Which Payment Processor for Micro Payments?

by HzCy

Posted: 11 years ago 14 replies

INTERNET MARKETING

Hello, Im starting a new business and I am wondering, which payment processor I should get.

There are many of them, "Paypal", "Google Checkout", "2CO" and more ..

But as my Business will run only with 5$ or 10$ items, I am wondering, which will give me the lowest fees, and best conditions.

Please help

Thank you

#micro #payment #payments #processor

Brad Mc Bard 11 years ago

Before everything - good luck with the new business! You;re certainly doing things right by asking here as part of your research.

Regarding your question, if you only need one processor use PayPal.

You can also add Google Checkout, 2CO etc options if you want to, but the PP option is almost a must. The reason is simple - so many ppl know PayPal, trust PayPal, use PayPal - it's almost certain that you'll get significantly more sales using PP than if you offer only one of the others. Your site will be more profitable this way, even if they charge a bit more.
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HzCy

11 years ago

Ok, thank you for that answer.

I am not from the USA, so its a bit complicated with Paypal.
I heard, there are lots of problems with freezing accounts, is that right?

Thanks
1 reply

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ashloren

11 years ago

Originally Posted by HzCy

Ok, thank you for that answer.

I am not from the USA, so its a bit complicated with Paypal.
I heard, there are lots of problems with freezing accounts, is that right?

Yes, it is right. Paypal arbitrarily freezes accounts and refuses to deal with merchants who have done nothing wrong whatsoever. Too bad you're not in the US, otherwise I would suggest Dwolla for micro-payments. Anything under $10 is free to send and receive, there is no fee at all. But need USA bank account, so that idea is out in this case.

If I find one that works better than Paypal, I'll let you know.

Thanks

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John Rogers 11 years ago

Paypal is certainly the most common. 2CO charges $49 just to open an account. If you're not doing subscriptions, Google Checkout might be a good choice. Payza has higher fees than Paypal, but is gaining popularity as people migrate away from Paypal.

I would start with the best options for your country. Read the terms of service for all of them and compare the fees. There really is no one size fits all solution.
- Thanks
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onegoodman 11 years ago

Payment has an option of Micro Payment that charge you less on amounts less than $12. It is a good option, but you don't want to accept bigger payments on account you turn into micro payments because the fees will be higher.

You need paypal for sure, i would consider other option beside paypal as well.
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HzCy 11 years ago

Thank you guys, I think I will try out PayPal, even if the exchange fees are that high
- Thanks
- 1 reply
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- MP80 11 years ago
  
  You've said you are not in the U.S. so, unless you are in the U.K., or selling Apps via Google Play, then Google Checkout is not an option for you:
  
  Google Checkout Availability
  
  Originally Posted by HzCy
  
  Thank you guys, I think I will try out PayPal, even if the exchange fees are that high
  
  If your country is supported, then I agree that Paypal is probably your best option.
  
  Thanks
  
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Plimus 11 years ago

There are no hidden fees and unlike most companies, BlueSnap does not charge a fee for a monthly account, a minimum amount of sales, or for failed transactions.

BlueSnap does not require a U.S. merchant account. BlueSnap is a full service payment provider. Quick integration, customized buy now pages, multi currencies and languages, one click charge, coupons, product bundling, 38 payment methods in addition to the credit card selection, PCI certified and much more making a complete solution for any vendor selling online digital goods.
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- 1 reply
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- Nochexman 11 years ago
  
  Hi HzCy.
  
  "I am not from the USA, so its a bit complicated with Paypal."
  
  Which country are you from?
  
  Thanks,
  - Peter
  
  [ 1 ] Thanks
  
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Ross Dalangin 11 years ago

I am using paypal. Please check what kind of products you were selling because some payment gateway like 2CO don't allow many downloadable products or let me say they just block and some of your money will hang anywhere. One of my friend is a victim of that.
- Thanks
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YasirYar 11 years ago

You can use Paypal for your micropayments. Payza fees are higher but they offer you better alternatives like direct cc payments.
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khooster1

11 years ago

Stick to Paypal.

Most people have Paypal.

Originally Posted by HzCy

Thanks

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Bonzo 11 years ago

Try Stripe
- Thanks
- 1 reply
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- radhika 11 years ago
  
  Moneybookers.com?
  
  Thanks
  
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Which Payment Processor for Micro Payments?

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