Which Payment Processor for Launch

You've talked about payment processors and shopping carts like they are the same thing. Do you understand the difference? Do you know that PayPal accepts credit cards in addition to PP payments?

Steve

personally, I'd stay clear of pay pal. To many stories of people getting their accounts frozen for 6 months during a launch.

Clickbank or a regular merchant account.

Jeremy

I would not go with PayPal. Way too risky.

There are 2 that are good for launches.

1 is ClickBank.com and the other one is 1shoppingcart.

I would set up an account with either and talk to them about your launch and how you can get things going on the right foot with them. See what they say.

get a real merchant account, I use e-online data they are one of the best, you will have to have an actual business setup, tax_id and all that but it is worth it.

Honestly, the number of people having issues with Paypal are the VERY small minority. 99% of the people on this forum using Paypal for launches have had no problems at all. Everyone keeps saying "I wouldn't use Paypal, too risky...". To those people I would say, have you actually had any direct personal experience with this or are you just basing this on a few horror stories you have heard along the grapevine?

I use Paypal and I would definitely recommend using Paypal. It's the payment processor your average customer prefers to use and people also treat Paypal money more freely than money they were spending on their own credit card.

If your account gets limited because of too much activity, well is that really a bad thing? Just work with Paypal and give them what they want and you should be fine. Have you all noticed we are seeing a LOT less of these Paypal horror stories nowadays. It's happening to less people and to those it does happen to, in most cases they have their account unlocked very quickly, once they provide Paypal with the information requested.

A friend of mine had his limited the other day after a big launch and a day or two later it was unlocked after he provided them with all the relevant information. So don't believe all the hype floating around the place -- it doesn't represent the real situation.

Wanting your customers to be able to pay by PayPal (which may dramatically increase your sales) isn't necessarily the same thing as needing to accept their payments using your own PayPal account.

For example, if you use ClickBank, 2Checkout, Plimus, Fastspring (or some other services) to process the transactions, your customers can pay the processor by PayPal without your needing to use your own PayPal account to collect the money from the processor.

PS, you need to run a spellcheck on your sales page!

we started with e-onlinedata then got a second merchant account with powerpay.biz no problem in the last 9 years

check them out

You just need to call paypal before the launch day and tell them about your upcoming product launch and that you are going to drive thousands of visitors to your website,
You have Mike Filsame as an example all his 6 figure launch are through paypal

just my 5 cents



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I will advise you to launch through Digiresults... DigiResults — Work Less, Sell More .... Cheers

Thanks to everyone for all of the comments. Even with this thread the discussion of Paypal had multiple opinions. I downloaded Daniel's pdf to my iPad to read later tonight. It looks awesome and I certainly would be curious as to your new tweak.

I am basing my launch of a WSO Launch I saw here last year. It's a simple Webinar series where I will walk those interested through the foundation of building a trading plan. It's not a shiny metal in the window product that many investing courses offer. I stress it's not a get rich quick seminar (I guess this will impact sales more than whether I use Paypal).

I did a test launch last year with people from here and other groups and received nothing but positive feedback on the product. Now I have to market it in a way to get people to move beyond Get Rich quick and see that investing can lead to riches if you start slowly and more importantly soundly. Which is also why I want to focus on new traders and IMers also. To me investing in the stock market can be equated to making money online, but I guess that's a discussion for another day.

I can wait to read Daniel's pdf tonight and report back with feedback both on the book and how it moved me one way or the other with regards to using paypal.

I just wanted to update the thread that Daniel's Paypal eBook was Awesome. Very clear and to the point directions/instruction on how to make your website as Paypal friendly as possible which in turn should lower the risk on being limited or restricted by Paypal. I would highly recommend it and I have already implemented several of the strategies. Scroll Up, grab the link and read it for yourself.