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What is the best payment processor for own product?

Discussion in 'BlackHat Lounge' started by HattyGirl, Jan 3, 2010.

  1. HattyGirl

    HattyGirl Newbie

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    Hi,
    I do want to sell my own products.
    What is the best way to do it payment wise?
    I heard that Paypal might hold back the money for 180 days if the sum goes up quickly, don´t know if this is right. But I do not want to find out if it is too late.
    I also heard that people are selling through Clickbank for this reason although they aren´t searching for affiliates, just to use Clickbank´s payment processor.
    What are your suggestions? I am absolutely new to these problems and very thankful for every solution or suggestion you can give :)
     
  2. TermsB

    TermsB Senior Member

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    If you're selling something fully legal and doing it legit you won't have problems with Paypal. The problems come from when you're doing sketchy things in sketchy ways.

    Getting a merchant account is always a good option for selling your own products if you want to skip over Paypal all together. The thing with Paypal is that it's trusted by many people, you'll likely lose out on sales by not using it.
     
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  3. HattyGirl

    HattyGirl Newbie

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    Thanks a lot TermsB,

    yes I am fully legal, and what you are saying also went through my mind. To be honest nearly every single product that I ever bought went through Paypal, maybe I should split the products for a test run.
    BTW I did a quick search run on this forum and found these processors:

    e-junkie
    AlertPay
    2Checkout
    CNow
    Plimus
    ccbill.com
    gspay.com
    money booker
    epassport
    safecharge

    Any opinions to these?
     
  4. noob411

    noob411 Junior Member

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    I use paypal and alertpay..... I love both was limited from paypal for a hot second but thats life.... used them now for 3 years and alertpay rocks so only have good things to say about them....
     
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  5. TermsB

    TermsB Senior Member

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    I use E-Junkie, but it's more of a cart that you can add payment options to. For example the site in my signature uses E-Junkie but they pay through Paypal. You can add more ways to pay with E-Junkie as well.
     
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  6. IamKing

    IamKing Jr. VIP Jr. VIP

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    Clickbank is trusted site and many people are willing to buy from it and it is proven. There is no risk to our account, if any one claims for refund we will issue.

    But in paypal there is chance of risk to our account with different policies by paypal. We have to be very careful with paypal while selling the products.

    If it is a digital product it's better to go for clickbank we will get affiliates too.
     
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  7. HattyGirl

    HattyGirl Newbie

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    Great,

    you are helping me a lot:)
    I found some more:

    Google Checkout
    Authorize.net
    Fastspring
    RegNow
    SWREG.org
    xoom.com

    And there are even more. Hadn´t thought that so much options exist.
     
  8. minute80

    minute80 Regular Member

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    Use Plimus, as they protect merchants and not customers :)
     
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  9. TheInternetHustler

    TheInternetHustler Regular Member

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    I had a 1shoppingcart account and a merchant account with power pay but I never launched any products, if I wanted to I could have set up trial billing with it and have it reoccur whenever at any price.. Definitely a big step up from paypal if you want to go that route... Accepting CCs yourself is probably best rather than a middle man..
     
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  10. razohad

    razohad Jr. VIP Jr. VIP Premium Member

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    I got burned using paypal more then once but when used with e-junkie never had any problems.
     
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  11. TinyHulk

    TinyHulk BANNED BANNED

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    PayPal or maybe Google Checkout?
     
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  12. noob411

    noob411 Junior Member

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    I am not a big fan of google checkout......
     
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  13. HattyGirl

    HattyGirl Newbie

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    You people are really great :)

    As I am not needing any high risk payment processors at the moment my candidates are:

    e-junkie (Positive comments for smaller deals)
    AlertPay ( People who use it speak good of it)
    2Checkout (Found no negative comments for this one)
    Plimus (Has a good fame throughout this forum)
    Moneybooker (Seems also to have a lot of fans)
    Paypal (Seems to have a higher market acceptance than the others, but ....)
    1shoppingcart (maybe, mentioned only one time here at the forum)
    Goggle Checkout (maybe, various opinions on this one too...)

    Will sleep over it and look for their websites and conditions tomorrow.
     
  14. publisher

    publisher Junior Member

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    I like merchantwarehouse.com they can get your merchant account up and approved the same day. They use authorize.net as the payment gateway and that usually takes 1 more day.

    Then you'll be selling products and accepting money directly into your bank account.

    If you are legit, they usually won't hold any reserves if you have decent credit. Otherwise it might be about 10% they hold in reserves.
     
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  15. minute80

    minute80 Regular Member

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    What was your problem with them?

     
  16. minute80

    minute80 Regular Member

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    I don't get it. I went to e-junkie page and, correct me if I am wrong, they only provide shopping cart service for other payment processors like 2checkout and G checkout.If that is true, they should not be listed as payment processor down below.

     
  17. HoNeYBiRD

    HoNeYBiRD Jr. VIP Jr. VIP

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    yup, they're not a payment processor, then what you can do with e-junkie?
    you can create buy now buttons and shopping carts for your products and then sell via paypal, 2checkout, google checkout, clickbank, trialpay or authorize.net
    after the trial period ended (14 days) you have to pay $5/mth for their basic service or just register with another email address and you have 14 days for free again :)
    but i think this $5 not too much, and the best thing is there aren't any additional fees at all

    this is from their website:
    "E-junkie provides you copy-paste buy now buttons and shopping cart to let you sell digital and tangible products. We take care of interfacing with the payment processor you want and we also do secure and automatic delivery for your digital products.
    With E-junkie you can centrally manage your products from our admin panel while selling your products on multiple places (your website, your blog, MySpace, Craigslist, eBay etc.) at the same time."
     
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    Last edited: Jan 4, 2010
  18. HattyGirl

    HattyGirl Newbie

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    Here are some "not so cool" stories about Paypal:

    Do a Google search for "aboutpaypal.org".

    Just when I wanted to sign up for a test merchand account...
     
    Last edited: Jan 4, 2010
  19. emboodo

    emboodo Newbie

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    If your needs ever change and you need a high risk payment processor I would recommend SafeCharge - http://www.safecharge.com/
     
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  20. foxy1

    foxy1 Newbie

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    I'm also an e-junkie fan - there are some useful parameters you can set to protect your product downloads and it's a streamlined service.
     
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