What is the cheapest ecommerce/online payment service?
bubbaboosmama asked:
I am looking for a merchant service/payment gateway for my business website.
The cheapest I have found is $99 upfront, 20 per month for the service, 10 extra for recurring billing per month and 5 extra per month for an alert if a pperson tries to use different cards (fraud)
I am looking for a merchant service/payment gateway for my business website.
The cheapest I have found is $99 upfront, 20 per month for the service, 10 extra for recurring billing per month and 5 extra per month for an alert if a pperson tries to use different cards (fraud)
I am looking for the safest but cheapest so please help
per transaction charges are 25 cents Visa/Mastercard
Paypals rates are higher
That is about the lowest price I’ve found as well. Also consider a per transaction charge and any other fees when you compare rates. I have done research on this, and Paypal does have some of the lowest fees, and can be used on an e-commerce site.
Assuming that monthly cost includes the merchant account the costs you have been quoted are excellent and I would be surprised if someone could beat them. The only area I can see any possible room for improvement is in the setup fee. If you can get that reduced you will be in great shape.
In general, when you add up all of the costs, Paypal usually works out to be the cheapest. But this doesn’t necessarily mean the best. With costs like yours you may find it to be comparable to Paypal and this is more advantageous for you. Using a true merchant account with a payment gateway offers you a lot of flexibility and more control. Your site will look more professional and you won’t have to worry about Paypal policies. As long as you keep your chargebacks to a minimum your processor will probably never bother you.
eMerchantPay has pretty low rates. The thing I like about them is that they don’t charge upfront fees or monthly fees. You only get charged for the service you actually use.