3rd party processor at less than 5%?

I thought I could manage to find the answer myself, but I need help!

I am looking for a replacement for iBill (internet billing), our current 3rd party credit card processor. We pay them in excess of 15% per transaction and we are not in the porn industry, which is what they cater for.

We are aiming for a processor which:
- do not require a merchant account
- takes maximum 5% flat pr transaction
- offers recurring billing (aka rebilling or subscription sales)
- is not late with payments (which ibill always is)
- has a good interface to sales data and preferebly offers the data in raw excel sheets


We used both these sites to find a good processor:
http://www.mgoldmine.com/index.aspx
http://www.eprofitnews.com/payment-processors.shtml
http://www.3rdpartyprocessors.com/th...cessors5.shtml
http://www.online-payment-processing.com/

The best we have found is WorldPay, but they won't accept us because we are based in a non-Western country. We have a good track record with ibill and have over $300k in sales pr. year.

The second best bet is paysystems, but I have read nightmare stories from other merchants about late payments and (unjustly) withheld funds.


Where can I look?

I'm sure you've run across 2Checkout.com in your research but I wanted to let you know that I've used them for 2 years and highly recommend them. Definitely worth considering if you haven't already.

Hope this helps,
Jennifer

Jennifer,

Thanks for the tip. Yes, I already had a look at them. The problem is they charge $0.45 per sale besides the 5.5%. We have average sales of $8.8 so we effectively run up to a fee of some 10% with their rates.

Thank you anyway!

Very inexpensive and provide a great service.