How to accept credit card without MoneyBookers / PayPal ?

2 replies
Hi all

I am trying to understand how a card payment solution works.
That is:
- What do I need to accept card payment on my website?
- How does it works if I do NOT use PayPal or MoneyBookers (we want to avoid those)?
- Should I have an agreement with a payment service provider?
What is a payment service provider?
- Do I need to have a special bank account?

All links and suggestions are MUCH appreciated :-)
#accept #card #credit #moneybookers #paypal
  • Profile picture of the author Alexa Smith
    Banned
    Originally Posted by Mcoroklo View Post

    - What do I need to accept card payment on my website?
    Does this post help, at all? http://www.warriorforum.com/main-int...ml#post8305799

    Briefly, if you don't have your own merchant account (arranged through a bank, typically, so that you can take Visa/MasterCard yourself), whatever else you do is going to be an arrangement with someone else whose merchant account you're arranging to be able to use, in exchange for a fee (either per month or per transaction or a little of both).

    Originally Posted by Mcoroklo View Post

    - How does it works if I do NOT use PayPal or MoneyBookers (we want to avoid those)?
    Moneybookers is neither here nor there, by comparison with PayPal. You can probably ignore it. (Their customer service, many people say, leaves rather a lot to be desired, too).

    Being unable/unwilling to use PayPal yourself is one thing. Not enabling your customers to pay by PayPal may (depending on what you're selling, and on your customer demographics) be a different matter altogether. There are some ways of letting customers pay by PayPal without using your own PayPal account to collect the money from the intermediate party. One example is ClickBank. There are many others, too, like 2Checkout. ClickBank will accept PayPal from your customers (for products and services they approve and are willing to retail) and will pay you directly into your bank account without your using PayPal yourself. But they certainly charge for it: 7.5% + $1 per transaction! :p

    Depending on your circumstances, and the things mentioned above, customers' inability to pay you by PayPal can sometimes cost you a lot of business. Perhaps especially if you have competitors whom they can pay by PayPal, if they want to pay that way.

    Originally Posted by Mcoroklo View Post

    - Should I have an agreement with a payment service provider?
    Unless you have your own merchant account, then yes: you need some kind of agreement with a payment processor.

    Originally Posted by Mcoroklo View Post

    What is a payment service provider?
    Briefly, it's a business that extends to you - on an agreed basis - the use of its own merchant account. They're normally called "payment processors" but I'm sure this is what you're referring to.

    Originally Posted by Mcoroklo View Post

    - Do I need to have a special bank account?
    I'm guessing probably not, unless maybe you want to start applying to banks for your own merchant account. If your sales volume and credit history warrant doing that. If you're talking about large transaction volumes and/or large amounts of money, it may work out cheaper to do that, if you can get accepted for one.
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  • Profile picture of the author pingsters
    Banned
    You can use 2 checkout. They can charge your client's credit card. And you can withdraw your money through wire transfer.
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