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?
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.
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.
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.
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.
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.
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..
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.
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
You can't send money from plimus to paypal but your receive your money in their branded prepaid mastercard
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 .
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.