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Payment solutions - Paypal charges fuck loads per transaction... Share your view.

Discussion in 'Business & Tax Advice' started by Reyone, Jun 14, 2013.

  1. Reyone

    Reyone Elite Member

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    Hello,

    Just wanted to know which is the lowest charging platform to receive money.
    Paypal charges up to a 5.4% for int payments + $.30 per transaction... COME ON! That is some crazy amount.

    Anyways, I have been told to check 2co and authorize.net Authorize seems to have a good deal as long as you do large volumes, since they charge a set amount/month. 2co seems to have some high % as well... so if you are not US based it all seems pretty pricey.

    Anyways, would love to hear suggestions and advice!

    Thanks
     
  2. tz4bu

    tz4bu Junior Member

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    5.4% is a bit much
     
  3. HeRBaR

    HeRBaR Supreme Member

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    Paypal sucks, but what to do when here where I am is the only option that you can use and you can't do nothing for it :S
     
  4. Reyone

    Reyone Elite Member

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    Right, these are very positive and helpful answers :)

    I will be using paypal if there is nothing else, just don't want to be giving a 3.2% + $.30 for each transaction... Talking about like quite a lot of $ per transaction for using it.

    No wonder the owner wanted to build a colony in Mars hahaha

    Anyone with experience in other methods? What about that authornet or something? Good?
     
  5. Paul77

    Paul77 Newbie

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    Well this is exactly the reason why my company does not deal with PayPal becuase it ruins your profit and holds your money. This is good for retail but not for wholesale. Best is TT and 99% of companies in my country do business like that. PayPal is asking too much and ebay as well. The combination of ebay+paypal = killing your business instead of helping. I understand that retail customers would like to pay safe but a company needs to keep its cashflow runnig fast and have as much profit as it can or have the best price to offer. And therefor no paypal and no ebay. I wonder how the powersellers can survive with such horrible comissions they have to pay :eek:mfg:
     
  6. Taktikal

    Taktikal Registered Member

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    No lie, paypal banks so hard every year just from fees. Not fair. Then they limit your accounts and use your money.
     
  7. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    Try direct money wire. Use some escrow service if high amounts involved.

    Some banks offer direct payment gateways, ask your bank. They give you a URL where the customer can insert payment data.
     
  8. afro25

    afro25 Regular Member

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    Use bitcoin and it's free, or pay 0.6% to Mt Gox for a shopping cart integrated system
     
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  9. brianventure

    brianventure BANNED BANNED

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    Paypal charges very high, but if you have transactions from non usa countries, i think you can try moneybookers, 2co is also good.

    I heard moneybookers charges little less, and they are non refundable. Authorize.net has few restrictions of receiving money.

    But if you also get a lot of transactions, better is 2co.
     
  10. Furious George

    Furious George Supreme Member Premium Member

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    It's pretty much 3 percent with paypal.

    That's quite standard among payment processors.

    You can always take checks, money orders, virtual currency for no charge.
     
  11. ZestMedia

    ZestMedia Regular Member

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    I take in checks and bank transfer for local company, but for outsourced ones we always accept PayPal as payment and sending payment despite the small transaction fee. At least pretty convenient.
     
  12. Roparadise

    Roparadise BANNED BANNED

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    Western Union offers good rates, and wont seize payments like paypal does. Im surpised western union isn't as popular online as it should be.