Web Hosting Talk : Web Hosting Main Forums : Ecommerce Hosting & Discussion : 2CO or myPaySystems

[abluegrape]

Looking at them both on the forums they both seem to have pro and cons, but with the budget I have it has to be one of those two.

Now, I like myPaySystems (dont know why I got directed to that one instead on PaySystems, but I guess its because of my low turnover at the mo) as it lets me bill in the most common currencies($, £), whereas 2CO only bills in US$

Do I just toss a coin in the air and go with the one it lands on or do you have any advice (and not the 'none of them' kind please as I need to start somewhere before shelling out monthly fees with WorldPay et all)

Thanks for your time.

Ryan

[Heymish]

Id prefer 2CheckOut personally, but i guess it all comes down to what YOU need it for

[rghf]

I've always found 2CO to be a more personal company and they do seem to actually care about clients. Paysystems has never replied to any support tickets I've raised

Rus

[abluegrape]

Originally posted by Heymish
Id prefer 2CheckOut personally, but i guess it all comes down to what YOU need it for

I need to take payments for hosting, domains and web design (and maybe my other business, but thats only a wish thing not essential)

There wont be hundreds of transactions so dont want a minimum transaction thing either.

Thanks for the help so far - between here and another forum 2CO looks a good bet

Ryan

//edit: looking at mypaysystem for smaller business, $49 set up and then just 3.95% transactions fee....in 3 curencies...mmmm.

Anyone know how they get your money to you in the UK (cant see it on their site)

[Corey Bryant]

Where are you based Ryan? Most merchant accounts will handle international billing as long as the gateway supports it.

When you say a merchant account is way too much - if you are based in the US - 20 transactions at $100 is about $73.00 - including gateway fees, etc. Using those sames numbers & the numbers posted on 2CO, your monthly total is about $119. Setting up a merchant account does not cost a lot - usually less than $200 if that.

[Speechdemo]

I have also looked at both and have decided to go with 2CO. Although slightly dearer then Pay Systems (in terms of transaction fees) they seem to have a better relationship with there clients/merchants and are less prone to errors.

You can also convert the payment in various currencies (UK Sterling, Euro, Yen....etc) upon checkout.

[abluegrape]

corey - I am in the UK so you can guess prices get higher for some reason

Speechdemo - thanks for that, looks like 2CO is winning so far even though you have to bill in US$

Ryan

[Corey Bryant]

rchosts - you are correct. If you did have a corporation in the US & a US bank account, the rates would be about 3.32% because if something did happen - you do not have a social security number to be tracked. In the US, they use the SSN to track everything these days & to report it th credit agencies.

Hm, maybe if we come up with a single number for everyone & new reporting agency like TRW, maybe we can do away with some of those higher percentages?

[rickkumar]

2CO

Its got great support and almost same rates as PaySys.

[Best Buy Business]

Originally posted by rchosts
Anyone know how they get your money to you in the UK (cant see it on their site)

rchosts-

PaySystems will wire you the money once a week or when you reach a self imposed minimum settlement value. The wire fee is $10.

You can also have the money sent by check, it takes a little longer but it is free.

Oh, by the way, you were redirected to myPaySystems because that is our new site that is targeted to small to medium sized businesses.

In terms of choosing merchant service provider I would suggest narrowing your list down to a precious few and then calling sales reps from each company, or write an email and have them call you (save a couple of bucks). In the end you should go with your gut feeling.

Paul
PaySystems

[abluegrape]

Cheers Paul.

I have been told tehre are forms to fill in and fax back to you guys to get it all set up properly. Is that true?

Looking to go to paysystems as I prefer to bill in GBP (or can I bill in all three)

Anyway
Thanks for getting back - its definately between you guys and 2CO

Ryan

[Best Buy Business]

Ryan,

You can bill your clients in all three currencies but you need to setup three seperate accounts to do that. It's may be a good idea to start out with one account and then move to open new accounts as it becomes necessary.

If you do choose PaySystems you will need to sign the contract and fax it back to us so we have a signed version on file. You can also scan and email it.

Thanks
Paul

[sightz]

Pablo,

Why does paysystems charge fee to transfer to a Canadian bank account? Paypal, Internetsecure and many others do it for free. I was under the impression that electronic transfers (not the old-style "wire transfer") were very easy an inexpensive to do - actually CHEAPER than printing, signing and mailing a check.

You guys are based in Montreal, right?

Also well I have your attention, will my customers credit card statements say "paysystems", "sightz.com via paysystems" or "sightz.com"?

If they only say "paysystems" how do you handle the "I never ordered from paysystems" type of chargebacks?

[abluegrape]

Cheers - think i will be signing up soon then.

Ryan

[Best Buy Business]

Sightz,

There is 10$ wire transfer fee that is charged by the banks and not PaySystems.

Unfortunately we are not setup to handle EFT (Electronic Funds Transfer) to Canadian bank accounts. The main reason is that the vast majority of our business is based in the US and Europe and it would not be cost effective for us to setup the EFT system for our Canadian Merchants. As our Canadian business grows I'm sure we will move to incorporate EFT.

We have offices in Montreal, London, Boston and New York.

Your clients will see www.mypaysystems.com on their CC statement. The phone # next to the descriptor is our toll free billing number.

In the event that a client does not recognize the charge and calls us to inquire our billing department is able to tell them exactly where the charge originated, for what amount and the date of the purchase.

Paul