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Online Payment Processing Discussions concerning topics related to payment processing, such as merchant accounts, gateways, credit card processing options, PayPal, Google Checkout, 2Checkout, etc.


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Old 07-08-2010, 04:02 PM
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Cheapest Payment Processor?

I've been searching for a low cost payment processor and of all the ones I've seen so far they all charge either hefty monthly fees or big fees on the sale of goods.

Any recommendations?

So far I've already looked at Authorize.net, 2co.com and 1ShoppingCart
 

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Old 07-08-2010, 04:12 PM
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What do you consider big fees on the sale of goods?

If you dealt directly with your bank issued Visa/Mastercard/Whoever card there would be a service fee for that. Used to be 3-4%.
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Old 07-08-2010, 04:44 PM
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Well, I'm setting the site up for my dad and he only plans to sell items on occasion (i.e. 1-2 per month)
 
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Old 07-08-2010, 04:53 PM
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With a low volume, I'd try using PayPal for the time being. Most merchant accounts, payment processors and payment gateways have some type of monthly fee.
 
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Old 07-09-2010, 10:04 AM
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Yah, the people buying items don't have a Paypal account (I already asked him that). They just have procurement cards... hmmm. Perhaps I should just find one that charges the fee but doesn't have a monthly cost?
 
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Old 10-05-2010, 03:50 AM
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You dont always need a paypal account to pay for single items.
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Old 10-05-2010, 06:57 PM
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There are other alternate payments that offer low fee but they are not much secure like paypal.i think it is better if you still use the paypal because it is very secure and not very big fee.
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Old 10-06-2010, 05:41 PM
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Is the customer entering their own credit card info and completing the sale online or are you collecting the card info and running it yourself?

Also, while fees can be a determing factor try to look at how quickly funds are released, any fees for withdrawals, how they settle chargebacks and associated fees with chargebacks. Once you look at the bigger picture you will see that the cost to receive money is a small part.
 
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Old 10-06-2010, 07:32 PM
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I would recommend PayPal. They are also the most popular.
 
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Old 10-19-2010, 02:48 AM
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Liberty Reserve is cheapest i think.but they have some problems,like you have to use exchanger service to withdraw money
 
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Old 10-21-2010, 02:13 PM
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look at pay.us.com. Will open soon and is for free!
 
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Old 10-23-2010, 06:48 AM
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Worldpay have a flat rate over a certain amount, of 19/month (B390 offer I think)
Paypal is now integrated into their system also.
 
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Old 10-23-2010, 07:12 AM
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I do not know what do you mean by saying "cheapest", but you would not get a discount rate lower than 2-point-something unless you have a very high volume of sales. PayPal is good for small businesses.

Try also Noca!
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