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Who Has the Cheapest Transaction Fees?

Discussion in 'Payment Processing' started by CannabisSEO, Jun 7, 2011.

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  1. #1
    I am getting ready for a large account at one of my websites and I am wondering which payment processor is the cheapest to use? Are there any ways to accept money without paying any fees, or who charges the least that can still be trusted?

    Even the cents make a difference as this will be for 1000+ transactions per month and the fees really add up and cut a lot into the profit margin which is small.

    Any help or feedback would be greatly appreciated. Thanks
     
    CannabisSEO, Jun 7, 2011 IP
  2. i_am_dhaval

    i_am_dhaval Well-Known Member

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    #2
    you need payment gateway?
     
    i_am_dhaval, Jun 7, 2011 IP
  3. Ausdrez

    Ausdrez Well-Known Member

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    #3
    Moneybookers and Liberty Reserve. Both have only 1% fees and I doubt if there is any lower fees, reputed payment processor out there.
     
    Ausdrez, Jun 7, 2011 IP
  4. i_am_dhaval

    i_am_dhaval Well-Known Member

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    #4
    is " Liberty Reserve " provide payment gatway for indian people?
     
    i_am_dhaval, Jun 7, 2011 IP
  5. Mechanical

    Mechanical Banned

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    #5
    Well, Alertpay is very cheap but they requires to CC.
     
    Mechanical, Jun 8, 2011 IP
  6. Ausdrez

    Ausdrez Well-Known Member

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    #6
    Ofcourse they do.

    I think there is some confusion there - Alertpay is the MOST costly processor out there - even costlier than paypal.
     
    Ausdrez, Jun 8, 2011 IP
  7. ibanezgrx1

    ibanezgrx1 Well-Known Member

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    #7
    MoneyBokkers is the cheapest. Alertpay is the most expensive and useless one.
     
    ibanezgrx1, Jun 8, 2011 IP
  8. Card

    Card Well-Known Member

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    #8
    According to me,Paypal,Moneybookers and Liberty Reserve are payment processors who have low transaction fees :)
     
    Card, Jun 9, 2011 IP
  9. nitinleew

    nitinleew Well-Known Member

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    #9
    As far as i know,Moneybookers charges more than PayPal.
     
    nitinleew, Jun 9, 2011 IP
  10. Ausdrez

    Ausdrez Well-Known Member

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    #10
    Nope. They are in fact one of the cheapest.

    If we have to arrange them according to fees it will go like this:

    1. Moneybookers and Liberty Reserve (Both have only 1% fees)
    2. Paypal
    3. Alertpay (Highest fees for most of the actions).
     
    Ausdrez, Jun 9, 2011 IP
  11. tastesgreat

    tastesgreat Peon

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    #11
    good thread but can someone post more choices please
     
    tastesgreat, Jun 9, 2011 IP
  12. asmazergui

    asmazergui Member

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    #12
    i think moneybookers is the cheaper
     
    asmazergui, Jun 9, 2011 IP
  13. -BoodyE-

    -BoodyE- Peon

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    #13
    LR is the cheapest and safest. Use it.
     
    -BoodyE-, Jun 12, 2011 IP
  14. jestep

    jestep Prominent Member

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    #14
    Moneybookers can't be used by US customers. Not really an option for most.

    There's nothing free. Lowest cost is going to be Paypal or a good merchant account / payment gateway.
     
    jestep, Jun 14, 2011 IP
  15. dhe.phantom

    dhe.phantom Peon

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    #15
    i agree with you sir..:D
     
    dhe.phantom, Jun 21, 2011 IP
  16. Gabor

    Gabor Peon

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    #16
    I refer PayPal and Moneybookers in this regard. Cheap and most reliable ones.

    Thanks
     
    Gabor, Jun 22, 2011 IP
  17. AdsMakeSense

    AdsMakeSense Active Member

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    #17
    LibertyReserve however, there is a hidden cost when you want to withdraw money out.
    You go through exchanger, and get your money and get deducted a fee (5-8%) and also risk exchanger bailing out.
    Then possible get charged another transaction fee after you recieve your money at another payment processor.
     
    AdsMakeSense, Jun 22, 2011 IP
  18. SAGILIO

    SAGILIO Member

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    #18
    Lr has cheap fees from others ...
     
    SAGILIO, Jun 22, 2011 IP
  19. tarungarg.seo

    tarungarg.seo Peon

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    #19
    paypal will be the best.... rest depend upon the volume of transactions and the amount per transaction as paypal charges are fixed for each transaction. where Moneybookers and Liberty Reserve charges 1% for a transaction, if the amount will be large then it will cost you more as compared to paypal.

    So paypal i think is the best.

    Thanks!!!
     
    tarungarg.seo, Jun 22, 2011 IP