That's right, I want an alternative to PayPal. Not that PayPal isn't good, but let's face it, those fees, they are huge; at least, when selling things of a small price. And even if you sell big things, those fees add up. So, what is an alternative to PayPal that can take credit cards with little or no fees? Can 2CO take straight-up credit card payments? Anyways, thanks for the future help.
You can use Egold (hard to fund and not much people like to use it for Payments etc). Moneybookers is also an alternative which is proving to be a good payment processor. Though they just asked me to unlock my account by funds from Bank Moneybookers is really cool. Go for it.
Do people need a Moneybookers account to send CC payments to it? E-Gold sucks, I hate it, and will never use it, ever. More info on moneybookers though, if it fits the above question.
Well, Paypal offers the lowest cost for any online payment processor around. Paypal charges between 1.9% to 2.9% + $0.30 ( http://www.paypal.com/cgi-bin/webscr?cmd=_display-fees-outside ) per transaction. 2Checkout charges 5.5% + $0.45 ( http://www.2checkout.com/rates.htm ) per transaction. Moneybookers charges 8% ( http://www.moneybookers.com/app/help.pl?s=m_fees ) per transaction for credit card purchases. Because of the charges from the credit card banks, it is difficult to go much lower. Paypal fees are lower than the industrial credit card fees.
If you make your account part of PayPal's money market fund, the interest you earn each month should basically cover the fees you have to pay.
Oh, I didn't realize the fees were low for everyone else as well. And of course I am a part of money market, I mean, free money. Who isn't a part of it? Well, thanks for the help, and it's good to know PayPal has the lowest fees around!
Users can signup a moneybookers account, and add fund to their account at 1.9% rate. Even seller will pay for that, it's still lower than Paypal or 2CO, is that correct?
Google Checkout has no fees until the end of 2007. http://checkout.google.com US merchants only but it has a longer list of buyer countries than PayPal.
Well, if you fund the account then yes, you pay the rate of 1.9% to fund it or whatever rate for your specific country. If you then use this fund to pay from moneybookers to moneybookers account, you will need to pay the additional 1% for sending funds. That is for the email pay. For payments using the standard means then the merchant fees would be 2% for existing moneybookers fund or 8% through credit card with chargeback protection.
You may wish to look few more processors to get an idea especially about their prices such as 2CO, Protx, ChronoPay, Barclay, nochex etc.
It might be superficial to think, but cann't people at DP create a payment system. Initially only free bank account processing(get and put money) and credit card processing from Paypal... Or am I thinking too much.
I'm getting mixed ideas. I need more information on moneybookers. To send a CC payment to a moneybooker account, the payer doesn't need a moneybooker account, right? And what is the fee for receiving a CC payment? Is it 8% or 1-2%?
I tried some of the sites features on Moneybookers and apparently, the payer does not need to be an existing moneybooker account holder but they will be one when they pay you. If they are paying you with existing funds from their account, the payer pays 1% fees and you pay nothing if they use the email pay method. If you have a shopping cart, the payer does not pay any fees and you pay 2% fees if they use their existing balance or 8% if they pay through their credit card. This chart should clarify it http://www.moneybookers.com/app/help.pl?s=m_fees
Yup! For this time, Paypal is better then the other if you look at the fee. But, if you want the better service you should choose 2co or WorldPay.