Best payment processor for ecommerce site?

the_punisher

the_punisher

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im planning on starting an shopping site where I will sell physical goods.

are there any payment gateways that you guys would recommend?

which are the best ones? im completely new to this and would appreciate any input from some one who knows.

i do not just want to give my paypal address as the only payment option.
 
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You can use moneybookers, western union or payoneer.
 
I use moneybookers on my sites and i can highly recommend them. It is a little bit hard to get a merchant account because they do tons of verifications and security checks before you get the merchant status but it is worth the hassle because:

- you can accept credit card payments and a bunch of other payment methods like direct debit, giropay, etc. for almost every country in the world

- you have direct access to the funds that come into your account so there is no monthly or weekly payout, you access the money as soon as it hits your account (except a 10% security reserve for chargebacks that has to stay in your account for 90 days)

- they have imho one the best online payment security systems (almost too sensitive) so that you will not have a lot chargebacks

Try them, but get a merchant account, not the standard account.
 
i vote moneybookers (skrill)
its easy to setup, and they are not too greedy with comission
 
what i also like about moneybookers is their prepaid master card which is connected to your funds account. If you have it you can spend your funds right away with 1k daily POS spend limit and 250 ATM Cash withdraw limit.
 
merchant warehouse is very professional and will give you the capability to tailor the checkout process however you like .... their api allows you to be as secure as you want ... the extra verified by visa, etc. is more secure but you might also lose potential good sales. It will be a true checkout on your site wihtout a shell out to some other company ... that being said, as an ecommerce site, you will still want to allow people to checkout with paypal and google checkout
 
I recommend Durango. It's a new-ish company that's also very affordable. It's also recommended by the Store Coach guys.

www. storecoach. com
 
Gateway: Authorize.net
Provider: SHOP around, every merchant makes a small percentage of sales. Get quotes from 3 or so, and show them to other companies to get ur fees down.

solveras.com/
merchantexpress.com
Just do a google search on Merchant Providers. Call them all, get quotes...

Look at ALL the fine print on all documents, they will throw in small fees all over the place that you dont see. Most of them can and will be waived with each company.

Solvaras also has their own gateway; it's free as well, Auth.net will charge you.

Play the negotiation game, always remember they want ur biz, it's how they make money.

Solveras is great though, always there to answer your calls. help with chargebacks, they never hold ur funds for more than 24hrs.

Also keep in mind, you need to have a separate merch account for each and every site you own to be legit.

Always custom code ur payment page, 1 page only best for conversions. my developer can help if u need. Its all about conversions.
customers dont like to be "redirected" to a payment page, i feel like it looses rep with the site. Keep them ON your site....
 
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Hm... they all ask for your company details. How do you guys register w/o having a company?
 
I am using Paypal, CC and WU as a Payment gateway for my sites.
 
2checkout, they process credit cards, paypal and any other form of payment. And the best thing is they also do a fraud check of the funds that were sent. We have been with them for a while with our ecommerce sites and we tend to stick with them if the current level of service continues.
 
If you're located in the south pacific, try eWay.
 
Hello - the Punisher (and everyone else),
People have made a number of suggestions and most will be good. I always tell my prospects and clients that a merchant account is evaluated on a number of items, including:
- price of each transaction
- type of products sold
- monthly continuity or one-time sale
- location of owner
- location of company
- drop ship
- charge back rate
- return rate
- financial & bank documents
- bankruptcy of business or owner

Banks don't want to have to pay a buyer if the merchant does not have enough cash flow for returns or chargebacks, or just goes out of business.
For requirements of banks, VISA, and Mastercard, and the Payment Card Industry (PCI) compliance, surf on over to http://paymentmaven.com/Get-Started.html

Cheers,
Paul Nisenbaum in Los Angeles, California
 
Personally, I think paypal is a bad choice.
They can limit your account without any prior warning or reason - just google "paypal sucks" or similar. They can stop you receiving and withdrawing funds.
As for the cooment above:
"paypal easiest to use and everyone has it."
Paypal limits thousands of accounts worldwide everyday - which means there are thousands of people at any given time who are not able to access their pp accounts to make purchases.
Paypal is not available in every country - meaning you could be missing out on sales from people in certain countries.
You should never assume that because a country does not have paypal that the people there must be poor and unable to buy.
I use avangate as my payment processor (not sure if they offer a service for physical goods - i think it's only digital - but 2checkout is good). avangate accept paypal payments on your behalf as well as bank/wire transfers. This year so far I have almost reached six figures from bank transfers from customers in countries where there is no paypal. It's obviously money I would not have made if I only offered paypal.
I guess it depends what you're selling and your target market, etc - but the more payment options you offer, the more chances you have of making sales.
 
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