Best payment processor for 1 dollar transactions?

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.

 

Moneybookers: I think they takes charges from payee.

E-gold: Low Fees.

 

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.

 

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.

 

PayPal Doesn't charges for personal accounts if payments funded by PayPal Balance, PayPal Instant Transfer or PayPal eCheck. Check here:

http://www.paypal.com/cgi-bin/webscr?cmd=_display-fees-outside

 

Hmm thanks. That would be a decent solution. I have a Paypal so now I just need to upgrade to premier now.

 

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.

 

But wont I be elegible for micropayments if I upgrade?

 

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."

 

egold is the best payment processor for $1 and below transactions due to its low fees

 

i suggest e-gold or moneybookers to you. E-gold has got low transcation fee.

 

E-gold is the best option for you. Very low fees

 

Thanks all. I will go with egold.