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Best payment processor for 1 dollar transactions?

Discussion in 'Payment Processing' started by Sullmoney, Oct 28, 2006.

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  1. #1
    If I am selling a service or product for $1, what payment processor should I use? I dont want to lose all my profits in processing fees. Does anyone have any ideas? Thank you.
     
    Sullmoney, Oct 28, 2006 IP
  2. YIAM

    YIAM Notable Member

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    #2
    Moneybookers: I think they takes charges from payee.

    E-gold: Low Fees.
     
    YIAM, Oct 28, 2006 IP
  3. Sullmoney

    Sullmoney Well-Known Member

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    #3
    Thanks I will check them out. Im pretty sure Paypal has a 30 cent base fee for incoming transactions so I certainly dont want that.
     
    Sullmoney, Oct 28, 2006 IP
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  4. Corey Bryant

    Corey Bryant Texan at Heart

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    #4
    You might check out Paypal. Check out What are micropayments. They have a set-up for them.

    If feasible - consider trying to offer a discount for multiple products.
     
    Corey Bryant, Oct 28, 2006 IP
  5. YIAM

    YIAM Notable Member

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    #5
    YIAM, Oct 28, 2006 IP
  6. Sullmoney

    Sullmoney Well-Known Member

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    #6
    Hmm thanks. That would be a decent solution. I have a Paypal so now I just need to upgrade to premier now.
     
    Sullmoney, Oct 28, 2006 IP
  7. YIAM

    YIAM Notable Member

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    #7
    Premier Accounts are charged by $0.30 + 1.9% to 2.9% USD. Not good for $1 product. You will get only 0.67$. So, upgrading to premier account will not help you.
     
    YIAM, Oct 28, 2006 IP
  8. Sullmoney

    Sullmoney Well-Known Member

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    #8
    But wont I be elegible for micropayments if I upgrade?
     
    Sullmoney, Oct 28, 2006 IP
  9. YIAM

    YIAM Notable Member

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    #9
    If you are not form UK/US/EU then you will not be elegible for micropayments.

    "Micropayments are currently available to merchants with Verified Business/Premier accounts who receive U.S. to U.S. transactions, U.K. to U.K. transactions or EU to EU transactions."
     
    YIAM, Oct 28, 2006 IP
  10. cool_78

    cool_78 Guest

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    #10
    egold is the best payment processor for $1 and below transactions due to its low fees
     
    cool_78, Oct 28, 2006 IP
  11. master06

    master06 Peon

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    #11
    i suggest e-gold or moneybookers to you. E-gold has got low transcation fee.
     
    master06, Oct 28, 2006 IP
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  12. Disguised

    Disguised Notable Member

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    #12
    E-gold is the best option for you. Very low fees
     
    Disguised, Oct 28, 2006 IP
  13. Sullmoney

    Sullmoney Well-Known Member

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    #13
    Thanks all. I will go with egold.
     
    Sullmoney, Oct 28, 2006 IP