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[Question] What Online Payment Processor to use in India & Brazil ?

Discussion in 'Making Money' started by Majeur, Jan 18, 2013.

  1. Majeur

    Majeur Newbie

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    Dear Members,

    I'm looking into the possibities to exploit different products in Brazil and/or India.

    Any suggestions what i should use for local bank and creditcard online payment processing? ( similar to 2checkout . c o m and easy to integrate)

    If someone has experience in setting up a webshop/service that accept payments in those markets please get in touch!

    Regards,

    Majeur
     
    Last edited: Jan 18, 2013
  2. HighRiskJohn

    HighRiskJohn Junior Member

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    India is really difficult to get a merchant account setup since there is SO much fraud coming out of there. I hope someone has an answer, but from what I know, most companies stay away from India.
     
  3. Ozmagic

    Ozmagic Newbie

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    the most popular and reliable payment system in Brazil is "PagSeguro"

    In Brazil there is a stigma to buying on the internet, and if you want to convert well ur products, go with PagSeguro

    pagseguro.uol.com.br
     
  4. Mr.Whitehat

    Mr.Whitehat Senior Member

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    well i maybe wrong but i see there is no point for a firm/operator to have one merchant ac in India since they dont really operate from here. I see the ICICI and HDFC banks offering their respective payment gateways for online merchants from India.
     
  5. kbklash

    kbklash Senior Member

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    paypal is best way
    you don't actually need a merchant account to use paypal in india.but strong FDI rules not allow you to use paypal or any payment processors that will go international, that easily.If you have a credit card,its very easy to send and receive money through paypal.VCC also will do
     
  6. SombodyLoLz

    SombodyLoLz Junior Member

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    In Brazil Pagseguro is the most used one, but they rip you off with taxes and fees, I prefeer using MoIP (just google it), the fees are a little bit lighter and they don't hold your money for 20+ days like Pagseguro does
     
  7. simplyjo

    simplyjo Power Member

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    Paypal is the best :)
     
  8. apoorv

    apoorv Regular Member

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    PayPal and 2checkout are both good.

    2checkout have higher fee and PayPal a much easier interface. I'd go with PayPal and keep 2Checkout as an alternative. Just in India, there are a couple of other merchant accounts such as CCAvenue and EBS that can help you process payments, even in USD.

    Having said that, their failure rates are ridiculously high and they aren't overall as reliable. You can check their reviews before going with them. They also have a setup fee. We had an account which, I think, had a pretty hefty fee.

    There is also Zaakpay but I don't know too much about on them to comment.
     
  9. Majeur

    Majeur Newbie

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    Thanks for your reply. I've checked into CCAvenue and have 2/50 banks with local payment succes rate above 90%. I would like to offer the product in local currency so 2checkout/paypal will be most prefferd, once it takes off i'll check into CCAvenue agian and see how that would work out...

    ATall - thanks for the input!