Best free payment processor for physical products ?

Discussion in 'Payment Processing' started by gregman, Dec 15, 2010.

  1. #1
    hi,

    is there any free payment processors for physical products like iphone, cellphones...etc

    thanks
     
    gregman, Dec 15, 2010 IP
  2. Moses8595

    Moses8595 Peon

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    #2
    Nope,you must pay fees for receiving or withdrawing the money
     
    Moses8595, Dec 15, 2010 IP
  3. jestep

    jestep Prominent Member

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    #3
    Are there free payment processors for anything?
     
    jestep, Dec 16, 2010 IP
  4. Moses8595

    Moses8595 Peon

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    #4
    There's no such thing as a free lunch;)
     
    Moses8595, Dec 16, 2010 IP
  5. cyruski

    cyruski Peon

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    #5
    Definately Paypal.
     
    cyruski, Dec 24, 2010 IP
  6. VastLance

    VastLance Peon

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    #6
    What do you mean by phisycal products ?
     
    VastLance, Dec 24, 2010 IP
  7. riteshtechie

    riteshtechie Peon

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    #7
    Yes, try net banking.

    Same bank, same country
     
    riteshtechie, Dec 25, 2010 IP
  8. classiqa.com

    classiqa.com Peon

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    #8
    Dude you have to pay if you are opting for any indian payment processor company, ccavenue charges around 8k for an year some %tage on each sales. So plan accordingly
     
    classiqa.com, May 7, 2011 IP
  9. Card

    Card Well-Known Member

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    #9
    No,there are no free payment processor for physical products and ou dont get free anything in the world :)
     
    Card, May 9, 2011 IP
  10. merchantgrl

    merchantgrl Well-Known Member

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    #10
    There is no such thing as free processing for a for profit company. Would you give away your products free? Other than alternative payment solutions such as paypal, which is ideal for starter small businesses, all processors charge fees based on interchange cost plus their profit. (Interchange rates are posted on Visa & MasterCard web sites, Discover and Amex are a little different but that is a digression from the topic.)

    National average card present is about 1.89%, card not present 2.3%. But big companies drive those statistics. Small businesses should use 3% for retail swipe and 3.75% for card not present as an AVERAGE for budgeting purposes.

    To all those who write you have lower rates, I'm just giving an average EFFECTIVE rate, that is all costs divided by net sales. I NEVER handle small accounts but I do know the business to know what's real. Just pick any processor that you think will give you want you need within those parameters and be sure to check the penalty for early contract termination. Paypal is a good start because they don't have one and with paypal pro, customers don't need a paypal account.

    Christine
    3D Merchant Services
     
    merchantgrl, May 9, 2011 IP