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  1. #1

    Payment Processors

    I am just starting out in the web hosting business, and I haven't a large amount of money to spend. I need some advice on Payment Processors.

    I need to know which is the best and which is the cheapest. Some opinions of the processors would also be great.

    Regards,
    Karl

  2. #2
    Join Date
    Aug 2003
    Location
    Vancouver, BC
    Posts
    1,894
    The cheapest option for yourself would be PayPal. This may limit the type of clients that signup but should atleast get you started.
    Gary Jones

    BlueFur.com - Canada Web Hosting

  3. #3
    Join Date
    Jul 2002
    Location
    Florida
    Posts
    287
    2checkout.com is nice. I'm not sure if they allow non US merchants. Eventually you will want to move up to a real merchant account. I've seen some people recommend http://www.forcetronix.com/ for EU companies.
    Mark

  4. #4
    Join Date
    Dec 2004
    Location
    United Kingdom
    Posts
    1,758
    www.authorize.net works well for us, It is a little pricey though, I agree with Gary, To start up Paypal may be a good option especially if your a little low on cash.
    Good luck with your venture.

  5. #5
    Join Date
    Oct 2002
    Location
    EU - east side
    Posts
    21,920

  6. #6
    Join Date
    Jul 2003
    Location
    Castle Pines, CO
    Posts
    7,189
    It all depends on where you are located and the monthly volume.

    If you are in the United States, a merchant account and an electronic payment gateway (Verisign's Payflow, LinkPoint, Authorizenet.com) might be suited if you are planning on doing more than $1,000 a month. Payflow and Authorizenet.com will also charge you for their recurring billing module, so keep that in mind when doing your due diligence.

    Otherwise, you might consider 2Check out and whatever you decide, consider Paypal inconjunction with both.

  7. #7
    Join Date
    Feb 2005
    Location
    Europe
    Posts
    392
    Depends on your volume, what you sell and where you are based, as Corey said.
    There are two ways to go 3pp and a merchant acc+ payment gateway, depending on listed terms, as merchant acc may be not available for some types of business, locations and volumes...
    E-wallet/E-commerce platform for sale! Fully ready to work solution,
    Tested by real merchants,
    Full kit, including software, company, bank accounts!
    Gmail: SS.sebserg@googlemail.com

  8. #8
    Join Date
    Aug 2005
    Location
    Phoenix, AZ USA
    Posts
    7
    If you are starting out, i like paypal, since they are now accepting CC orders without a signup, it is great. Just need a cart that supports.

  9. #9
    Have a look at www.spacecoin.com
    We are super pleased with them.
    Easy and fast set up without the need software installations. We just link from our own site to a shopping cart that they provide.
    And we do recieve founds in time (heard that others have big problems with that with other providers).

  10. #10
    The best are 2checkout.com. There is no need to wonder, the conditions are perfect for the merchants and they are honest and correct.

  11. #11
    how about worldpay?
    anyone had been cheated by them?

  12. #12
    Join Date
    Nov 2004
    Location
    DK
    Posts
    632
    I dont think WorldPay ever have or will cheat any of there merchants.

    2Co is a good solution for small and medium business.

  13. #13
    Join Date
    May 2005
    Location
    Silicon Valley
    Posts
    2
    VeriSign would be my choice

  14. #14
    Join Date
    Aug 2005
    Location
    Orlando, Florida
    Posts
    207
    2checkout takes 5.5% AND 45 cents per each order?

    For an order of 8.95 that's almost a whole dollar. Paypal only takes 56 cents. Why in the world would I want someone taking a whole dollar for every sale.

    There has to be cheaper...

  15. #15
    I have tried to use paypal, even the fees is cheeper, but the procedure very difficult..May be because i`am malaysian, i must open my account at spore..
    i have read someone had lost theire money in paypal, but there is many people still use paypal..I dont know it is a true story or not..

    Worldpay is to expensive..
    Set-up Fee: S$ 250
    Annual Fee: S$ 650. A recurring, annual charge.
    Additional Currencies: Domestic currency provided as standard part of Internet Merchant Account. S$ 138 per additional currency.
    Transaction Service Charges:
    Up to 4.5% on the value of all other transactions e.g. credit and charge cards.
    S$ 0.16 per transaction for Fraud detection.

    But i didnt hear anyone complaint about theire service..


    2CO, i havent try yet..But 2CO only limited product can sell..
    Any replica product is not allowed...But i hear majority people like to use 2CO..


    authorize.net may be ok..But i dont know malaysia people can use theire service or not..the fess is quite ok..
    Setup Fee: $125.00
    Gateway Fee: $10.00/month
    Statement Fee: $5.00/month
    Transaction Fee: 2.25% + $0.25
    Monthly Minimum: $25.00 * (Monthly Minimum represents the minimum monthly transaction fee. This fee is charged instead of the Transaction Fee only if the total Transaction Fee for all transactions processed in any given month does not equal to $25. )

    Paysat..
    I have intent to use it, but when read someone had been cheated, i have cancel to use it ...

    So, now i decide to use worldpay, even the fees is to high, but
    it secure..

  16. #16
    Join Date
    Jul 2002
    Location
    Victoria, Australia
    Posts
    36,941
    Originally posted by Christer99
    Have a look at www.spacecoin.com
    We are super pleased with them.
    Easy and fast set up without the need software installations. We just link from our own site to a shopping cart that they provide.
    And we do recieve founds in time (heard that others have big problems with that with other providers).
    So pleased that you joined forums to say how pleased you were in many threads? sheesh, they must be good

  17. #17

    2CheckOut guys are criminal!!!!

    Originally posted by The Napster
    authorize.net works well for us, It is a little pricey though, I agree with Gary, To start up Paypal may be a good option especially if your a little low on cash.
    Good luck with your venture.
    Dude,

    Forget about 2CO. i had totally bad experience. After 2 years they just usurped my income and terminated my account saying my company is SPAMming around, although it's not the truth and no one of those morons wants to inspect this case. Now the case is by my attorney, so it's really not worth even to try them.

    Also they have attractive processing rates, but I warn you - it's a trap, because I had a lot of charge-backs a lot of so called fraud orders. So just stay away from that crap. Better pay a bit more by another third-parity company or open your own merchant account.

    Take care!

  18. #18
    Join Date
    Aug 2005
    Location
    Orlando, Florida
    Posts
    207
    It's YOUR responsibility to stop fraud, not 2checkout's. Use another site for fraud checking, or don't allow payments to go through until you have checked out the order. With you having alot of chargebacks and fraud you probably were spamming around.

    Not to mention having only 8 posts doesn't give you much credibility.

  19. #19
    Originally posted by JoshuaJames
    It's YOUR responsibility to stop fraud, not 2checkout's. Use another site for fraud checking, or don't allow payments to go through until you have checked out the order. With you having alot of chargebacks and fraud you probably were spamming around.

    Not to mention having only 8 posts doesn't give you much credibility.
    First, the order validation for fraud IS their job, not mine!!! They offer this service and I engage them for this service and pay them. They even have a fraud department and this one works fine, better then others by 2CO, although they decline every order without address or state field filled. So this is not the point of my frustration. The point is worst support, non-tech staff, and unprofessional, unmannerly relationship with vendors.

    I had a lot of orders but the refund rate was criminal in comparison to other CC processors. My company made more then $100k using them in 2 yrs and they just terminated our account without any arbitration.

    And JoshuaJames, my posts have nothing to do with my credibility. I put just the facts on the table, nothing else.

  20. #20
    Join Date
    Aug 2005
    Location
    Orlando, Florida
    Posts
    207
    Although 2CheckOut offers some fraud protection to help out, it's still not entirely their responsibility. You should be regularly reviewing your orders and making sure to the best of your availability they are not fraudulent.

    Not to mention you have signed up here to only post about how much 2CheckOut 'sucks'. AND have posted the same reply to two different threads on two different topics.

    Your posting habits do not lead credibility to your 'facts'.

  21. #21
    I have to agree with you, JJ..
    He's poisoning threads by using "template" messages.

  22. #22
    He's poisoning threads
    Hehe ... This sounds good! I wish you could experience the same with 2CO, as we have. The poisoning threads are just one of the ways to show other people what could happen when you choose 2CO services.

    ...

    And JamesJoshua (or whatever) ... Yes, mainly I'm here to share the people my bad experience with 2CO, because I don't have much free time to talk around the forum about other stuff. I think this is the main function of this forum, experience sharing or? Let me know if I'm wrong???

  23. #23

    3pp

    You should choose your 3pp based on your products and marked...

    If you carry totally respecatble products and do timely deliveries, 2checkout is an alternative....


    If not...well choose another 3pp....Preferably a 3pp specialising in High risk merchandise.....

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