Credit Card Processing

[Insyder]

Hey guys. I'm back and ready with my first round of questions. Does anyone know of anygood online credit card processors? I was looking for something without a monthly fee, but also without an insane percentage rate. does anyone here know of anything like this? thanks in advance.

[Jason]

Welcome back. Well, with the exception of paypal, all billing providers (to my knowledge) will have either a monthly fee + start up cost OR a high percentage rate. The distinction between the two is that one is a "merchant account", while the other is simply a billing provider with access to a merchant account themselves. A merchant account (which should always use authorize.net as their backbone) will typically charge $200 - $400 for their software (if you use a virtual terminal, meaning you wont need hardware), plus a "discount rate" of around 2%-3%. There will also be a $15 a month charge to use authorize.net ( a gateway fee), and there may also be a $10 fee by the sub reseller.

Alternatively, services like ccbill.com, ibill.com and clickbank.com will charge from 10%-20% (which will include a 6 month holdback of about 5%), but will not charge any monthly or startup fees. These programs, however, may limit your maximum purchase price to about $100, and some (like clickbank) do not handle recurring billing. They usually have minimum purchase prices as well, usually around $3.

If you're really interested in a merchant account, you should check out the list of resellers available at their site.

Big Resources currently uses a variety of methods for some of its pay services including ccbill, paypal, and clickbank. But it will be consolidating all of its systems to use a merchant account using authorize.net, and resold through amerimerchant.

[blowndeadline]

Take a look at
http://www.2checkout.com/

Excellent service


Mike