Need help finding a 3rd party credit card processor?
September 25th, 2008 at 08:48pm Under General
Getting 3rd party credit card processing is one of the most important things you will be required to do for your commercial web site. if you lack a merchant acct you will be unable to take sales successfully which will critically get in the way of your business growth.
If you desire take credit card orders rapidly and successfully on the Net you will need to select a 3rd party credit card processor. There are a number of choices for you to think about. Most will charge a start up fee and a percentage of each transaction. Unlike common merchant accounts, most third partycredit card processors do not charge monthly fees and some can be cost nothing apart from the per-transaction cost. Here’s a site listing third party processors. Let us scrutinize a few frequently used ones:
Paypal is one of the most common 3rd party processors. One of the causes for this is the fact that they do not charge a start up fee. It is also straightforward to place on your website. paypal gives good tutorials for this and will also offer subscription and shopping cart alternatives for your buyers. It is commonly used but is also has problems. There are restrictions on certain territories with pay pal. This processor is good to initially start with but try to have an alternative one as backup for your customers
Worldpay has a small start up rate but it is good for worldwide companies. It offers the same services as pay pal.
Another option to third party creditcard processing is to obtain a full blown merchant acct and take card payment in your company name. This will take longer and could involve different fees for example monthly account charges. Making the decision as to whether or not to get a full merchant card processing account or use a third party solution is just a question of working out which would cost more money.
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