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plenty of payment processors

Discussion in 'Payment Processing' started by bryfry9000, Dec 7, 2008.

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  1. #1
    how many of you use more than enough payment processors. For example I use 2 paypal and alertpay. (use to be 3 with SPS). Is there a benefit of using plenty of payment processors?
     
    bryfry9000, Dec 7, 2008 IP
  2. wisdomtool

    wisdomtool Moderator Staff

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    #2
    Well, if you are into online business and if one of the payment processors suspend you for one reason or another, it helps if you have more than one processor so as to continue your business rather than be disrupted. It always pays to have some sort of redundancy or contingency planning.
     
    wisdomtool, Dec 7, 2008 IP
  3. sampathsl

    sampathsl Guest

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    #3
    Yes although majority use paypal, lot of people use MoneyBookers, AltertPay etc so if you have a different payment processor you can deal with all of theme.
     
    sampathsl, Dec 7, 2008 IP
  4. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #4
    It depends on your business and other payment processors using by your clients.

    For me using Paypal mostly and less moneybookers due to my clients always want to pay through paypal.

    Having multiple payment processors is not a problem.

    DON.
     
    deluxdon, Dec 7, 2008 IP
  5. pc_user

    pc_user Notable Member

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    #5
    Paypal isn't "technically" a payment processor, they are a third party biller.

    Yes, there is a lot but paypal accounts for 99% of the marketplace.

    It doesn't really hurt to have more than 1 third party biller so yeah, keep a few on hand.
     
    pc_user, Dec 7, 2008 IP
  6. Clive

    Clive Web Developer

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    #6
    There is, clearly.

    To get you a picture, imagine yourself doing Paypal considering potential customers who prefer to stay away from it. I also do Google Checkout which is cheaper and easier to handle but there are people who would rather pay with Paypal instead. And I do 2Checkout for those who wish to pay via Credit Card and don't feel comfortable with any of the other payment methods I have to offer.

    The more options you support, the more chances of earning yourself new customers.
     
    Clive, Dec 8, 2008 IP
  7. World_Peace

    World_Peace Well-Known Member

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    #7
    Well, i personally i think that one need to have account on every payment processor. This is because there are chances of getting more clients/customers on this basis. Though the fact you persoanlly use just a limited number of processors..
     
    World_Peace, Dec 8, 2008 IP
  8. RovingCalypso

    RovingCalypso Well-Known Member

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    #8
    Moneybookers and a friends paypal as paypal isn't available in my country.

    I wish all the people shift to paypal alternatives as their monopoly hurts alot of online bussinessmen.
     
    RovingCalypso, Dec 8, 2008 IP
    phyza likes this.
  9. phyza

    phyza Well-Known Member

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    #9
    Moneybookers and friend's paypal as well :)
     
    phyza, Dec 8, 2008 IP
    RovingCalypso likes this.
  10. expiringdomains

    expiringdomains Peon

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    #10
    I use moneybookers.com and www.plimus.com (here I can receive money through paypal as paypal doesnot operate in my country and credit card )


    Regards


    Expiring Domains
     
    expiringdomains, Dec 8, 2008 IP
  11. RovingCalypso

    RovingCalypso Well-Known Member

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    #11
    Can you send money from plimus to paypal????
     
    RovingCalypso, Dec 8, 2008 IP
  12. Mohamed_Mnafeg

    Mohamed_Mnafeg Greenhorn

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    #12
    You can't send money from plimus to paypal but your receive your money in their branded prepaid mastercard
     
    Mohamed_Mnafeg, Dec 8, 2008 IP
  13. visavavit

    visavavit Peon

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    #13
    I used Perfectmoney , LibertyReserve , Alertpay
    Paypal , MoneyBookers , E-gold[In the past] .
    ------------------------------------
    because my merchants may have one of them .. and I've to exchange it later .
     
    visavavit, Dec 9, 2008 IP
  14. RovingCalypso

    RovingCalypso Well-Known Member

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    #14
    I think its about time these online payment processors should start accepting transfers from other payment processors as they are almost exactly like the offline counterparts, that is the banks.
     
    RovingCalypso, Dec 9, 2008 IP
  15. xSnGx

    xSnGx Active Member

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    #15
    I personally like Moneybooker instead of Paypal. I never got a chargeback once from Moneybooker =D
     
    xSnGx, Dec 9, 2008 IP
  16. vk_2006

    vk_2006 Peon

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    #16
    hey Paypal isn't "technically" a payment processor, they are a third party biller.
     
    vk_2006, Dec 10, 2008 IP