Stop using paypal-control your own money with a merchant account

 

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Let me start out by saying that I used to make close to 3000 a ...
  1. #1
    BLACKnHWITE is offline Registered Member
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    Default Stop using paypal-control your own money with a merchant account

    Let me start out by saying that I used to make close to 3000 a week selling "Chinese sneakers" on Ebay. This would have never been possible if I did no sell using a merchant account.

    I see so many posts on here and other forums where people are complaining about there money frozen in Paypal or "how can I bypass this 21 day hold BS?" The answer is simple, get yourself a merchant account! I am starting this thread with the intention of answering any and all ?s about merchant accounts. There is no reason why anyone should be using a PP account to sell on Ebay. THERE IS ABSOLUTELY NO ADVANTAGE TO USING PP OVER A MERCHANT ACCOUNT, not to mention PP will usually end up getting you suspended and keeping your money!

    Back in the pre 11/07 days I would have 8 Ebay accounts running at once. If an account ever got bumped off because of VERO I would open a new account and be selling the next day!

    Obviously things are a bit more difficult now as you are required to link your PP account and offer it as an accepted payment method. UNLESS...you have a merchant account that has been verified by ebay.

    If your ebay account is registered under your real name, ther is no reason that you should not get a merchant account and use it instead of PP. All you need to do is fax in a statement and ebay will let you integrate your merchant account directly into their payflow. Even though the merchant accoutn will be integrated into their payflow-they will never have access to your money. Most merchant accounts automatically deposit your funds within 48 hours.

    Now I know some of you are saying, well i have already been suspended by ebay numerous times. The answer for these people is simple-get an LLC, get a merchant account for the LLC, and then register an ebay acount using the LLC name. You can get file your LLC paper sonline in most states and usually will be set up within the week.

    Being approved for a merchant account is MUCH easier than most people believe. Even if you are selling questionable products, there are tons of little tricks you can use to get a approved by these guys.

    The merchant services industry is EXTREMELY competitive and unless you have some serious judgements on your credit report or have had a merchant account terminated before, you will most likely be approved by somebody becasue there are so many companies fighting for your business.

    I used to work for a merchant account provider so I know exactly what to say, and sometimes more importantly, what not to say on your merchant account applications. I will constantly monitor this thread to answer any and all questions my fellow BHW members my have about anything relating to merchant accounts. I can also point you in the right direction and ensure that you get the best possible rate. STOP GIVING PP YOUR MONEY GET A MERCHANT ACCOUNT!

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    asprind is online now Junior Member
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    Default Re: Stop using paypal-control your own money with a merchant account

    Hey, great thread!

    I was wondering if there are merchant account providers that will let me signup with my business (corporate) info only, without me providing additional personal details such as SSN, DL etc.

    Also I recently got a merchant account through Paypal, it's called Website Payments Pro and it also comes with virtual terminal too and works under Business Paypal account. Is this is any better than regular Paypal account in terms of sudden 'freezing' of the funds and other Paypal crap?

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    akfirsttry is offline Newbies
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    Default Re: Stop using paypal-control your own money with a merchant account

    can you suggest any merchant accounts?

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    Default Re: Stop using paypal-control your own money with a merchant account

    Quote Originally Posted by akfirsttry View Post
    can you suggest any merchant accounts?
    I would also be interested in some recommended providers as well as fee comparison and qualifications.
    Thanks

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    Default Re: Stop using paypal-control your own money with a merchant account

    All merchant providers I have seen had huge start-up fees.
    You had to pay a lot of money (often multiple thousand $) as "setup" cost.
    And the fee for each transaction is also higher than paypals.

    If you know a professional merchant service that can really compete (in terms of cost) with paypal I'd be very interested.

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    elchichita is offline Newbies
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    Default Re: Stop using paypal-control your own money with a merchant account

    Quote Originally Posted by justone View Post
    All merchant providers I have seen had huge start-up fees.
    You had to pay a lot of money (often multiple thousand $) as "setup" cost.
    And the fee for each transaction is also higher than paypals.

    If you know a professional merchant service that can really compete (in terms of cost) with paypal I'd be very interested.
    I agree with the above poster, a while back when I researched merchant accounts it turned out that all of them had higher fees than paypal....Has that changed lately?

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    asprind is online now Junior Member
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    Default Re: Stop using paypal-control your own money with a merchant account

    On the contrary, most of the established merchant account providers like First Data and Authorize.net do not require huge upfront setup costs, only a small $30/month fee plus the processing fee.

    What you have probably encountered are rip-off resellers who sometimes charge additional fees.

    You can use this link to apply for a merchant account directly with FirstData, one of the top national merchant account providers.

    Link: https://contact.firstdata.com/callback.htm
    Last edited by asprind; 10-08-2009 at 10:50 AM.

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    Default Re: Stop using paypal-control your own money with a merchant account

    YES! I've been preaching this forever.

    There are no "start-up" fees as somone said above.

    around 2.2%(paypal is 3.0% i belive).

    If anyone needs help setting one up or getting one give me a pm.

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    swinter84 is offline Junior Member
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    Default Re: Stop using paypal-control your own money with a merchant account

    I agree with OP...

    Here are my current rates:

    Internet Discount Rate 2.27%
    Internet Transaction/Batch Fee 24
    Address Verification Fee 5
    Monthly Service/Support/Statement Fee $5.00

    Much better and safer for you than using PP...

    Hit me up if you want more info

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    Default Re: Stop using paypal-control your own money with a merchant account

    I help people get setup with Authorize.net and Merchant accounts. PM me for details I don't want to spam this with my links.

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    funkymonk is offline Registered Member
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    Default Re: Stop using paypal-control your own money with a merchant account

    It's true that the cost for opening merchant accounts is really huge if you are looking for a stable and reliable service. Plus they profile online merchants as High Risk, Medium and Low Risk. I've been dealing with many payment processors for the past 4 years and I found that whoever is opening merchant account has to go through rigorous integration process. Some providers ask you to close the batch at the end of the day and some closes it automatically at certain time of the day. Tricky part is recurring transactions. Currently, most payment processors require merchants to be PCI compliant, which means no storage of CC numbers unless you keep only bin or one-way-hash.
    Depending on your business and volume, I would recommend you to look for Merchant Solution Services. If your product is digital, I can hook you up with a Merchant Solution Provider that charges no fee if you sell your product for $40 or less. But they will add Download Protection Service for a small fee to the customer from where you can get 20% commission. PM me if you need any info on that.
    If you're selling hard goods, I would strongly recommend Google Checkout so that you can have free advertising. Example: if you spend $10 in PPC, you'll get $100 worth of free processing.. plus you get a Google Badge when your ad is shown on search results. Their limitation is that the merchant needs to be in US and UK. You can use WP E-Commerce plugin where the Google Checkout module is integrated.. just put you merchant key and it will start processing.

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    Default Re: Stop using paypal-control your own money with a merchant account

    Great post. Thanks to the OP.

    If you have a need to accept credit cards using any telephone, pm me. I'll forward the info.

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    Default Re: Stop using paypal-control your own money with a merchant account

    Quote Originally Posted by funkymonk View Post
    It's true that the cost for opening merchant accounts is really huge if you are looking for a stable and reliable service. Plus they profile online merchants as High Risk, Medium and Low Risk. I've been dealing with many payment processors for the past 4 years and I found that whoever is opening merchant account has to go through rigorous integration process. Some providers ask you to close the batch at the end of the day and some closes it automatically at certain time of the day. Tricky part is recurring transactions. Currently, most payment processors require merchants to be PCI compliant, which means no storage of CC numbers unless you keep only bin or one-way-hash.
    Depending on your business and volume, I would recommend you to look for Merchant Solution Services. If your product is digital, I can hook you up with a Merchant Solution Provider that charges no fee if you sell your product for $40 or less. But they will add Download Protection Service for a small fee to the customer from where you can get 20% commission. PM me if you need any info on that.
    If you're selling hard goods, I would strongly recommend Google Checkout so that you can have free advertising. Example: if you spend $10 in PPC, you'll get $100 worth of free processing.. plus you get a Google Badge when your ad is shown on search results. Their limitation is that the merchant needs to be in US and UK. You can use WP E-Commerce plugin where the Google Checkout module is integrated.. just put you merchant key and it will start processing.
    Hate to disagree..But only reason for startup cost(maybe its a "reserve") if you have bad credit.For most people though you wont have a reserve with PayPal..

    You have any experince with GoogleCheckout, I got 1 chargeback and they shut my accoutn down

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    Questionable is offline Registered Member
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    Default Re: Stop using paypal-control your own money with a merchant account

    I'd love a list of low prices merchants that get the money to my bank in 3 days max (paypal's time) and lower than 2.9% fees.

    Also, how do you integrate this with eBay? I've never heard of this. I know about sending the invoice with the link to the customer, but never about implementing it right there.

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    Default Re: Stop using paypal-control your own money with a merchant account

    I would love to have a conversation with you. I've had a difficult time getting a merchant account. The reason is because it's on the free trial model (this model has come under a lot of hell because of the rebills and chargebacks) among other things.

    If possible, please send me a PM with a MSN Messenger or AIM screen name so that I may add you

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    Default Re: Stop using paypal-control your own money with a merchant account

    I used to be in that biz. Merchant accounts aren't hard to get set up, IF you just do a little homework, and have your biz set up properly. Doing a "moto" (mail order telephone order) account is a little more challenging than a brick and mortar based biz, but still not hard.

    John Galt.

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    BLACKnHWITE is offline Registered Member
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    Default Re: Stop using paypal-control your own money with a merchant account

    Sorry, I have been out all day and unable to update the thread. I will address each individual post below.


    Quote Originally Posted by asprind View Post
    Hey, great thread!

    I was wondering if there are merchant account providers that will let me signup with my business (corporate) info only, without me providing additional personal details such as SSN, DL etc.

    Also I recently got a merchant account through Paypal, it's called Website Payments Pro and it also comes with virtual terminal too and works under Business Paypal account. Is this is any better than regular Paypal account in terms of sudden 'freezing' of the funds and other Paypal crap?
    All merchant accoutn require a personal guarantee. There is no way around this because a merchant account is essentially a low risk loan. The only exception to this would be very large corporate accounts.

    The merchant account that PP provides you is a third-party merchant account. This means that paypal uses another processor to perform the actual transaction, they do not actually handle the processing. Because of this you are still subject to all of the same PP Bullsh*t that you would be with any other account. My advice to you would be to get a merchant account.


    Quote Originally Posted by akfirsttry View Post
    can you suggest any merchant accounts?
    PM me.

    Quote Originally Posted by Spdbmp View Post
    I would also be interested in some recommended providers as well as fee comparison and qualifications.
    Thanks
    PM me.

    Quote Originally Posted by justone View Post
    All merchant providers I have seen had huge start-up fees.
    You had to pay a lot of money (often multiple thousand $) as "setup" cost.
    And the fee for each transaction is also higher than paypals.

    If you know a professional merchant service that can really compete (in terms of cost) with paypal I'd be very interested.
    Any merchant account provider asking for money upfront as a "setup fee" is trying to rip you off. The only reason any money is ever collected upfront would be if you are selling an EXTREMELY high risk item such as replicas or herbal diet pills.

    If you have a merchant accoutn and you are gettin charged more per transaction than PP, then again, you are getting ripped off. The fee for accepting credit cards over the internet is a little above 2% but never higher than paypal.

    I dont knwo of any professional merchant service that CAN NOT compete (in terms of cost and every other aspect) with paypal. PM me and I will point you in the right direction and make sure you get set up.

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    Default Re: Stop using paypal-control your own money with a merchant account

    ^^^ Co-Sign.

    Third-party means PayPal acutally procceses closser to what merchant accounts charge( I imagine they get huge discount fees, maybe around 1.5% is actually what paypal is charged, which is why the boost it up to 3% to cover their cost and make money in the procces.

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    Default Re: Stop using paypal-control your own money with a merchant account

    Quote Originally Posted by swinter84 View Post
    I agree with OP...

    Here are my current rates:

    Internet Discount Rate 2.27%
    Internet Transaction/Batch Fee 24
    Address Verification Fee 5
    Monthly Service/Support/Statement Fee $5.00

    Much better and safer for you than using PP...

    Hit me up if you want more info
    These are the types of rates you should be getting on an internet merchant account. Anything higher than this and you are getting ripped off.

    Quote Originally Posted by funkymonk View Post
    It's true that the cost for opening merchant accounts is really huge if you are looking for a stable and reliable service. Plus they profile online merchants as High Risk, Medium and Low Risk. I've been dealing with many payment processors for the past 4 years and I found that whoever is opening merchant account has to go through rigorous integration process. Some providers ask you to close the batch at the end of the day and some closes it automatically at certain time of the day. Tricky part is recurring transactions. Currently, most payment processors require merchants to be PCI compliant, which means no storage of CC numbers unless you keep only bin or one-way-hash.
    Depending on your business and volume, I would recommend you to look for Merchant Solution Services. If your product is digital, I can hook you up with a Merchant Solution Provider that charges no fee if you sell your product for $40 or less. But they will add Download Protection Service for a small fee to the customer from where you can get 20% commission. PM me if you need any info on that.
    If you're selling hard goods, I would strongly recommend Google Checkout so that you can have free advertising. Example: if you spend $10 in PPC, you'll get $100 worth of free processing.. plus you get a Google Badge when your ad is shown on search results. Their limitation is that the merchant needs to be in US and UK. You can use WP E-Commerce plugin where the Google Checkout module is integrated.. just put you merchant key and it will start processing.

    The reason why I started this thread was to remove the confusion involved with obtaining a merchant account. The information posted above only adds more confusion. Let me clarify a few points made above.

    There is never a cost involved to set up a merchant account, unless your merchant account provider requires you to deposit a reserve to protect themselves from chargebacks in the case that you are selling an extremely high risk item or service. This is very rare, and you should always question somebody asking you for money upfront.

    While it is true that certain people have to apply for a "high risk" merchant account, anyone accepted for a regular merchant account is subject to the same fees. You either have a high risk account or a regular account.

    The merchant account application process requires you to divulge information about your business, but it is nothign more than what you would expect and is by no means a "rigorous" interrogation process.

    The fact that you have to close the batch at the end of everyday is mentioned as if it is a negative thing. The process of closing the batch is when you electronically close out all of your transactions for the day so that they can be funded to your bank account by the processor. You can either do this manually or have it set to recur everyday at the sametime. I can not think of any reason why you would not want to lose the batch everyday-not closing the batch everyday would result in a delay of recieving your funds!

    As far as PCI compliance, it is not the merchant accoutn providers who require merchants to be PCI compliant, it is the PCI Security Standards Council-a group started by the major card companies-VISA, MC, AMEX, DISCOVER, JCB) to ensure the security of cardholders and to prevent fraud. A good merchant account provider will ENSURE that their merchants are PCI compliant. Again, this is not a negative thing-it protects all parties involved in the transaction procees form falling victim to fraud. There are plenty of recurring billing gateways and API's that are PCI compliant and they are by no means hard to integrate. It is not difficult to set up recurring billings or subscriptions on bouth your website or blogs, if anyone needs more detailed help with this PM me.

    All I have to say about google checkout is that it sucks. Get your own merchant account.

    Overall the information provided in the post by funkymonk ranges from misleading to wrong.

    If anyone needs help with a specific situation regarding any aspect of merchant accounts or electronic payments please post your questions here, or PM me! I would be glad to help!

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    Default Re: Stop using paypal-control your own money with a merchant account

    I seen some were you can get a merchant account, from cosxtco did not se the details, but I do not currently have any credit in the US got screed by the ex in the divorce any other way of getting a merchant account with out credit?
    Regards
    Suave

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    Default Re: Stop using paypal-control your own money with a merchant account

    Do you have NO credit or BAD credit?

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    XxEmicxX is offline Newbies
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    Default Re: Stop using paypal-control your own money with a merchant account

    isnt there any fees to pay? also can anyone sign up for an account?

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    Default Re: Stop using paypal-control your own money with a merchant account

    Quote Originally Posted by XxEmicxX View Post
    isnt there any fees to pay? also can anyone sign up for an account?
    There is a percentage that is charged out of every transaction which ranges from around 1-3% depending on what type of business you are running and what type of card is used. On top of that there is usually a 10 cent charge for each transaction as well.

    The fees are deducted from each transaction or all together from your bank accoutn at the end of the month. Some companies will try and charge you a monthly minimum fee so that you have to pay 25-30$ if you do not incurr a minimum amount of monthly fees. You should never agree to this.

    Pretty much anyone can get a merchant account as long as they have a semi legitimate business and do not have horrible credit.

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    Default Re: Stop using paypal-control your own money with a merchant account

    The problem is most ebayers like to pay by paypal - you lose a bunch of sales if you don't accept it. If you're doing business the right way and have little customer complaints you should be fine accepting paypal. Although there are many horror stories out there...

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    Default Re: Stop using paypal-control your own money with a merchant account

    Quote Originally Posted by macromj88 View Post
    The problem is most ebayers like to pay by paypal - you lose a bunch of sales if you don't accept it. If you're doing business the right way and have little customer complaints you should be fine accepting paypal. Although there are many horror stories out there...

    You obviously have not had much experience with ebay or paypal. While you are correct that you might lose some sales by not accepting paypal, it is not enought to warrant using paypal over a merchant account.

    Back when I used to sell on ebay I had to ask people to pay through my merchant account and it was not even integrated with the ebay system. I hardly lost any sales due to the fact that I did not accept paypal. The people that didnt pay were usually young kids or people that never had the money in the first place. I would send an invoice to their email and they could pay through that. I made it clear in my auction that I did not accept paypal and that you are just as safe, if not safer, when making your transaction through a merchant account. Now, however, you can easily integrate your merchant account into the ebay payflow/checkout system-this makes all the sheep out there much more trusting when you ask them to pay by merchant account.

    As far as your comment about doing business the right way, again I must say that had you ever had any real experience with ebay/paypal (5 figures a month) you would surely feel differently. Paypal now institutes a 21 day hold on your funds on any transactions over $100 or on ANY transaction that belongs to certain "high risk" categories (anything that has a decent profit margin)

    I have had thousands of dollars frozen by paypal without having a single customer complaint and 100% positive feedback. Paypal is one of the most corrupt financial institutions you will ever deal with - this is because as much as they would like you to believe otherwise - they are not a bank so they do not have to abide by the same laws that banks do ie. not stealing accoutn holders money. They look for any excuse to hold your money because they can do whatever they want with it during the hold. They are one of the world's largest money launderers/dirty money profiteers so whether or not they let you keep the money in "your" account has nothing to do with "doing business the right way". Please take your support for paypal to another forum. Thank You
    Last edited by BLACKnHWITE; 10-11-2009 at 05:09 AM.

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    Default Re: Stop using paypal-control your own money with a merchant account

    post removed
    Last edited by skylark516; 10-11-2009 at 09:51 PM.

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    Default Re: Stop using paypal-control your own money with a merchant account

    Thats right
    Paypal limited my account now
    I been emailing them to give me my full account back from being limited
    I answered all the security questions now they want a fax utility bill
    My extra account is fake of course
    This member has been permanently banned from BHW.

  36. #28
    wgn_white is offline Regular Member
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    Default Re: Stop using paypal-control your own money with a merchant account

    Hi, BLACKnHWITE, how about people from my country such as Malaysia? Applying for merchant account? Possible?

  37. #29
    BLACKnHWITE is offline Registered Member
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    Default Re: Stop using paypal-control your own money with a merchant account

    Quote Originally Posted by Therookie View Post
    Thats right
    Paypal limited my account now
    I been emailing them to give me my full account back from being limited
    I answered all the security questions now they want a fax utility bill
    My extra account is fake of course

    They just ask for all that stuff because most people cant or wont provide it. Once you do they will not reinstate your account and will continue to hold it for 180 days, during which time you can be sure they are using your money to invest in whatever they please.

  38. #30
    BLACKnHWITE is offline Registered Member
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    Default Re: Stop using paypal-control your own money with a merchant account

    Quote Originally Posted by wgn_white View Post
    Hi, BLACKnHWITE, how about people from my country such as Malaysia? Applying for merchant account? Possible?
    PM me. It depends on what you are selling, what kind of business structure you have etc.

  39. #31
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    Default Re: Stop using paypal-control your own money with a merchant account

    I am wondering...

    What is the best merchant account to get? (I am from Canada)

    Cheers.

  40. #32
    BLACKnHWITE is offline Registered Member
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    Default Re: Stop using paypal-control your own money with a merchant account

    Quote Originally Posted by nowimhere View Post
    I am wondering...

    What is the best merchant account to get? (I am from Canada)

    Cheers.
    Send me a PM. It all depends on what type of product you are selling and how you are selling it.

  41. #33
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    Default Re: Stop using paypal-control your own money with a merchant account

    Quote Originally Posted by BLACKnHWITE View Post
    Do you have NO credit or BAD credit?
    I guess is bad credit, never look at it that way im sure it makes a diference

    Suave

  42. #34
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    Default Re: Stop using paypal-control your own money with a merchant account

    where are some good places to check out for free trial to rebill model for digital content sites?

  43. #35
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    Default Re: Stop using paypal-control your own money with a merchant account

    so the folks with bad credit are stuck with the likes of paypal huh?

  44. #36
    BLACKnHWITE is offline Registered Member
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    Default Re: Stop using paypal-control your own money with a merchant account

    Quote Originally Posted by its2die4 View Post
    so the folks with bad credit are stuck with the likes of paypal huh?
    Not necessarily, it really depends on just hwo bad your credit is. If you have major issues (tax liens, bankruptcy, foreclosure etc.) or excessive debt with no history of repayment, then yes, I am afraid you are probably stuck with paypal. If your credit is not horrible and you have an LLC or Corp. set up you will most likely be able to be approved for a merchant account.

    If you have a very specific situation that you want advice on, PM me and I would be glad to help you.

  45. #37
    BLACKnHWITE is offline Registered Member
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    Default Re: Stop using paypal-control your own money with a merchant account

    Quote Originally Posted by rasta View Post
    where are some good places to check out for free trial to rebill model for digital content sites?
    This is actually a topic Im glad you brought up. Recurring billing, subscriptions, and free trial rebilling, is not somethign that is all that difficult to set up. The difficulty lies in the produts that are usually sold using these methods ie. Adult websites, digital content, products that make health claims not supported by the FDA etc.)

    Even when selling questionable or "High Risk" products or services you can ALWAYS find someone to provide you with a merchant account. After all, the merchant account provider is getting a piece of all your transactions. The only time you will not be able to find a merchant account is when you are selling a product or service that is blatantly illegal. Even when selling a grey are service, such as escorts, there is always a solution.

    If you have questions about a specific product or service, post on this thread or PM me.

  46. #38
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    Default Re: Stop using paypal-control your own money with a merchant account

    PM Sent. Waiting for your reply buddy.
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  47. #39
    Therookie is offline Banned - see signature
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    Default Re: Stop using paypal-control your own money with a merchant account

    I suggest UK people use

    Nochex.com
    This member has been permanently banned from BHW.

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    Default Re: Stop using paypal-control your own money with a merchant account

    Quote Originally Posted by Therookie View Post
    I suggest UK people use

    Nochex.com
    I checked out that website, their rates seem a bit high, and they also charge a set up fee-which is uncessary. Seems to me they are a nother company taking advantage of the fact that most people know nothing about merchant accounts. If anyone has an account with them I woudl be curious to know you the rates you are receiving.

  49. #41
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    Default Re: Stop using paypal-control your own money with a merchant account

    Hey guys, good topic... another option is Auctiva + an Authorize.Net merchant account like MerchantPlus (I use MerchantPlus)

    Another option is Google Checkout + Cart manager which links to eBay and auto invoices a buyer after an auction.

    There are a lot of options out there, I'm actually working on this topic in my eBook eBay Stealth at the moment.. fun times.

  50. #42
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    Default Re: Stop using paypal-control your own money with a merchant account

    Unfortunately, no merchant account is available for 'Indian' customers. Is there's any?
    Coming Soon <<<

  51. #43
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    Default Re: Stop using paypal-control your own money with a merchant account

    Give CCNow a try.. you can't integrate it to eBay, and they won't accept their account statement as a real merchant account, but you can invoice buyers directly and CCNow will take PayPal for you.

    You'll have to get approved with another merchant account, or have access to a statement that eBay will accept though as they won't take a CCnow statement.

    CCNow takes anyone.

  52. #44
    BLACKnHWITE is offline Registered Member
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    Default Re: Stop using paypal-control your own money with a merchant account

    Quote Originally Posted by kingbrend View Post
    Hey guys, good topic... another option is Auctiva + an Authorize.Net merchant account like MerchantPlus (I use MerchantPlus)

    Another option is Google Checkout + Cart manager which links to eBay and auto invoices a buyer after an auction.

    There are a lot of options out there, I'm actually working on this topic in my eBook eBay Stealth at the moment.. fun times.

    It is important to note that authorize.net is NOT a merchant account provider, you will need an actual merchant accoutn to link with authorize.net which is just a virtual terminal. ANY US merchant account can be linked with authorize.net. So make sure you explore your options in terms of pricing. I am not familiar with merchant plus so I dont know how their rates are.

    Make sure you are being set up with an INTERCHANGE PLUS merchant account. This allows you to see exactly how much your merchant account provider is charging you in addition to the standard interchange rates that are set by VISA and Mastercard.

    Again if your merchant account provider has not explained to you what interchange is and you are not set up with interchange plus pricing; 99% of the time you are being overcharged.

    If anyone has more questions about interchange or any other merchant account pricing issues I would be glad to answer them.

    Also if you currently have a merchant account and believe you are being overcharged, I can let you know if you are receiving a fair price or not. Again I have to stress that if you are not being priced under the INTERCHANGE PLUS pricing model you are nine times out of ten you are being overcharged.

    Cartmanager is a great tool to use but not with google checkout (because google checkout sucks) Cartmanager can be integrated with any merchant account and is a tool I often used when selling high volume on ebay. There is a post on this forum by member GreenGoblin all about cartmanager-just use the search button.

    In any event please do not be intimidated by the process of pricing and being approved for a merchant account. It is not nearly as complicated as you many people believe.

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    macmikes (05-04-2010)

  54. #45
    BLACKnHWITE is offline Registered Member
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    Default Re: Stop using paypal-control your own money with a merchant account

    Quote Originally Posted by kingbrend View Post
    Give CCNow a try.. you can't integrate it to eBay, and they won't accept their account statement as a real merchant account, but you can invoice buyers directly and CCNow will take PayPal for you.

    You'll have to get approved with another merchant account, or have access to a statement that eBay will accept though as they won't take a CCnow statement.

    CCNow takes anyone.
    I would definitely give CCNow a try if you have horrible credit or live in a country where you can not obtain a merchant account. But if you ahve had trouble in the past PM me before you settle for a third party solution like CCNow. I have been able to help people get merchant accounts in foreign countries before. Even if you have horrible credit there is always a way around things.
    Last edited by BLACKnHWITE; 10-14-2009 at 02:25 AM.

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