Any good feedback on a credit card processing mrchant?

Just getting started with my e-commerce site. Please give some feedback, positive or negative, on credit card processing merchants.
Any other advice would be appreciated.
I am going to be using the Magento shopping cart software.

Thanks
Craig

I use Authorize.Net and have been happy with them for several years.

OK I've decided on authorize.net for the website, and undecided on first data (thru Wells Fargo) or e-onlinedata for the actual processor. Their pricing is pretty close. Anyone have any experience with either.

e-onlinedata has been good to me.

Have you looked at Pay Pal? Its 2.9% per transaction + 0.30 cents. No monthly fee, no setup fee, no other charges.

I chose pay pal for 2 primary reasons:

1. No monthly fees/etc means I don't have to worry about my business actually losing money while I work on the rest of my ecommerce process.

2. Pretty much 99% of people who know how to use the internet know and trust Pay Pal.


Also the money will sit in my Pay Pal account. Which means I can make transfers to my small business checking account (150 transactions free) and only transfer money to that banking account when I want. Which means every sale doesn't count towards my 150 transactions.

You can also get a Pay Pal credit card now days which means I can do my purchasing (for free) from my pay pal account as well.

Now I do have to warn you, this is my first time attempting ecommerce, so you'll want to review any of the sources I recommend on your own. Just in case I miss something. But to my knowledge this is an accurate account of the Pay Pal credit card processor and its advantages.

Just use PayPal until your sales volume can justify the cost of a dedicated merchant account.

PayPal is good but they are not a credit card processor. We use that and FastTransact for our cusotmers.

Quote:

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Originally Posted by Collabora

PayPal is good but they are not a credit card processor. We use that and FastTransact for our cusotmers.

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Yea, totally get that PayPal isn't a processor. 3rd party merchant. But he doesn't need a credit card processor if he's "just getting started". If he wants to pay the ridiculous start up fees right out of the box, OK fine. From my experience, that's like bringing a bazooka to kill an ant.

As you the poster wrote, he is just getting started so I'd advice that he tries using a processor like Paypal since they don't charge you monthly fees. But, if you are ready to pay some monthly fees you may try the other option.

Have great things to say about e-onlinedata - https://www.e-onlinedata.com/

PayPal does have merchant solution and is a processor. Website Payments Pro Solution

See here:
https://www.paypal.com/us/cgi-bin/we...p-pro-overview

I am using this and so far i'm happy with it. $30 monthly fee and then transaction fees. Still cheaper than authorize.net.

i have been using 2checkout and satisfied with them

Have you looked at Mainstreet Commerce? Seifert Technologies is one of their integrators, they may be able to answer some of your questions.

There are so many different options online today. Just make sure you do your research and choose a reputable and reliable source. Otherwise, you'll lose customers....translation lose out on profits.

most of the banks offer merchant processing accounts, for all sizes of companies. I've used bank of america, nova(elavon), and I just switched to Wells Fargo. They are desperate for new accounts, and I paid NOTHING start up for all of my merchant accounts.

1 pc of advise, DO NOT USE Paymentech, they are horrible and give you rip off rates, and they take up to a week to deposit funds. Wells Fargo and Bank of America offer next day funding if you bank with them.

they all offered great rates, by far Wells Fargo beats all of my previous processors. And all of them offer popular gateways such as Authorize.net, Paypal's PayFlow Pro...etc

Using Paypal is fine if you're talking about a small store with a very limited product selection. In other words... you're just getting your feet wet. But to really be seen as a legitimate retailer, you'll need to accept more than Paypal.

When you just start out, you won't be able to negotiate for very good rates. You'll have to take what's out there... and be careful going for any merchant offering you rates significantly lower than others... there's definitely a catch. And when looking at the rates... really study them... the most important rate is what is the most expensive rate i the proposal (usually business and affinity cards). That's the rate that matters.

Ya for online marketing merchant are using the paypal,credit card ,Debit card etc.
And its really a safe.Right now in market there are lots of option for online payment,And almost all are good.So no need to worry, decide by yr self which payment gateway you need to integrate.

I use Authorize.net as my Payment Gateway (this is not the merchant account ... just the gateway to your merchant account) and then I had a merchant account setup through my bank which Authorize.net talks to.

Authorize.net is superior to the rest but keep in mind, this is only the gateway that is used to determine whether a form of payment is accepted or declined. It provides the means for your cart to communicate with the merchant account.

Do your homework before you choose an actual merchant account (provider). There are a lot to pick from, but not all are credible. Look for the length of time they hold your funds before distributing them to you (dropping them in your bank account), the rate they charge for each transaction, etc...

One reason I went with a merchant account provided through my bank is that I knew they were credible. It's made a world of difference.

Paypal is good for me,I am using paypal from past 3 yrs and its very good .

They are exactly getting started so I'd advice that they tries using a processor like Paypal because they don't charge you monthly fees. But, if you are ready to pay some monthly fees you may attempt the other option.