I have done a fair bit of research, but i am still confused about what i should do to receivce credit card payments over the net.
btw, this is actually about my dad's business, but i will refer to him as "I", just to make fings easier.
-My business is currently face to face, and i am putting it online. Currently, i can accept credit cards at my office (the customer needs to swipe the card through the machine)
-They are currently charging me 1.5%
-We only make a slight margin of profit-about 3-5 percent.
-for my online business, i will have payment options, and obviously, paying by credit card is definately one of them.
-Anyway, because of our margin of profit, we are planning to add credit card fees on top of the "payment amount"
-The amount of money that will be transferred per month, would be about $10,000 Australian DOllars
(note: this is not the profit, its the amount of money transferred. lol, nowhere near the profit)
-after the first few months, i will expect to have about 200,000 dollars transferred per month
-Authorize seems to be the best gateway, and if possible, i would liek to use it.
-To the part i would like to ask: what merchant account should i use??
-should i use a third party (dunno wat it is)? can i use my current account? if not, what is a good merchant account?
-I would beleive that a reasonable amount for them to charge would be about 1.8% + transaction fees.
The shopping cart is absolutely no problem, neither is the SSL certificate.
I am willing to pay up to about a thousand dollars for setup fees and a hundred dollars a month - these values are flexible to some degree.
anything below 1.8% would be sweet, and anything up to 2.1% is acceptable.
(We have found a way to get about 1.3%, but this option doesnt suit us very well, but if we cannot find another option, we can use this one)
Btw, payapl is also an otpion-for some odd reason, they charge 1.4%-2.4% for Australia Payapl (i know it is 1.9-2.9 for the US), which is good for me.
However, the bad thing about paypal is that it is compulsary to sign up, and the chargebacks(i cant afford these, but i am aware this may happen with other options too)
2CO and PayPal are both options that might work for you.
Or, being that you have an existing credit card account from your Australian provider, you may want to ask if they can also handle your Internet processing as well.
Do you know the name of your AUS provider? If so, perhaps we could find info on the Web about their offerings in that area.
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