Which Payment Processing Do You Recommend The Most ??

[koolasia]

Which Payment Processing Do You Recommend The Most ??

[deluxdon]

My first preference is Paypal because its widely accepted. Other than paypal i use Moneybookers and rarely e-gold.

[britishguy]

PayPal is very popular but internet companies that have been going a long time like we have will use ClickBank and 2CheckOut and many other Payment Gateways that provide excellent services for high volume sales

PayPal is great we use it a lot, but we use others too, you need more than one if you want to get reach and multiple locations

[Richie_Ni]

Paypal,definitely!
The 2nd would be 2checkout.com .
The 3rd will be by checks :D

[eddy2099]

Well, if given the choice of the above, I will say anything other than e-gold.

[stymiee]

Paypal is clearly the best third party provider. Someone would not use Paypal only if it wasn't available in their country.

[mixke]

Paypal as it is widely used and then comes the Moneybookers < used in the case when the country is not supported by paypal > .
Google Checkout is only for US citizen so the rankings might change when it goes wordwide ;) :)

[blue_angel]

My first preference is Paypal and second moneybookers

[juniper]

i use paypal but i just wonder about google checkout..can you give me any information or any linK?

[lpstong]

I use paypal. But I also have a stormpay account which I have never used. E-Gold I never really get enough requests to make it worth signing up for. I should. But it would be another account sitting useless like stormpay.

[clancey]

I can see that Paypal is very popular here. but I do not like it for buying or selling. All our sales are handled via InternetSecure.

[Corey Bryant]

It depends on what country you are in. In the United States, Visa thinks there are about 1,000 ISOs and MasterCard thinks there are about 2,000 employing about 10,000 sales agent. Chances are there are more than 5,000 ISOs in the United States alone and most of those have at least 5 or more agents that you would be working with.

Each ISO / MLS in the United States is required by Visa and MasterCard to notate in their footer if they are an ISO and if so, what bank they are associated with or if they are an agent, what ISO they are associated with - this is true for all United States ISOs / MLSs and their agents. When they are caught, Visa's fines are $10,000 for the first infraction, $20,000 for the second infraction within a five-year period and $50,000 for the third infraction within a five-year period. MasterCard's fine is $5,000 per incident.

With Google Checkout, they do not require a person to have a merchant account in order to process. Checkout is not a payment method; it accepts and processes existing payment methods, such as Visa and MasterCard.

Since the Google checkout is integrated with Adwords, chances are you will be spending more money than with another processor / IPSP (internet payment service provider). It acts like a gateway but there are subtle differences. Whereas most gateways do not charge a discount rate, Google charges a discount rate and a transaction fee. Other differences can include the limitations, restrictions and reserves applied to checkout accounts. There is also a monthly dollar limit that might be applied to merchants and merchants might process hundreds of dollars before funds are released. And Google might require a merchant to have a payout reserve before they receive any funds.

Since you have really only mentioned IPSP (internet payment service providers) though - it depends on what you are selling as well as your market. And of course, what you are selling. (Someone on another forum was complaining how Paypal shut down his account even though Paypal had every right to - he was selling adult items) - which is against the TOS / AUP.

This is why Paypal sometimes gets a bad rep - people under 18 open an account and then since they are kids, they complain that paypal shut them down. Read the TOS on each one and make sure you comply.

Businesses are in business to make money and they will also protect their money and their business. If you do something that is against your contract, yes - your account will be suspended or terminated. If you do not understand something, ask the company - not the forums. You won't be able to Paypal that user XX123XX on the Digital Point forum said it was OK. And email them - don't call them unless you can legally record the phone conversation.

[DrBlackSEO]

I preffer Moneybookers. they accept my country as well not like paypal

[koolasia]

isnt e-gold good for secuirty

[eddy2099]

e-gold pride itself on secrecy because anyone can just sign up with them and you do not need to verify anything. Moreover, it is good for the seller because all transactions are final. So anyone who pays through e-gold will not have any recourse and will not be able to get his money back even though the vendor does not deliver.

Thus has been known to be used as a platform to cheat because of the 'all transactions are final' clause and good for money laundering since you do not need to verify anything to open an account.

[master06]

i recommmend you paypal. But e-gold and moneybookers are really useeful payment proccessor. E-gold has low fee rate and moneybookers accept a lot of shopping sites. im using both of them.

Thanks
Mustafa

[Bondat]

Also 2checkout is becoming popular nowadays!

[Rage]

Moneybookers is best.... the only reson paypal is no1 because of eBay...

Moneybookers is best in eyes...

[koolasia]

i think i should try moneybookers does it have a payment script

[saadahmed007]

Paypal is ecellent payment processor but again support sucks.Moneybookers & Egold are also good payment processors :).
Saad

[Rezo]

Say yes to MoneyBookers!

[acuman]

I use Paypal and had no problems with them although in other posts I have heard of problems.
I only wish they had a place to add a coupon code during checkout.

[kashem]

I have been using 2checkout. just fine .those who are like me living where paypal is not working , I think 2checkout is fine for them

[forumrating]

i would say paypal, otherwise it can be wire transwer, local cheques for trade within the country.
unsure about google checkout

[mixke]

i would say paypal, otherwise it can be wire transwer, local cheques for trade within the country.
unsure about google checkout
Fees for Wire Transfers are more so unless you are going for a big transaction then paypal / moneybookers are good ;) :)

[axlarry]

I chose e-gold. I've been using it about 3 years and never got any problems. Never use PayPal as I can't use it :p....

[PalSys]

We use PayPal exclusively, have for years, with no problems at all.

[koolasia]

i cant use paypal as my country isnt there

[Forum9.com]

for ebay transaction i use paypal and for rest i prefer checkout google. low commission

[Kel]

I prefer Paypal. It seems afer to me and its more accepted online.

[koolasia]

I prefer Paypal. It seems afer to me and its more accepted online.

Thats true but risky too

[softgroups]

e-gold nobody will be able charge back ;)

However i use 2Co , because not to many people have e-gold money... and i recommend it to anybody with all my heart

[koolasia]

is moneybookers allowed in all countries

[master06]

is moneybookers allowed in all countries

no but moneybookers allow all europen countries and some other countries.

[master06]

for ebay transaction i use paypal and for rest i prefer checkout google. low commission

paypal and ebay are perfect systems together. And integrated with together. :)

[Rage]

no but moneybookers allow all europen countries and some other countries.

Plz edit...

Moneybookers is allowed WorldWide...

[koolasia]

Plz edit...

Moneybookers is allowed WorldWide...

Thats Koool

[guruvu]

Paypal is ecellent payment processor but again support sucks.Moneybookers & Egold are also good payment processors :).
Saad
Yes paypal is good but their support is terrible ...

[selectsplat]

Here's a blog entry I wrote a while back on the subject...

I see the question, over and over again. "What payment method should I use." Or, "Is PayPal the best payment method for me?". The answer sounds simple. Always. You should always use PayPal. But that answer isn’t as simple as it might sounds, because you should NOT always use PayPal by itself.

PayPal is by far, the easiest payment method currently available. You can set up a PayPal account in less than a minute. It takes a little longer to become certified, but if need be, you can accept a credit card or PayPal payment form someone with very little trouble and no paperwork. The PayPal module in osC is easy to configure and enable, and is proven to be stable (continue button neglect issues non-withstanding, but we’ll get into the IPN and Auto Return features and why they are important a little later). A PayPal account costs nothing to create, there are no monthly fees, and the per-transaction fees PayPal charges are the lowest in the industry. PayPal is the absolute best payment method available for a new ecommerce storefront owner, because you can get your store live and accepting payments, without much of an investment in time or money.

Sounds great, huh? Well, after you’ve had your store open for a week or two, consider this.

If you’ve never seen or used the traditional PayPal payment method, when the customer arrives at the Order Confirmation page of osC, summarizing their order details, and they click on the ‘confirm’ button, they are re-directed to the PayPal website. Once their, they will either log in to PayPal, create a PayPal account, or if the store owner has enables the option for customers to pay without having to create a PayPal account, they can elect that option. From there they go to the payment page of PayPal, and from there the payment confirmation page.

Ok, lets stop here for a moment to digest some of that. So far, we’ve been re-directed to a third party website to make a payment, and we’ve encountered 3 new pages to transverse at PayPal. That’s on top of the already ridiculously lengthy, 8 pages of the payment process that osC uses for a total of an 11 page checkout plus a re-direct to a third party website. Does this sound like an efficient checkout process to you? Anyone who knows anything about ecommerce will tell you that the longer your checkout is, the more customers you will lose. A checkout that is 11 pages long has got to be the longest checkout in the history of ecommerce.

Now, advocates of PayPal are going to stop you at this point, and let you know that there are over 72 million people out there that use PayPal. And that and those 72 million users will demand that they be put through the torture of an 11-page checkout for the privilege of using their PayPal account to make their purchases. But I’m here to re-assure you that not all of those 72 million users are still actively using their PayPal accounts today, as evidenced by all of the anti-PayPal websites in existence today. And even though someone uses PayPal to buy things on eBay, doesn’t always mean that they will buy a $2000 stereo from a store that offers PayPal as the only payment method.

I can tell you that there is a significant percentage of potential customers that are very loyal to PayPal. And these loyal PayPal account holders will often go out of their way (like 11 pages out of their way) to make a purchase using their PayPal account. This percentage of customers will often shop only at ecommerce stores that offer PayPal as a payment method. It is for this percentage of the online purchasing population that I recommend that you always offer PayPal.
But this percentage in no way represents even close to the majority of potential customers that will visit your store. And for the majority of customers that do not already have PayPal accounts, and that are not loyal PayPal customers, you need to offer them an alternative. 11 pages of checkout is entirely too much to ask a customer to endure. Heck, the 8 pages of osC checkout are too much to ask, but that’s a blog entry for another day.

If you are serious about your business, and you want to maximize your ecommerce storefront’s potential, the best configuration is to offer PayPal, in addition to another payment method in which the customer can enter their payment details right there, on your secure website. This offers the customers interested in using PayPal what they want, and people who prefer not standing on long DMV lines, being stuck in rush hour traffic, and 11 page checkouts what they want. The convenience to get what they want, and get the hell out of there in the shortest amount of time humanly possible.

[selectsplat]

And a follow-up...


Continuing our previous discussion regarding PayPal, we know that starting out with a new business, and a brand new website, PayPal is a great way to get the ‘doors open’ and begin accepting payments with very little time or financial investment. We know that there are a lot of people that like to use their PayPal accounts, and will also go out of their way to make online purchases only from shops that offer PayPal as a payment method.

But we also know that there are a lot of people that would prefer not to go through an 11 page checkout, or be redirected to a third part website to make payments. Knowing this, we conclude that it’s probably best if we offer customers a ‘choice’ of how to make payment.

So, the questions become, “When is the right time to add a merchant account/payment gateway to your store?, and “What merchant account and payment gateway is the best?”.

When to add a payment gateway depends on your business. Obviously, having a monthly fee increases your overhead, and your business needs to be robust enough to incur that. But a lot of people are under the misconception that a payment gateway has some sort of huge ‘set up fee’ or ‘application fee’. We wanted to find out what the best rates around were, and we found that vendors of the popular ‘Authorize.net’ payment gateway had rates that were at, or very near the best rates in the industry. You can find a pretty good list of auth.net vendors here. going through this list, we found several vendors that had no set up, activation, or application fees. And nearly all of them have rates similar to the ones we found at Mbankcard. Here’s what their fee structure looks like.

Gateway Fee: $20.00. This is a recurring monthly access fee for the secure server, that allows the secure transaction to take place. Merchant Accounts Fees: 2.25%, 29 cents per transaction and a $10.00 monthly Statement/Customer service fee.

So, that’s $30 per month, and 2.25% plus $0.29 per transaction. Compare that to PayPal’s at 2.29% (2.25% if you process more than $3000 per month) plus $0.30 per transaction with no monthly fee and you can see that the merchant account is going to cost you about $30 (minus $0.04 per transaction) more per month than PayPal.

Keep in mind that this $30 per month is going to save you some customers that would have left otherwise once they found out that they you only provided PayPal as your payment method. For example, when we started our first website, we only accepted PayPal, because like many other new web shop owners, we balked at the thought of that extra $30 per month. After several months of marketing, and constant advertising, we were able to get our new web store up to about 5 sales per day. Unfortunately, we began receiving a lot of emails from customers complaining about the checkout process, specifically about being re-directed, or about having to use PayPal to purchase. You can find a thread I made in the osC forums discussing this matter, and including excerpts from many of those emails here.

As a result, we decided to add a payment gateway to the store, to see if that would allieviate the issue. As soon as we did this, and without changing any of our marketing or advertising, our sales DOUBLED overnight. The increase was staggering, and much, much more than we would have anticipated.

To us, this was proof positive that you should always offer the customer a choice when it comes to method of payment.

[Sistah]

What is the consensus on GoogleCheckout? Any problems with the service?

[Taurian]

paypal baby!

[PinoyIto]

How about neteller, does anyone of you use their service already?

[Rage]

Try Moneybookers once....

and you'll be stick to it... its really good...

and IMO Moneybookers is the next big thing after Paypal!

[macG]

Best way to go with by looking over their price & services shortlisting few processor such as moneybookers, worldpay, chronopay, 2checkout & authorize.net etc

[stymiee]

Best way to go with by looking over their price & services shortlisting few processor such as moneybookers, worldpay, chronopay, 2checkout & authorize.net etc

Authorize.net is not a processor. They are just a payment gateway.

[koolasia]

Authorize.net is not a processor. They are just a payment gateway.

yea even 2co is the same isnt it

[Correctus]

(1) E-Gold
(2) PayPal

IT

[stymiee]

yea even 2co is the same isnt it

2checkout is a third party processor.

[Blogmaster]

I´ve had some serious probs with paypal this year.