Best Merchant System for my Services?

5 replies
I've been dealing with some issues with paypal. Someone did a chargeback and it's really pissing me off. Paypal actually ruled in my favor when the guy tried to get his money back through paypal, but he did a chargeback and now paypal wants their money. I guess i'll have to pay them a couple grand. Anyway, that's not the issue. I guess i'm just saying that because I dont' trust paypal with the amount of volume i'll be doing/am doing. We're talking about several thousand dollars a day worth of revenue, heck we're talking several thousand a day in profits, at least for the past few weeks, and things are only going to get better.

I have a bunch of different packages/services, so of course the prices are different. I applied for google checkout and just have to verify my bank account. I'm just wondering what merchant you guys would recommend for a site that is estimating six figures a month in revenue?

Oh, and by the way my identity was stolen 2 months ago and we're still getting it fixed. My credit score went from 730+ to very low because of the late payments. Crazy thing is i was signed up for a monitoring service but I didn't check the email address I had signed up with. I would've known something was going on if i had checked it , but it's been a crazy time in my life. I'm just looking for a merchant account i can get approved with very quickly, that can handle alot of volume. I have over 1000 PRE orders this weekend alone to fill and the average transaction is 40-90 bucks. Obviously my profit is only 60% but that's still very good. I'm very happy that i've finally found something that has worked, after years of creating products that only drain money. So.....Any suggestions? I'm all ears

P.S.- I have signed up for google checkout and am just waiting to verify my bank account. Would you guys go with them? I just don't want to have a merchant like paypal that just freezes my account because I'm bringing in too much revenue
#merchant #services #system
  • Profile picture of the author GR Marketing
    I'm going through a similar issue with Paypal myself. Paypal sucks for sure.

    Right now I'm using 2Checkout with eJunkie for automated digital delivery of my products. 2Checkout can take Paypal payments as well so you really don't even need Paypal anymore. Plus they don't pull shenanigans like Paypal does whenever you have a large influx of new business.

    I also have accounts with Clickbank and Google Checkout.

    With these three alternatives you will never need Paypal again. I'm sorry you had to learn the hard way like me and so many others

    -Garland Robinson
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    • Profile picture of the author TJComer02
      Originally Posted by GR Marketing View Post

      I'm going through a similar issue with Paypal myself. Paypal sucks for sure.

      Right now I'm using 2Checkout with eJunkie for automated digital delivery of my products. 2Checkout can take Paypal payments as well so you really don't even need Paypal anymore. Plus they don't pull shenanigans like Paypal does whenever you have a large influx of new business.

      I also have accounts with Clickbank and Google Checkout.

      With these three alternatives you will never need Paypal again. I'm sorry you had to learn the hard way like me and so many others

      -Garland Robinson

      Garland, thanks man. I just went to checkout 2CO and to be honest i'm very impressed. I mean I already have a thousand orders this weekend and I have to pay my team instantly. It's sorta like outsourcing, but I have these guys work for me if that makes sense. It's just kinda the deal we have going.

      2CO sure offers some great options, as well as international payment processing as well, which is really something I need as I am expanding soon into other countries. I told them every month would be six figures coming in and they said that wasn't a problem. Paypal on the other hand, freaks out when 10K worth of orders comes in. I just can't go with them anymore. And like you said, 2CO actually offers a paypal option, so that's wonderful!
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  • Profile picture of the author affiliatelabel
    credit card processing|merchant accounts | cc processing is a great online merchant account, no set up fee, easy approval. Theres so many features to run your business from.
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  • Profile picture of the author affiliatelabel
    2checkout gets about 5.5 % of the sale plus a 5.00% hold back and .35 cents per transaction if your doing 6 figures a month thats alot of throw away money
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    • Profile picture of the author TJComer02
      Originally Posted by webhostingmasters.com View Post

      2checkout gets about 5.5 % of the sale plus a 5.00% hold back and .35 cents per transaction if your doing 6 figures a month thats alot of throw away money

      Yeah well so is paypal freezing it.....My profit margins are extremely high
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