How to choose a payment processor?

[michellebarkley]

Nice sharing.

thanx.

[regalwilliam]

Very good information shared on the online transaction.

Thank's

[redspace]

wow a lot of information and link on payment processor. it helps a bit when looking for the one. it is bit tricky but better do research first before picking your winner.

[debbiewolcott]

I just started selling credit card services for Central Payment Corporation backed by JP Morgan Chase Bank. As research, I found this information extermely helpful. Here is a good chart to look at. But the best savings is in the pin based transaction, like the debit card. It is the most secure transaction and the cost is less. You can also charge the customer for usage.

http://credit-card-processing-review.toptenreviews.com/

[website_seo]

I have found paypal easy to use as compared to others.

Other merchant account services were not available in India, therefore I was left with not other option than to rely on Paypal

[Russell]

Nice information,i think found PayPal to be pretty good.found PayPal then they still have an option to use one of the major credit cards.

Thanx.

[libertybistro@gmail.com]

I wanted more information of gateways for card swipe POS systems (eg. Merchant Link and Shift4).

Does it make a difference in the processing rates by a processor if we use one of the two above mentioned gateways. I have following questions

a. What do these gateways generally charge

b. How do i get billed. Can they integrate with the processor to issue one consolidated bill or do they give their own bill

c. What are the switching costs

d. How long are the contracts with these gateways generall are

c. Do I have to inform my processor that I am using a gateway?

Your replies will be highly appreciated


Liberty Bistro

[rocker314]

On my part, I like AlertPay because of their lowest fees starting at 2.5% and also they have this Know Your Customer (KYC) verification for enhanced security.

[cdloanmod]

A payment processor is necessary should you wish to accept payments via your website. The payment processor handles the routing of the transaction from the payment gateway to the credit card company and coordinates the merchants fund settlement payment.

Also needed to accept credit card payments is a merchant account. This is an account that is designed specifically to accept payments from credit cards, and is where the funds from each transaction will settle.

www.cdloanmod.com

[bettyduncan]

So can you suggest some good resources of third party payment processor? Aside from Paypal!

Thanks!

[whiskeytango]

I was referred by an oscommerce pro to PayJunction after getting screwed by PayPal when they held my funds. I have also heard 2checkout has poor customer support. PayJunction set me up with a personal account manager who gave me great rates and took care of everything for me. Integration with oscommerce was a snap.

We actually had some recent incidents with some fraud and Mike took care of it for us...I have his cell number and can call him or the 800 cust support number any time. Pretty amazing...no waiting on emails!!

Hit him up if you want. http://sales.payjunction.com/mwinner

[Gerald Evans]

I currently am running a website called http://cheapestmerchantaccounts.com - I am trying to provide an independent critique of the top processors available to small businesses. Along with reviews I am also attempting to provide weekly articles with valuable information for business owners to give them greater leverage in their negotiations.

While I hope the website is of some use to new/existing merchants looking for a merchant account, I am very interested in any real world experience any of you have had with the providers I have reviewed thus far. I have attempted to do as much research as possible on each provider, but nothing compares to the comments/notes that a business owner who has worked with a provider can provide.

[claudsimms]

although its old this is still helpful. Between your post and this blog posthttp://blog.nabancard.com/merchant-account/a-guide-to-accepting-credit-cards/ I gained a lot of info needed to sign up for a merchant account

[Talks_44]

This is an older thread, but the information on the first post is still relevant. Nice job

Personally I like using PayPal because it accepts credit/debit cards, paypal accounts etc. I like their customer service and ToS as well.

[tspadgett873]

I am new to this site and thread...We are looking for another payment processor besides paypal or 2checkout...we have had negative experiences with both...We sell downloadable digital products on line that are inexpensive (less than $100 per product)...the product is delivered automatically by e-mail once it is purchased from our website...Can you please recommend a payment processor for our type of product and business?...would appreciate any and all suggestions..

[wvds]

Is their a site that compares different third party payment processor, with all their advantages and disavantages ? But more important : the transaction fees. Anyone ?

[adumpaul]

Thank you for sharing nice information.

[solid]

A great option to paypal is the new company payza.com very competitive rates. have been using their older company for many years (alertpay) and had great success with them.... definitly worth checking it out

[sahostking]

I used paypal first but seeing as it mainly deals in $ dollars I went to 2 checkout which seems better. A little more expensive though

[sahostking]

A great option to paypal is the new company payza.com very competitive rates. have been using their older company for many years (alertpay) and had great success with them.... definitly worth checking it out

ooo they look quite good. And they deal with SA Rand. Which is great.