Hello,
I am looking around for solutions available to canadian users for accepting credit card, direct bank transfer payments from customers around the globe , i have master card one from pc financial (hmm its a branch of cibc) and got bank account with Royal Bank (got rid of their visa card though).

So i would like to know how to go about this issue and which solution would be cheapest. I am not sure if paypal canada (something new coming around the horizon) would do cc processing.


Thanks

You might look into InternetSecure.

Also do a search for "canadian payment procssor" and you should turn up a few threads.

Hello,
I am looking around for solutions available to canadian users for accepting credit card, direct bank transfer payments from customers around the globe , i have master card one from pc financial (hmm its a branch of cibc) and got bank account with Royal Bank (got rid of their visa card though).

So i would like to know how to go about this issue and which solution would be cheapest. I am not sure if paypal canada (something new coming around the horizon) would do cc processing.


Thanks

You can try PSI Gate which is a Canadian CC processor. If you want pay pal you'd have to sign up for their Buiness Account (not PayPal PRO) and then you can accept CC through pay pal.

There's also Hyperwallet.com.

As mentioned, InternetSecure (based in Oakville, Ontario) and PSIGate (based in Mississauga, Ontario).

I have had an InternetSecure account for 6 years and I'm very happy with them. Note that there are pros and cons to both IS and PSIGate.

IS costs a bit more in transaction fees and discount rate. And your customer goes offsite to process payment, so integrating the payment gateway into your billing script (particularly if you have recurring billing) is not as seamless as it is with PSIGate. On the plus side, they are incredibly stable, reliable and support-centric. I NEVER have a problem getting someone on the phone within 1-2 minutes to solve an issue.

PSIGate is integrated into far more billing scripts than IS. And you are able to have customers process payment without leaving your site. (That means you will have to buy an SSL Certificate). However, keep in mind that you can only process Visa and MC. You have to contact American Express separately to process that card.

Vito

2Checkout also would work for this.

So much does IS cost as there is no fee structure on the site itself.

Plus payment via paypal requires buisness account ? But dont you have to qualify first for buisness account? I am Premier account holder for last 2.5 years, anyone has clue how much extra buisness account costs to get the cc payments enabled?

I wonder if 2co will charge that darn cross border crap also like paypal does (paypal is sucking up all my money).

So from their site i see this rate : 2CO receives a wholesale rate discount of 5.5% plus $0.45 off the retail price of each total order.

So if someone orders 1.55$ deal i get only 1$ right or something like $1- Cross border crap?

If you are charging $1.55 per month for hosting plan, IS is definitely not for you. All (most of) your money will go to them.

Vito

If you are charging $1.55 per month for hosting plan, IS is definitely not for you. All (most of) your money will go to them.

Vito


Ah crap why is that how much do they charge? I guess i can make that 1.55 $ one time payment for year so its not 1.55 $ at all .

WOW 2co is scray:


In the event that all products offered by a vendor are less than 5.00 each, additional rates apply to offset charges incurred by processing transactions.

Each Transaction 6.5% of the transaction total, plus $1.00



So what am i left with by using 2co sheesh.

I have a USD and a CAD account with them. My USD transaction fee is $1.00 plus 3.75% for Visa.

Vito

I recently built a shopping cart which had to integrate IS into it for onsite payment processing, it was actually very simple, they sent me the files I needed and I just had to edit them. It was very simple and took only about a day to do.

...integrate IS into it for onsite payment processing...
Onsite? How did you manage to do that? Do they have another product I don't know about?

Vito

vito, I can look it up for you to see what it's called, if you want to see it in action I can PM you the link.

Yes, please PM me a link. Much appreciated. :)

Vito

Vito, I sent you a PM. for anybody else interested in the same question vito had, I used their "Merchant Direct" form of integration. You can get a detailed description of it on:

http://www.internetsecure.com/solutions-integration.htm

But portal what is the fee structure like , and how much they charge to transfer to my bank account?

paidhosting, I just spoke with IS. Fee structure is the same for both Merchant Link and Merchant Direct. Here is some basic info on Merchant Direct from their site:
Merchant Direct is a XML based integration method that enables Merchants to accept credit cards from customers on their website, and then interact with the InternetSecure Payment Gateway (IS Gateway) to process the payment.

Merchants must securely collect credit card information from their cardholders on their website or online applications, format the payment request in the prescribed XML format and transmit it to IS Gateway. IS Gateway processes it for authentication/authorization and returns an XML response back to the Merchant application. The Merchant application then has to parse this response and display the appropriate result to the Customer.

IS Gateway has enhanced security and risk management capabilities to authenticate and validate payment requests. This document describes in detail the steps to be taken to submit online real time transaction requests to IS Gateway using Merchant Direct.

The basic requirements to successfully transact with IS Gateway are:
# A valid Merchant Account with InternetSecure
# 40 bit or 128 bit SSL
# Compliance with the Payment Card Industry (PCI) Data Security Standard
# Server side processing capability
The one thing that I need to research a bit more is "Compliance with the Payment Card Industry (PCI) Data Security Standard".

Vito

Oh this so complicated. What would you guys suggest that would be best and cheapest?

IS , PSI , Paypal , 2 CO etc.

And does IS , PSI charge cross border fee also ?

paidhosting, does cross border fee mean if someone pays you that's outside of Canada?

paidhosting, does cross border fee mean if someone pays you that's outside of Canada?

Yes sir, Paypal charges like 0.55$ and 3.9% for just cross border fee.

I don't think the structure is any different in that case.

Plus payment via paypal requires buisness account ? But dont you have to qualify first for buisness account? I am Premier account holder for last 2.5 years, anyone has clue how much extra buisness account costs to get the cc payments enabled?

There is no cost or extra qualification needed for a PayPal Business account. However, if you already have a Premier account, you should already have the ability to accept credit cards. If you add the email address from your PayPal account to the end of this URL, you can verify that your account support an Account Optional checkout for customers who want to pay by credit card without creating an account:

https://www.paypal.com/webscr?cmd=_xclick&amount=1&item_name=test&business=

(If the first screen you see just has username and password fields, click on the "click here" option for customers without an account. As long as the next page does not indicate that "sign up" is required, then you are looking at the Account Optional checkout pages.)

WHy not just check out the payment processors for their fees? If they aren't on their website (like IS) send them an e-mail. I know IS will send you their compltee fee schedule in PDF on request.

www.beanstream.com is Canadian. We use 2c0 because it's relatively cheap and we don't process credit cards on site.

We use and recommend PSIGATE to all our clients. They are usually negotiable. My suggestion is to shop for the best rate and then call them.

Ah crap why is that how much do they charge? I guess i can make that 1.55 $ one time payment for year so its not 1.55 $ at all .

WOW 2co is scray:


In the event that all products offered by a vendor are less than 5.00 each, additional rates apply to offset charges incurred by processing transactions.

Each Transaction 6.5% of the transaction total, plus $1.00



So what am i left with by using 2co sheesh.

for your 'low cost' plans, bill quarterly and keep the item cost above $5.00 and the regular transaction fees apply (5.5% + $0.45)

There are no cross border fees.

As per the T&C of the board, I cannot reccomend a Canadian credit card processor as I work within the industry and have contacts at many of the banks and processors mentioned. As such my advice is to search on google for Canadian merchant accounts or credit card processing in Canada and you will find many relevant links.

However, in regards to the the direct debit / EFT processing part of your question - I can help you with this as I do not work in the EFT side of the industry. I have spoken several times with folks at EFT Canada and they were quite helpful. Their website is www.eftcanada.com. They seemed a good alternative to working directly with the banks to do EFT payments in Canada, and although I can't remember the exact rates offhand, I remember them as being quite reasonable. (EFT is the equivilent to ACH in the U.S.A).

I hope that helps!