Merchant Accounts / Credit Card Processing

Currently using PayPal for all my credit card processing, but I'm fed up with the fees. Who do you use for your Merchant Account / Credit Card Processing? Anyone to recommend? Anyone to avoid? Thanks.

I was using PayPal and now currently started using square. I really like it! Worth looking into.

Paypal's Merchant Pro fees are pretty competitive to other credit card processing companies. You may be able to negotiate a better fee structure by going with First Data (biggest merchant processing company). However, they're not very business friendly and I personally have had a bad experience with them. There are a lot of factors in which you'll need to consider choosing the appropriate merchant account processor, (i.e. monthly revenue, brick & motor store, items you sell, and etc). I wish I could give you a better answer but it's really comparing apples and oranges with these companies. Best of luck to you!

Choosing the right merchant and credit card service provider helps in improving the performance of a business. Some factors you will need to consider are Pricing rates, find one provider that can meet all your needs, good customer care, secure, trusted good reputation and quality of services.

A lot depends on what industry you're in and the amount of sales. Both has a substantial effect on the rates you can get. 2CO rates have become pretty competitive lately.

Hello.

E-Commerce is a complex service to set-up unless you want to use PayPal.

Although what I think everyone is starting to find is that people want to steer away from PayPal because of the expensive fees as you mentioned.

The only time that PayPal is actually a benefit to you is if you don't process anymore then about £1,000 a month.

If you process more then that, it would be very cost effective for you to set up e-commerce without Paypal.

I work for a company that specialises in setting up e-commerce and card payment processing so would be able to give you some advice on what would be best for you if you could reply with some details about your business?

Mostly being your turnover, and the sector your business is in/service & products you sell.

Tom

i also have similar question regarding this, and would appreciate your feedback about it -

a friend of mine (web developer) is saying he can develop an e-commerce website for me using Opencart, and would incur minimal charge (around $200) and have COD & Paypal support. And says credit card/debit card payment feature would be risky. Can any expert suggest if there's no security issue with using free OpenCart for my online business. And how can the security issue be handled if i want to include debit card/local bank transfer (if not credit card).

thanks a lot.

I was using PayPal and now currently started using square.Choosing the right merchant and credit card service provider helps in improving the performance of a business

There So many Payment gateways for free of cost Google checkout is one of the good payment gateway and cc avenue

You should switch to opencart as it is very cost-effective & offers good services.

I sell software by download since 1998. I have used two different merchant services and eventually got kicked out by each of them because of too many chargebacks. Selling software downloads is inherently risky, and there is very little one can do about it to check if customers are legitimate. Since I switched to Paypal, I enjoyed constant courteous service and very little chargeback trauma. Their dispute service is also extremely useful to settle customers complaints. Altogether, Paypal does work for me. Paypal may charge fees, fact remains they do provide service. And a fairly simple programmation interface.

I probably will add more ways for customers to pay, but am not prepared to go back to the way it was before.

Mitch

Better ask the nearest bank in your town. Banking is something expert can explain well.