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What's Your Favorite Recurring Payment Processor?

by TSDMike
11 replies
I need to set up recurring payments for clients on monthly retainers. Requirements are:

Low monthly fee;
Ability to auto debit from checking;
Ability to auto debit from credit card;
Daily deposits to my business checking acct.


There will be basically no chargebacks, since this is not a membership deal. Any suggestions?
#favorite #payment #processor #recurring
  • Profile picture of the author Climb Online
    depends on your technical abilities, if you have none paypal, if you do stripe
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  • Profile picture of the author ronjonbb
    Hey Mike, I am a long time lurker and i've been hanging out in the offline forums lately. Trying to learn about offline marketing, in the middle of my first direct mail campaign and got my first call back this week. So far i have a .5% rate. (1 response out of 200 first class letters)

    My background is internet marketing and I also work in the payment processing industry. (represent multiple banks). I mostly specialize in high risk merchants and can place nearly any business type although its pretty much the same for low-risk just a matter of risk tolerance on the processor & underwriting bank.

    For your case, paypal will probably work as it supports both ach and cc's. In general most merchant accounts and internet gateways will support recurring payments and ach. Ive evaluated a bunch of gateways myself to select a preferred vendor to recommend to merchants, and i found the nmi virtual terminal/gateway platform to be the best feature rich low monthly fee deal.

    Whats the business model you are charging for is it web design/marketing or something else? These do get flagged as higher risk by many banks as chargebacks do happen.
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    • Profile picture of the author M Bissonnette
      I suggest paypal over stripe just from my preference.
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  • Profile picture of the author TSDMike
    I'm considering PaySimple.com - anyone have any experience with that one?
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  • Profile picture of the author pertick
    I think paypal is very easy and comfotable way, according to my knowledge.
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  • Profile picture of the author Matt Lee
    Why don't you just take an echeck? I have my clients send me a voided check and a signed agreement that I can debit X amount on the X day of the month and require a 30 day cancellation notice. I literally print my own checks and pay NO fees.
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    • Profile picture of the author iAmNameLess
      Originally Posted by TSDMike View Post

      I'm considering PaySimple.com - anyone have any experience with that one?
      About as equally awful as paypal.

      Originally Posted by TSDMike View Post

      There will be basically no chargebacks, since this is not a membership deal. Any suggestions?
      This is a very bad outlook. There WILL be chargebacks, there's always chargebacks. It doesn't matter if it's a membership site, if it is for offline services, for actual tangible items someone purchases, whether you have shipping confirmation, contracts, everything, chargebacks will happen.

      What you want, if you insist on processing credit cards instead of doing checks, is a company that is able to work with you on chargebacks. Paypal is awful when it comes to that. Paysimple is not good either. You probably want to get an account through first data or even your bank with an authorize.net setup for your online gateway.

      I am a big fan of printing out your own checks.. avoid the fees completely, no chargebacks, less compliance issues.
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      • Profile picture of the author 9999
        I have been using square but should look into printing cheques. Square does not offer recurring, wish it did though!
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        • Profile picture of the author Matt Lee
          Originally Posted by 9999 View Post

          I have been using square but should look into printing cheques. Square does not offer recurring, wish it did though!
          Take their CC number and make it recurring. You can manually key numbers for a slightly higher fee.

          But printing checks is the way to go. I wish more of my clients would jump on board. The 3 campaigns that pay by check save me about $170 in fee's per month. But 97% of something is much better than 100% of nothing.
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      • Profile picture of the author TSDMike
        Originally Posted by iAmNameLess View Post

        About as equally awful as paypal.



        This is a very bad outlook. There WILL be chargebacks, there's always chargebacks. It doesn't matter if it's a membership site, if it is for offline services, for actual tangible items someone purchases, whether you have shipping confirmation, contracts, everything, chargebacks will happen.

        What you want, if you insist on processing credit cards instead of doing checks, is a company that is able to work with you on chargebacks. Paypal is awful when it comes to that. Paysimple is not good either. You probably want to get an account through first data or even your bank with an authorize.net setup for your online gateway.

        I am a big fan of printing out your own checks.. avoid the fees completely, no chargebacks, less compliance issues.
        Thanks for the feedback. I am now looking at bill.com. It looks promising so far.

        As to chargebacks - all of my contracts are non-refundable. I've had exactly one in 5 years of doing business... and that was because the transaction in question had accidentally been flagged as among a bunch of other fraudulent activity. I'm not discounting what you're saying - only that my experience is that it's currently a non-issue.

        How do you print your own checks exactly? Can you point me to a resource for more info?
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  • Profile picture of the author celente
    I do not like this questions,

    and you will get silly billies that say one processor is better or converts better....

    NO! incorrect, if you are doing your job and people are craving for your stuff, it does not matter,

    Paypal (there is nothing wrong with it) and a few others work for us, but its not about the processor like some think, its about your work, your advice, your assistance and what you are giving in TERMS OF VALUE that matters.

    If you giving value, people will fall over backwards to try and join using whatever payment procesor you have set up.

    :-)
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