Merchant Services - what is your opinion !

Discussion in 'Payment Processing' started by Mr Crow, Nov 20, 2006.

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  1. #1
    I wonder if there is any simple, easy to setup, no credit check payment processors where it just gets wired into your bank account ... unlike paypal

    Something that the customer doesnt have to join to buy from the website.. they can just add their credit card information and billing info and click buy now
     
    Mr Crow, Nov 20, 2006 IP
  2. Scheme

    Scheme Guest

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    #2
    There is one, Google checkout.
     
    Scheme, Nov 20, 2006 IP
  3. saadahmed007

    saadahmed007 Admínistratör

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    #3
    You can purchase such merchant account from authorize.net resellers..:)
    Saad
     
    saadahmed007, Nov 21, 2006 IP
  4. digama

    digama Peon

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    #4
    i don't think so better to check in google
     
    digama, Nov 21, 2006 IP
  5. stymiee

    stymiee Peon

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    #5
    No you can't. Authnet resellers offer true merchant accounts and all of them require a credit check.
     
    stymiee, Nov 21, 2006 IP
  6. Corey Bryant

    Corey Bryant Texan at Heart

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    #6
    If you are doing less than $30,000 a month based in the United States, most processors will support you. A credit check is done but processors understand that most people run their business differently than their personal life. Unless you have a pretty low score or a lot of derogatory remarks, you have a good chance.

    Of course, it all depends on where you are, etc
     
    Corey Bryant, Nov 22, 2006 IP
  7. Mr Crow

    Mr Crow Peon

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    #7
    Thanks Everyone, is Google really that good? I have not been doing alot of online stuff lately - just been working on my offline business - I am going to check Google Pay out
     
    Mr Crow, Nov 23, 2006 IP
  8. Corey Bryant

    Corey Bryant Texan at Heart

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    #8
    Google Checkout doesn't require a person to have a merchant account in order to process. Checkout is not a payment method; it accepts and processes existing payment methods, such as Visa and MasterCard.

    Since the Google checkout is integrated with Adwords, chances are you will be spending more money than with another processor / IPSP (internet payment service provider). It acts like a gateway but there are subtle differences. Whereas most gateways do not charge a discount rate, Google charges a discount rate and a transaction fee. Other differences can include the limitations, restrictions and reserves applied to checkout accounts. There is also a monthly dollar limit that might be applied to merchants and merchants might process hundreds of dollars before funds are released. And Google might require a merchant to have a payout reserve before they receive any funds.
     
    Corey Bryant, Nov 24, 2006 IP
  9. Mr Crow

    Mr Crow Peon

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    #9
    Ouch , that seems very costly and one may have to wait a good bit before being able to draw from.

    Also like adsense, it seems google has carried through with their hoops that people have to jump though hoops and stuff...

    I havent had such good luck contacting Google for adsense issues so after reading this I think I will pass on their payment processing

    Thanks Man
     
    Mr Crow, Nov 26, 2006 IP