Web Hosting Talk : Web Hosting Main Forums : Ecommerce Hosting & Discussion : Cheaper than paypal.

[Division Host]

Any other payment options that take less money out of a transaction than paypal does.

[Corey Bryant]

It seems they are 2.90%? Are you looking for a third party processor or your own merchant account?

Your own merchant account is cheaper as far as discount rates / transaction rates. A third party is going to be higher because of the risks.

[brevig]

CDGcommerce offers true merchant accounts, not third-party processing, they take out 2.25% + $0.30 (maybe $0.35) per transaction, but there are monthly fees adding to about $25 a month.

If you move a lot of money, it's worth to pay the monthly and get the merchant account. If you don't move a lot of money, stay with PayPal.

Richard

[Corey Bryant]

Correct, if you are going to process over $1,000 a month - go with your own. This normally covers a monthly minimum of $25.00 that some processors do require. With you processing $1,000 at 2.25%, that is $22.50 a month. You would still be respsonsible for $2.50 but as long as the discount rate totals more than $25.00 a month, you have nothing to worry about.

I suggest to most of my clients to keep paypal there as an option. So many people do use that to transfer money back & forth, it could not hurt & just helps to expand your business. But only using Paypal does not look professional in my opinion and others.

[Division Host]

Thanks alot i have though about using cdg because of the good rep around here.

[OGSHosting]

As the above posters said, you really don't need the extra expense of a merchant account if you aren't doing much business per month anyway.