Web Hosting Talk : Web Hosting Main Forums : Ecommerce Hosting & Discussion : Which Payment Processor do you use?

[joelmoss]

We are looking into starting a payment service offerring full ecommerce services without the need for your own merchant account - similar to 2checkout - but I need to know which is the most popular Payment process out there. Feedback would be appreciated on what your ideal service would be.

[cdgcommerce]

With respect to your question... AuthNet, CyberCash and Payflow Pro are all just payment gatways - NOT actually payment processors or merchant acquirers.

In other words, they are such point-of-sale services that -attach- to an existing merchant account setup with an acquiring bank.

The rest of the items on your list are actually third party processors and thus probably a better comparison for what you are trying to put together.

One suggestion for you - be very, very careful in the planning of this new service. There is a lot of risk involved in it and most banks will not approve that kind of an account. And the ones that do, will likely require reserves and strong financials.

[Corey Bryant]

Are you looking for a third party or your own merchant account?

[joelmoss]

Originally posted by coreybryant
Are you looking for a third party or your own merchant account?

We are not looking for any. We are thinking of starting our own.

[Corey Bryant]

I agree with CDGcommerce.

You have two companes - the gateway & the processor. And they cannot be owned by the same company due to anti-trust laws. There are a few ways around it & it is very tricky.

As far as maybe becoming a third party processor - that is getting to be more & more difficult these days with Visa/Mastercard.

That was why I as asking. The lst was a mixture mainly of gateways & third party processors.