For larger payments?

Discussion in 'Payment Processing' started by Kagato, Feb 6, 2008.

  1. #1
    If you was selling ads for $100+ or even $1000+ what payment system would you use?

    I know PayPal is the most popular but the fee's can get quite high when dealing with larger amounts of money.
     
    Kagato, Feb 6, 2008 IP
  2. Richie_Ni

    Richie_Ni Illustrious Member

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    #2
    paypal seems to be the best processor there...I use wire transfer when it's $3000+
     
    Richie_Ni, Feb 6, 2008 IP
  3. 28081981

    28081981 Well-Known Member

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    #3
    if u want lis :

    moneybookers
    e-gold
    alertpay
    libertyreserve

    and many more....

    if u r getting ads in 100 n 1000 a per deal, then u shouldn't worry too much abt the paypal fees :D

    cheers!
     
    28081981, Feb 6, 2008 IP
  4. flaco

    flaco Peon

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    #4
    What you COULD do is have your advertisers deposit the money into a PayPal account, and then pay PayPal to PayPal to save on the fees. :)
     
    flaco, Feb 6, 2008 IP
  5. mixke

    mixke Prominent Member

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    #5
    But it is secure too !!
     
    mixke, Feb 6, 2008 IP
  6. Whitey

    Whitey Active Member

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    #6
    Paypal is probably best for anything below $3000 mate. Anything above that and it's wire transfer.
     
    Whitey, Feb 6, 2008 IP
  7. cobracrk

    cobracrk Banned

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    #7
    What would you recomand for 20.000+ ?
     
    cobracrk, Feb 6, 2008 IP
  8. redwebs

    redwebs Peon

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    #8
    paypal is mine choice :)
     
    redwebs, Feb 6, 2008 IP
  9. microsites

    microsites Peon

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    #9
    dont use paypal above 600$ .. your a/c will get limited automatically
     
    microsites, Feb 6, 2008 IP
  10. jestep

    jestep Prominent Member

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    #10
    There are direct merchant accounts setup for high ticket sales. These are typically used by governemnt contracters and other service industries where customers still want to pay with a credit card.

    Rates typically are around 1% but there is a high transaction fee.

    Instead of the typical ~2.3% and $.30 / transaction, it runs more like ~1% and $30 / transaction.

    For a $20,000 transaction:
    Standard: 2.3% + $.30 = $460.30
    High ticket: $230
     
    jestep, Feb 6, 2008 IP
  11. olddocks

    olddocks Notable Member

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    #11
    Anything above $500 its best to use international wire transfer (SWIFT). If you are in europe you can use IBAN. I would be very careful with PP for sending/receiving anymoney more than $1000.

    Further, foreign wire transfer costs $20 @ maximum. If you are in EU and using IBAN its free of charge. I would be happy to pay extra fee for peace of mind.
     
    olddocks, Feb 6, 2008 IP
  12. Huo_Yang

    Huo_Yang Peon

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    #12
    For that amount, i would always insist that they pay via bank 'wire-transfer' only (for security reasons). If they are willing/able to pay you that kind of money, there shouldn't be any reasons (like: fees, complicated procedure ect.) for them to not accepting to pay via wire-transfer.
     
    Huo_Yang, Feb 6, 2008 IP