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Any benefit from accepting credit cards

Discussion in 'Directories' started by enQuira, Apr 30, 2008.

  1. #1
    Do you see any benefit for directories to accept credit cards directly not through paypal or other payment processors?
    1 benefit is lower processing fees (~2% compared to ~5%).
    SEMrush
     
    enQuira, Apr 30, 2008 IP
    SEMrush
  2. MeetHere

    MeetHere Prominent Member

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    #2
    Ofcourse more submissions coz of more payment options for those who dont have paypal/mb access.
     
    MeetHere, Apr 30, 2008 IP
  3. pipes

    pipes Prominent Member

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    #3
    For that you need a merchant account or something though dont you? will the charge for that mean no saving on processing fees?

    I think most submitters still plump for paypal.

    I have 5 payment options including 2CO on one dir but paypal is always the choice.

    Then you will need to buy a SSL certificate too i guess?
     
    pipes, Apr 30, 2008 IP
    wisdomtool likes this.
  4. enQuira

    enQuira Peon

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    #4
    even those who don't have paypal account can use their cards through paypal, right? I guess most of them will choose this instead of giving out their card info to the merchant.
    the merchant account/gateway fees are around $30 a month. but if you already have them then you won't pay other fees for another website using the same payment page (in the same secured area).
     
    enQuira, Apr 30, 2008 IP
  5. pipes

    pipes Prominent Member

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    #5
    I think so.

    Seems costly if it doesn't get covered by profit or used often enough.
     
    pipes, Apr 30, 2008 IP
  6. balkanboy

    balkanboy Banned

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    #6
    Paypal is not supported in all countries and some people can pay directly by credit cards only.

    Not really. 2checkout is $50 one time fee to set up and you can accept credit cards and paypal trough it.

    Hope this helps.
    Marko
     
    balkanboy, Apr 30, 2008 IP
  7. enQuira

    enQuira Peon

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    #7
    I use 2checkout for 1 site, I hate their sales/vendors reports. I find it very hard to check sales and payments especially for recurrent payments. plus the time they take to verify a sale. For that one I will sure switch to the merchant account. I am sure 2co can useful in other circumstances.
     
    enQuira, Apr 30, 2008 IP
  8. loredan

    loredan Well-Known Member

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    #8

    I do agree with Pipes. You will need to pay a monthly amount on processing the fees plus an instalation fee and a percentage from every transaction, I think.

    I very much doubt people will give their card details to many web directories on the net. Paypal is known worldwide, trusted, and even if the submiter doesn't have a paypal account they still can pay.

    I'd guess the difference between the processing fees and paypal fees is not that big, is it?
     
    loredan, Apr 30, 2008 IP
  9. Rod_Purnell

    Rod_Purnell Peon

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    #9
    I have both PP and 2CO, as a rule most opt for 2CO... You got me?
     
    Rod_Purnell, Apr 30, 2008 IP
  10. enQuira

    enQuira Peon

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    #10
    Yes I guess that's the biggest concern for small web directories.
    2co or paypal may depend on the nature of the site and the customers, pipes reported that pp is the first choice and Rod said most opt for 2co.
     
    enQuira, Apr 30, 2008 IP
  11. pipes

    pipes Prominent Member

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    #11
    True, i think not much difference.
     
    pipes, Apr 30, 2008 IP
  12. richrf

    richrf Active Member

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    #12
    I avoid PayPal since they will not intervene upon my behalf. They have set up their terms to really limit the rights of the credit card holder. I want to deal exclusively with my credit card company. I have pretty much stopped using PayPal, and avoid situations where I am forced to do so.

    Rich
     
    richrf, Apr 30, 2008 IP
  13. pipes

    pipes Prominent Member

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    #13
    Maybe google checkout will become a more popular choice in the future.

    Added Text: At googles rate with their world domination agenda i think it will come compulsory.:)
     
    pipes, Apr 30, 2008 IP
  14. loredan

    loredan Well-Known Member

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    #14
    Haha...anything coming from Google is compulsory, isn't it? :)
     
    loredan, Apr 30, 2008 IP
  15. pipes

    pipes Prominent Member

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    #15
    It feels that way, we are free to do as they tell us. :)
     
    pipes, Apr 30, 2008 IP
  16. WallaceYeung

    WallaceYeung Notable Member

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    #16

    i doubt who would have no paypal if they would pay for web directory listing.
     
    WallaceYeung, Apr 30, 2008 IP