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If someone has an impulse to buy
your product or service, and you
can't immediately accept payment,
you will lose the sale.
Read More... |
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Merchant Accounts
Third-Party Processors
Accepting
credit cards is an essential feature for any online business. And every
serious business has their own merchant account.
However,
many
start-ups and small, mom and pop businesses can simply not justify the
minimum cost per month if they aren't making the sales to support it
yet. As such, we have included this section on third-party processors
to aid you in your decision.
Keep
in mind that Third Party Processors sometimes:
- Cost
disproportionately more the more sales you make
- Require
your customers to leave your site to make a purchase
- List
their logo on your payment page
- Include
their name on your customers' credit card statements, making it more
difficult for your customers to remember what the charge is for, which
can result in more charge backs, lost sales, and fees.
| Third
Party Processor |
Discount
Rate |
Transaction
Fee |
Setup |
Notes |
| ClickBank
|
7.5% |
$1.00 |
$49 |
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| PayPal
|
2.2 - 2.9% |
$0.30 |
Free |
|
| ProPay
|
3.5% |
$0.35 |
$35 |
Annual
fee of $34.95+, and a fee each time money is deposited in your account, no Discover
or AMEX, $1,000 max/mo at the Basic level. |
| Verotel
|
13 - 19% |
$0.00 |
Free |
maximum
of $75 per sale |
| CCNow |
9% |
$0.00 |
Free |
$9.95
per month additional |
| 2checkout |
5.5% |
$0.45 |
$49 |
Bi-monthy payouts,
must be used on your website, not manually |
We do not endorse
any of these third-party processors but are including them as alternative processing
options.
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