Merchant Accounts / Credit Card Processing

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Who do you use for Merchant Accounts & credit card processing? Have you found a company that you like? Using PayPal, not happy with it, losing too much cash to fees.
#accounts #card #credit #merchant #processing
  • Profile picture of the author dave_hermansen
    We're big fans of Durango. No application/setup fees, low rates and you can use your single account for all your websites. Best of all though, they are the nicest, most helpful people you will ever meet. Their customer service rocks and there's always someone willing to talk with you and help you out (which is unheard of in that industry!). Reach out to Nathan at Nathan@Durango-Direct.com and tell him "Store Coach" sent you. I'm confident you will thank me later!
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    • Profile picture of the author rodsav
      I use eprocessingnetwork.com and merchant warehouse. I negotiated with Eprocessing network and have next day transfer of funds to my bank account and they are very affordable.
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  • Thanks for the info on Durango. I am using PayPal and not finding any issues yet on the fee so far. But its good to know some other alternatives
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  • Profile picture of the author jessiem
    Originally Posted by googookachoo View Post

    Who do you use for Merchant Accounts & credit card processing? Have you found a company that you like? Using PayPal, not happy with it, losing too much cash to fees.
    Here's a list of over 15 credit card processing companies that was shared over on Facebook. It also has a comparison of all the services and its ranking based on Alexa.
    http://www.staff.com/blog/comparison...ing-companies/
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  • Profile picture of the author awardtech
    I personally use cdgcommerce, It's a quantum gateway. $10 a month, low trans fees.
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  • Profile picture of the author linkbuildr
    Originally Posted by googookachoo View Post

    Using PayPal, not happy with it, losing too much cash to fees.
    Hahaha, story of our lives my friend. To answer your original question, the processor you should go with and the plan you should choose entirely depends on what kind of CC sales volume your business does, plus what your average transaction size is. If you do a lot of extremely small (ie few dollars each) transactions, maybe a steady 2-3% processing fee will be fine because it's only a few cents per purchase. For most emerchants though, and for myself at least, our transaction sizes are large enough that this eats away at way too much of our profits, so we lean more towards subscription-based processing instead. So, basically, you'll pay a flat fee of $20 per month or whatever it may be, in exchange for processing at (for example) 25 cents per transaction + the 1% that goes to the buyer's CC company, instead of the percentage-based markup like 2%-3% you'd see from PayPal and their ilk. Over time, this can save a whole lot of money. Personally, I'd recommend Payment Depot if you're looking for a low cost alternative to PayPal.
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