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Google Checkout v. Paypal v. AWS v. others

by OrangeBull
11 replies
Which payment solution provider is the best about making sure that an online retailer selling hard goods can get their money out to replenish inventory.

I'm thinking about starting a physical goods site that will sell some fairly high end items, i.e. thousands per item goods, and the company's cash flow management would be seriously hampered if it was time to restock items that have decent margins, but which are still pricey and $10K was stuck unusable in a Paypal account. I've heard horror stories about Paypal in the past which is why I'm asking the question.

Who amongst payment solution providers that are relatively easy to implement from a Wordpress based site with a fairly standard cart is the least likely to hijack your cash at exactly the moment you need it to replenish stock and make sure your next round of customers get their goods in a timely fashion?
#aws #checkout #google #paypal
  • Profile picture of the author Kevin Hill
    I would just get a merchant account. You'll get your money within 1-2 business days through authorize.net...especially since you're selling items in the thousands of dollars, your fees will be lower.

    Kevin
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    • Profile picture of the author Pauly60451
      Having your own merchant account is likely the best route, although it's not always easy to get one. It requires good personal credit, just like applying for a loan. There are also plenty of cases of merchant accounts being locked up, just like the PayPal stories. The MA providers can be just as suspicious as PP.

      I have previously had good experiences with 2checkout, but their fees are a bit higher.
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  • Profile picture of the author adniquedesign
    i like paypal i have trading many thing with paypal and everything is ok until now
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  • Profile picture of the author SocialBlasting
    I've never had problems with paypal when selling thing from my websites, but I've heard others have. The safest thing to do is get a PayPal debit card and pull your cash out every so often. The daily limit is $400 to start I believe, but that's only at ATM machines. If you get cash back at a store it counts as a purchase . I used to do this a couple years ago to make sure I had cash in hand for my rent, even if they decided to hold my funds.
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    • Profile picture of the author Pauly60451
      Originally Posted by SocialBlasting View Post

      I've never had problems with paypal when selling thing from my websites, but I've heard others have. The safest thing to do is get a PayPal debit card and pull your cash out every so often. The daily limit is $400 to start I believe, but that's only at ATM machines. If you get cash back at a store it counts as a purchase . I used to do this a couple years ago to make sure I had cash in hand for my rent, even if they decided to hold my funds.
      This is excellent advice, in so far as PayPal is not a bank and should not be used as a place to "store" your money. Always keep your balance there as small as possible.

      Using an ATM card though is not the best way to do it. Transfer the money electronically to a bank account. There are no fees and once your account is verified, there are no limits. You can transfer your entire balance daily, if you'd like.

      Another thing you might consider is, set up two payment processors. For instance PayPal and 2checkout. You not only give your customers a choice but, if one goes sideways, you simply disable that payment method and keep right on selling with the other.
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  • Profile picture of the author mickyboy73
    I have used G checkout for goods that I was posting out to people. Never had a single problem with them and they always paid on time. G checkout gets my vote for a safe and low upfront cost option. PayPal still makes me nervous.
    Signature

    I can't think of anything funny to say.....

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  • Profile picture of the author internetcrusaders
    I am using Paypal for a long time and had no problem at all..
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  • Profile picture of the author NestZone
    PAYPAL as of now remains the best.
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    • Profile picture of the author Centurian
      I can get you a merchant account with low fees no matter what your situation. PM me.
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  • Profile picture of the author zbrshakeel
    Hey there is no payment processor in the world which is problem free.
    Sometimes error happens that doesn't mean the processor is a joke
    In my opnion go for Paypal
    Signature

    Zubair Muhammad

    Are Potential Customers Leaving Your Website Without Buying,If Yes Click Here!!!
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  • Profile picture of the author OrangeBull
    I appreciate the responses. Having heard more than a few horror stories about payment processors I was wondering if there is one in particular to avoid or not. I also haven't had too much experience with shopping carts, but what little I have had suggests that Paypal is usually a fairly straightforward setup.

    Authorize.net would be the merchant account provider with the most easily integrated carts from a Wordpress based site I gather from what I've heard here so far? Is that right?
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