing. But when checked the link for Canadian, it is still PSIGate old-plan fees there. I do not get it. I do not think this is a true-merchant account though. Maybe just for the US-based company only. Or maybe the miss-typed it?

I hope I am wrong, but I just do not see this clearly. :)

this is not 3paty merchant service but Merchant Account. That's why rates looks to low. In fact they are not at all. Most merchant providers have even lower rates than 4.95%.

Best Regards
Dimitar

Sorry I didn't get it, as already mentioned by fcolor, this is not an amazing deal !

There are others that don't charge for a monthly fee and a setup fee and still provide you with a full qualified merchant account with own descriptor etc.

and that for less then 4,95%.

Originally posted by VanHost
I think the "amazing" deal (for some) is the fact that there are no monthly fees. So basically, IF this is a true merchant account, people are paying slightly less than 2Checkout, for all the services of a full merchant account. As quoted above by VanHost. I believe we all here are assuming that those deals are for a full-merchant account.

The deal is here:

Monthly Minimum Transactional Costs: NONE
Statement Fee: NONE
Gateway Fee: NONE

Since my merchant account with InternetSecure has monthly fee, I see the above rates are "good" for a full-merchant. Yes I agree that 4.95% is higher than others though.

If you have information on a full merchant that has kind of rates, please share with us and we will be so happy. :beer:

Thanks. :)

Blue Pay is very good. I've setup several accounts for several customers of mine and I can recommend them.

Unfortunately, this offer is available for U.S only :(

In the sign up form:

Currently, we are only accepting merchant accounts whose corporate offices are located within the United States of America.

BleedingGum wrote:

If that's true, then it is more than amazing. But when checked the link for Canadian, it is still PSIGate old-plan fees there. I do not get it. I do not think this is a true-merchant account though. Maybe just for the US-based company only. Or maybe the miss-typed it?


Just thought I might clear up a little confusion. ModernAuthorize is now offering Bluepay accounts for US merchants only. Modernauthorize has attempted to get local offers for each country and they vary greatly based on locality. Our Canadian Customers are still being offered the PSIGate offer and it is still the best one we can find for Canadians.

BTW, I also wanted to clear up the perception that this is the only US offer we have. The offer quoted here is not the only US offer we have from BluePay. It is just one of two. To prevent being accused of promoting I won't quote the other offer. Suffice it to say the offers have different target markets. The low minimum plan is for startups with low volume (the plan quoted here) and the other is for high volume folks who need low rates.

And for those who were wondering, these are true merchant accounts, NOT a third-party processor.

Jon

Jon, :)

Thanks for clearing it up. It's a very good offer though. :)

As with anything else, I think it all comes down to where the merchant is based, their anticipated volume & growth and the level of service that they require in order to determine which solution is the best fit.

Merchant accounts without a monthly cost (but a higher % rate) have been around for awhile - i.e. PayQuake, ProPay and so forth... and they can certainly be a good fit for merchants who do not anticipate steady or growing volume and/or are maybe testing the waters a bit initially.

On the flip side, merchants who have active processing or who are focused on growth will definitely want to opt for programs that provide a lower overall cost on the transaction level... by getting a low qualified rate or by signing up with a processor who downgrades only a minimum amount of transactions.

As with any solution you look at, it is also important to evaluate what value-adds are included such as fraud scrubbing & prevention technology, the depth of any online reporting that is included and the specifics of the contract length, terms, minimums and everything else that is commonly discussed in the forums.

I called up and spoke to the BluePay folks and I asked them about all of their merchant plans. If you are starting out in the business and you don't even have a handfull of accounts to process each month, then their entry level plan with a one time fee of 49.99 is perfect for you. With other real merchant accounts, even if you have no transactions to process in a month, you still have to pay gateway fees and statement fees and if you are lucky, you won't have a 25.00 monthly minimum. With BVluePay, If you have no transactions then you have no monthly payment. Yes they have a higher transaction fee but as your business grows to about the breakeven point of a standard merchant account which is between 1000-1200 dollars in transactions per month, they will switch you over to the high volume account seamlessly and you will start paying the average merchant transaction fees etc.

Not to mention, this is a real merchant account and will show your company name on your clients statements as well as deposit your funds in your bank account everyday.

I think this industry needed a more solid entry level merchant account option for startup companies as opposed to paypal or 2checkout and the others that make you jump through hoops with crazy rules. I think you are going to see and hear big things from them as they are setting a new trend here in which alot of other merchant providers will soon follow.

These are my own personal views and I am taking nothing away from the other great providers out there like cdgcommerce as I think they are one of the best providers out their but this is a very nice thing to offer my clients as well because of the nice reseller plan that Bluepay has.

Anyways, I think Modernbill teamed up with a winner here and it is nice to see Modernbill try and bring more var offerings to the table.

Originally posted by trinitron
Im sorry, but where is the Amazing Deal :confused:

I don't get it...:eek:

It's a fairly decent fee percentage, and is probably going to be extremely easy to incorporate with ModernBill.

IncognitoNetworks said
It's a fairly decent fee percentage, and is probably going to be extremely easy to incorporate with ModernBill.

This is correct. In Modernbill, all you have to do is enable it under the gateway modules.:)

do they accept international merchants ?

do they accept international merchants ?

If you go to http://modernauthorize.com it will answer all of your questions about Bluepay.:)

Originally posted by wcws
If you go to http://modernauthorize.com it will answer all of your questions about Bluepay.:)

I see, sorry if this question is stupid, but what does that mean :

Which of the following cards, that you
can accept, would you like the Protx
screen to display?


Is Bluepay reselling for Protx ? and what is the Protx screen ? a shared payment form...?

Trinitron,

Their is no stupid question in my book. I do not work for Bluepay or Modernbill. I am only providing some good information for this community. I do not have all the answers like what countries and rates for different countries etc. I can only backup the things that I posted here because this is the info I recieved from Bluepay directly. I posted the link above to give folks a place to read more about the offering.

So as far as all of your other questions as far as Protx and reselling etc. I would suggest that maybe contact Bluepay directly to get the additional info that you need.

Originally posted by trinitron:
I see, sorry if this question is stupid, but what does that mean :

Which of the following cards, that you
can accept, would you like the Protx
screen to display?


Is Bluepay reselling for Protx ? and what is the Protx screen ? a shared payment form...?

Trinitron,

ModernGigabyte, LLC is a provider of all sorts of solutions for the webhosting industry to compliment its ModernBill billing solution. With ModernAuthorize, we are attempting to seek out the best merchant account offers in the industry for as many localities as possible.

For our US customers, we offer BluePay.

For our UK customers, we offer ProTX.

For our Canadian customers, we offer PSIGate.

Other options we are looking at include Eway (Australia), Pago (Europe), and the Bank of Butterfield (International).

As banking regulations and fee structures are very localized, we attempt to find the best offer for each.

Hope that clears up the relationships between the companies.

Originally posted by BillingIsFun
Trinitron,

ModernGigabyte, LLC is a provider of all sorts of solutions for the webhosting industry to compliment its ModernBill billing solution. With ModernAuthorize, we are attempting to seek out the best merchant account offers in the industry for as many localities as possible.

For our US customers, we offer BluePay.

For our UK customers, we offer ProTX.

For our Canadian customers, we offer PSIGate.

Other options we are looking at include Eway (Australia), Pago (Europe), and the Bank of Butterfield (International).

As banking regulations and fee structures are very localized, we attempt to find the best offer for each.

Hope that clears up the relationships between the companies.

Thanks, thats made it clear ;)

Originally posted by BillingIsFun
Trinitron,



Other options we are looking at include Eway (Australia), Pago (Europe), and the Bank of Butterfield (International).



BillingIsFun,

May I have the URL of Butterfield?
Thanks! :)

Originally posted by ticky
Modernbill has partnered up with BluePay and offered an amazing deal!

The no-monthly minimum:

Setup Fee: $49.00
Annual Fee: FREE
Qualified and MidQualified Discount Rate: 4.95%
Non-Qualified Rate: 4.95%
Transaction Fee: $0.40
Monthly Minimum Transactional Costs: NONE
Statement Fee: NONE
Gateway Fee: NONE

I wonder how the other 3rd party payment processors will deal with this? I for one am jumping onto this new plan.

More info here: https://www.modernauthorize.com/usbp/pricing.php

As I read this hole thread, it is comming more and more to be misleading.

Now it wents out that, Bluepay are not the Processing they are just reseller's/partner's with Protx and look for partnering with other huge Acquires.

There fees are more like all others if you investigate the different processors pricing and the business they do is also just like every one else.

Sorry but the AMAZING BANG in this industry is not born yet....:emlaugh:

trinitron,

I think you are reading to much into this. The bottom line is, it doesn't matter if Bluepay is the processor or if they are getting their merchant accounts from Santa Claus. You have to look at the offer for what it is.

A chance for a new startup to have a real merchant account without all the monthly fees. Nothing more and nothing less. You can't compare them to 2checkout or any other 3rd party merchant because they are not 3rd party but a real merchant account.

I really can't figure out what point you are trying to make here?:emlaugh:

I really can't figure out what point you are trying to make here?

My point is that as usual, someone made a thread, with a headline that should bring some kind of PSP to be a revolution.

And then as everything is pointet out, it comes to the fact, there is nothing new here, just another PSP.

I know that they aren't a 3PP and I never compared them with this industry.

However, this is just my point of view ;)

I think Trinitron is just trying point out something which he feels like make or does not make sense here based on his best knowledge in this industry.

Trinitron has been helping us a lot in credit card processors issues. Please take his comments in a constructive way!

Ok, I get where you are coming from now. Thanks for making it more clear.:)

Originally posted by wcws
Ok, I get where you are coming from now. Thanks for making it more clear.:)

:confused:

As I read this hole thread, it is comming more and more to be misleading.

Now it wents out that, Bluepay are not the Processing they are just reseller's/partner's with Protx and look for partnering with other huge Acquires.

There fees are more like all others if you investigate the different processors pricing and the business they do is also just like every one else.

Sorry but the AMAZING BANG in this industry is not born yet....


First thing I want to point out is that this thread was entirely unsolicited, but we are happy that someone recoginized the uniqueness of what we are trying to offer.

The thread starter is entirely accurate. The offer we are making for our no minimums plan is fairly unique for the hosting industry. It is true that is an offer through our partner BluePay for our US customers only. It is designed to be a great offer for customers who might otherwise be considering a third-party gateway like 2checkout, WorldPay or Paypal. It has no monthly minimums or fees so that if no processing is done, no fees accrue.

Second, your statement's characterizing our offer are false. Reiterating an earlier post, Moderngigabyte has several areas of business. We offer billing solutions (ModernBill), domain registration accounts (ModernDNS), fraud prevention tools (Fraudguardian), SSL Certificates (SSLFactory) and merchant accounts (ModernAuthorize). In each area we either have developed unique technology and/or have partnered with industry leaders to get the best deals put together for our customers.

For Merchant accounts we must get one for each locality where our customers are as the banking regulations are very specific for each. This means that our customers will only have one offer that applies to them depending on where they are from. You indicated that BluePay was in some way related to Protx. They are not. ModernGigabyte is the partner to Protx. Second, you indicate that the offer is not great because we are not the processor. This is not true. Because ModernGigabyte has well over 7,000 customers using ModernBill, we are in a position to negotiate a better deal for our customers than they can negotiate for themselves. We do this as a service for our customers. As we find better deals, we make them available to our customers. Point of fact is our BluePay offer. We have previously offer another deal to our customer that was the best thing that was available until we negotiated the current deal which we only began offering on March 1.

Finally, I note your signature states that you are an EU Merchant account and gateway provider. We have a great many European customers who are interested in a true merchant account to use in conjunction with our ModernBill product. We would be more than happy to discuss any such offerings you have that would apply to these customers.

Second, your statement's characterizing our offer are false. Reiterating an earlier post, Moderngigabyte has several areas of business. We offer billing solutions (ModernBill), domain registration accounts (ModernDNS), fraud prevention tools (Fraudguardian), SSL Certificates (SSLFactory) and merchant accounts (ModernAuthorize). In each area we either have developed unique technology and/or have partnered with industry leaders to get the best deals put together for our customers.

This is not true, I don't state that your offer is false, I just notice that this is no AMAZING DEAL. However if everyone believe it is, fine with me.

You indicated that BluePay was in some way related to Protx. They are not.

Maybe I have some problems to explain my self, this is again not what I tried to indicate. I just again notice that you was partnered up with Protx. And the headline in this thread let it looks like there was a new Acquire on the marked.

We have previously offer another deal to our customer that was the best thing that was available until we negotiated the current deal which we only began offering on March 1.

This is good, I can't tell what we have made, because each time I try to do I get warning point from the Mods. because of self promotion :emlaugh:

Furthermore I don't want to compete on WHT with you, we all have our own business, thats what make it fun to be here.

Finally, I note your signature states that you are an EU Merchant account and gateway provider. We have a great many European customers who are interested in a true merchant account to use in conjunction with our ModernBill product. We would be more than happy to discuss any such offerings you have that would apply to these customers.

Any time, we are open minded for any relationship, which is reliable and can benefit both party's. ;)

BillingIsFun

I have talked to a couple dozen of my peers and I just want to say, keep doing what you are doing. The companies that truly see what you are trying to accomplish here as far as all of the var that you are offering stand behind you.

This is exactly what some of my e-commerce clients have been looking for and I will say again that this IMO is a breakthrough in this business. Keep it coming!

infact u cant signup if you're outside us or those 4 listed country.