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Who gives best merchant rates for credit card processing?

Discussion in 'Payment Processing' started by acclaim, Jan 6, 2007.

  1. #1
    I am seeking for suggestions on who gives best merchant rates for credit card processing online. Any one has experience with international credit card processing -- who has the best rates. I've looked at Card Service International, PayPal, best I could get for US 2.3% +/- many fees. Any suggestions?
    SEMrush
     
    acclaim, Jan 6, 2007 IP
    SEMrush
  2. khasmoth

    khasmoth Well-Known Member

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    #2
    Still Paypal IMO
     
    khasmoth, Jan 6, 2007 IP
  3. Amoy

    Amoy Active Member

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    #3
    Amoy, Jan 8, 2007 IP
  4. yaffer

    yaffer Active Member

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    #4
    google checkout isn't charging any fees for the next year. i don't think you can beat that.
     
    yaffer, Jan 8, 2007 IP
  5. acclaim

    acclaim Peon

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    #5
    Thanks a lot for your suggestions. How is google checkout working out for you?
     
    acclaim, Jan 8, 2007 IP
  6. softwareprojects

    softwareprojects Active Member

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    #6
    GC has too many issues, specifically when it comes to tracking conversions

    I would recommend staying away from GC until they mature.

    You can get a merchant account at 2.47% or PayPal one.

    Don't focus too much on whether it's 2.47% or 2.3% or 2.2% at this point. Focus on a provider that can scale well and offers 24/7 service.

    The top ones are CSI (Card Service International) First Data and HSBC

    PM me if you'd like a link for a free merchant account setup
     
    softwareprojects, Jan 8, 2007 IP
  7. debunked

    debunked Prominent Member

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    #7
    Costco even has descent rates through nova if I am not mistaken.

    Your credit worthiness will affect how easy or who will accept you.
     
    debunked, Jan 8, 2007 IP
  8. stymiee

    stymiee Peon

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    #8
    Check out this article over at SitePoint: Solve the Payment Processing Problem. It compares providers and has a built in calculator to help you figure out which is the best for your business.
     
    stymiee, Jan 8, 2007 IP
  9. yepya.com

    yepya.com Peon

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    #9
    I wonder two things about CSI.

    1. Does it support International accounts? (In the "Send Me Information" page only US address can be entered :confused: )

    2. Does it have multilanguage support for the credit card processing pages?

    Thx
     
    yepya.com, Jan 9, 2007 IP
  10. iBoy

    iBoy Well-Known Member

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    #10
    2CO is also good and reliable
     
    iBoy, Jan 9, 2007 IP
  11. etechsupport

    etechsupport Peon

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    #11
    etechsupport, Jan 10, 2007 IP
  12. stymiee

    stymiee Peon

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    #12
    That would be a product of the gateway. If you use the API of any gateway you have full control over the page and can have it be in any language you'd like.
     
    stymiee, Jan 10, 2007 IP
  13. Corey Bryant

    Corey Bryant Texan at Heart

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    #13
    The top ISOs in the United States are Chase / Paymentech. They are owned by First Data - which is also owned by First Data. Talking to any of the agents - you are liable to get almost any rate - from 2.09% - 2.44% usually.

    There are some smaller ISOs as well like www.cdgcommerce.com that might be better suited as well for you.
     
    Corey Bryant, Jan 10, 2007 IP
  14. Jelf

    Jelf Banned

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    #14
    for online ebay
    offline shops termnetmw.com
     
    Jelf, Jan 10, 2007 IP
  15. koolasia

    koolasia Banned

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    #15
    oh really that will be gr8
     
    koolasia, Jan 10, 2007 IP
  16. stymiee

    stymiee Peon

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    #16
    But considering they don't charge a monthly fee makes them almost always cost less then a true merchant account with a gateway. You can see this clearly demonstrated in this article.
     
    stymiee, Jan 16, 2007 IP
  17. HumanIngenuity

    HumanIngenuity Peon

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    #17


    Even after the yr, they only charge 2% and .20 per transaction. still cannot beat that.
     
    HumanIngenuity, Jan 19, 2007 IP
  18. Mia

    Mia R.I.P. STEVE JOBS

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    #18
    They are all about the same, and are in the business of sucking blood from a turnip. AMEX is the worst. Merchant always loses when it comes to charge backs, yet the cc merchant keeps the commission.

    That said, we use Authorize.Net. We used to use viaklix/Nova through our bank and they were bastards! Horrible system.
     
    Mia, Jan 19, 2007 IP
  19. stymiee

    stymiee Peon

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    #19
    Actually Amex is more forgiving then Visa and MsterCard. With them, unless you swiped the card through a credit card terminal or software you lose every time. With Amex you can still win if you have a signed contract from the customer confirming the sale was legit and successful.

    Which part, Authorize.Net or Nova? I've found both to be very good.
     
    stymiee, Jan 20, 2007 IP
  20. Mia

    Mia R.I.P. STEVE JOBS

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    #20
    How many people in our business have a card to swipe, much less see the actual customer? 99.9% of all online transactions tend to lean towards the consumer. AMEX's fees are some of the highest out there.


    ViaKlix
     
    Mia, Jan 20, 2007 IP