Merchant Credit Card Account

[Carbo]

I'm wondering if anyone here has an online business that is accepting credit cards. Currently I use Paypal for my transactions, but some folks aren't registered there and don't want to be. They stil want to pay with their credit card, however.
Can any of you recommend a reasonable company that will allow me to accept credit cards online, in addition to my Paypal setup?

 

[MikeMike]

2co.com
paysystems

check over @ webhostingtalk.com under the payment are i believe. they have a lot of discussions about just this.

MIKE

 

[LordThing]

Isn't there a new system with Paypal that doesn't require you to have an account?

Read some marketing fluff on their site about it, but no nitty gritty on how to impliment.

 

[WHipLAsh13]

yeah I am looking for a merchant account to for my Miva based site. Would be good information to know who people like and dislike as far as Merchant accounts go.

 

[RossMAN]

Paypal fees

*hmm.. any business owner here ? I wonder how many % credit card payment processing company charge for each transaction?

Best way of accepting credit cards?

You have two choices:

1) Third party payment processor such as (listed in order)
WorldPay.com
Paysystems.com
2checkout.com

These have low start up costs, sometimes no monthly fees and no requirement of a business license or merchant checking account. My favorite is Paysystems, you pay a one time $49 setup fee, no monthly fees or minimum requirements, you are paid every Friday directly into your banks account via ACH (just like direct deposit).

2) The BEST option is to get a merchant account with your bank and an account with authorize.net this gives the merchant the most protection. With the first choices if a customer disputes it although you provided services and/or goods, chances are you will lose, the customer will win PLUS you are charged a $25 "charge back" fee.

So imagine how pissed you would be if someone pays for $10 of web hosting, they get pissed off at you, dispute the charge, not only is the $10 taken back PLUS you are charged a $25 charge back fee as well.

If you don't mind paying a minimum $25/mo fee (even if you process $0 transactions you are still charged at least $25/mo) then your BEST CHOICE is to get an account with CDGcommerce.com which gives you the best of both worlds.

I hope this info helps some of you. I have done extensive research on accepting credit cards online.

 

[Carbo]

Lots of good info! Thanks, gents. I'll sit down and sift through it all later today. Much appreciated!

 

[RossMAN]

Bump for marcustzy

 

[Entity]

CDGCommerce is the way to go.

http://www.cdgcommerce.com

Rob

 

[randomlinh]

CDGCommerce! now only if i could justify $25/mo.. can't do it yet, so stuck w/ 2Co

 

[RossMAN]

Originally posted by: lnguyen
CDGCommerce! now only if i could justify $25/mo.. can't do it yet, so stuck w/ 2Co

I hear ya.

The monthly fee really cuts into profits. Not even "profits" if you're like me just trying to break even.