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Is it advisable to charge customers $1 / month?

Discussion in 'Payment Processing' started by TheDataPlanet.com, Apr 17, 2015.

  1. #1
    I have always been using PayPal as my payment solution which charges an arm and a leg for a $1 / month subscription, nearly a half, $0.44 will be counted as the fee for each payment (I'm not a US merchant).

    I guess the only option left for me is my own credit card payment gateway? But I've never used one before so I'm not sure of the fees. Can anyone share some experience on this?

    Would it be advisable to charge my customers a $1 / month subscription via credit card? What's fee per payment? Or is it more advisable to charge $12 / year?
     
    TheDataPlanet.com, Apr 17, 2015 IP
  2. fionix

    fionix Well-Known Member

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    #2
    You need something to take micropayments if you want to do it that way. What I have seen in the past some merchants doing is to sell creditd / units of 10. Means even if 1 product / service costs only $1 then you have to buy 10 credits = $10 - you are getting difficult yo find any solution that will pay for $1 transactions.
     
    fionix, Apr 19, 2015 IP
  3. ezfile

    ezfile Greenhorn Affiliate Manager

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    #3
    Use Bitcoin no fees...

    $12/year sounds like a more reasonable option
     
    ezfile, Apr 20, 2015 IP
  4. Nick PPC.BUZZ

    Nick PPC.BUZZ Greenhorn

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    #4
    You can give a choice to your customers: either $3 every 3 months or $6 every 6 months or a single payment of $12. $1 payments are not a good idea, regardless of the payment processor.
     
    Nick PPC.BUZZ, Apr 24, 2015 IP
  5. TheDataPlanet.com

    TheDataPlanet.com Well-Known Member

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    #5
    Thank you all for the ideas. I think I will take them.
     
    TheDataPlanet.com, Apr 25, 2015 IP
  6. Wallcy

    Wallcy Peon

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    #6
    Your own CC gateway will produce even higher costs. Depending on what business/area you're in they will charge upwards of 10% on each processing + when it goes through. Paypal would be the easiest and quickest option. However, 1 dollar a month sub sounds bizarre.
     
    Wallcy, Apr 25, 2015 IP
  7. SAGILIO

    SAGILIO Member

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    #7
    bro use bitcoins its free and no charge there plus non reversible .
     
    SAGILIO, May 14, 2015 IP