wizardsandwars Posted May 25, 2005 Share Posted May 25, 2005 (edited) Fees for an merchant account an Authorize.net payment gateway are typically as follows. -No money down, or up front -$30 monthly fee includes virtual terminal statemetn fee, and all other monthly type fees for both merchant account and gateway - 2.25% of each transaction - $0.30 per transaction (I've seen as low as $0.19) It doesn't take much processing volume to be less expensive than 2checkout. I'd start by contacting one of the official auth.net resellers, which are found here... http://www.authorize.net/solutions/merchan...ellerdirectory/ Edited May 25, 2005 by wizardsandwars Quote ------------------------------------------------------------------------------------------------------------------------- NOTE: As of Oct 2006, I'm not as active in this forum as I used to be, but I still work with osC quite a bit. If you have a question about any of my posts here, your best bet is to contact me though either Email or PM in my profile, and I'll be happy to help. Link to comment Share on other sites More sharing options...
Jumping Rabbit Posted May 25, 2005 Share Posted May 25, 2005 Some tips.... US: Authorize.net Verisign Payflow pro Linkpoint UK: Protx Direct HSBC Velocity Pay Direct Europe: Metacharge World: Worldpay Paypal Stormpay Chronopay merchantboss Asia: Thaiepay Payment Express (DPS) And so many more....just do a google search or just look through the payment modules in the contribution section. Quote Faster Checkout - osCommerce Knowledge Base - Anyone meet offline?, Has anyone of you cyberkids meet offline? For newbees do atleast read this 4 points: Basic info - Search tips and help - Posting tips and help - Basics for Design Link to comment Share on other sites More sharing options...
braclark Posted May 25, 2005 Share Posted May 25, 2005 Thank you for the reply wizardsandwars. I was kind of confused as to the best way to start out. I have to talk to a local rep instead of just dealing directly with them? Are fees the same from the different resellers? Right now, I only use paypal, but it looks like just one or two of my lost sales per month may make up for the monthly fees. Quote Link to comment Share on other sites More sharing options...
wizardsandwars Posted May 25, 2005 Share Posted May 25, 2005 Fees will vary from reseller to reseller. Any of the resellers on that list can set you up in short order. Watch out for any that try to charge you a one time 'set up fee'. The gateway set up should be free. Quote ------------------------------------------------------------------------------------------------------------------------- NOTE: As of Oct 2006, I'm not as active in this forum as I used to be, but I still work with osC quite a bit. If you have a question about any of my posts here, your best bet is to contact me though either Email or PM in my profile, and I'll be happy to help. Link to comment Share on other sites More sharing options...
Jumping Rabbit Posted May 25, 2005 Share Posted May 25, 2005 Fees will vary from reseller to reseller. Any of the resellers on that list can set you up in short order. Watch out for any that try to charge you a one time 'set up fee'. The gateway set up should be free. <{POST_SNAPBACK}> A setup fee can be ok too, always check it against the running cost/monthly fees. Lets take authorize.net as an example, yes you can get it with free setup from some resellers but then you get a higher monthly fee. This will in turn lead to a short term win, but if you use the service over a prolonged periode it will be more expensive if you choose the no setup fee option.... So read all the fine print and consider the total package before making your final choice... Quote Faster Checkout - osCommerce Knowledge Base - Anyone meet offline?, Has anyone of you cyberkids meet offline? For newbees do atleast read this 4 points: Basic info - Search tips and help - Posting tips and help - Basics for Design Link to comment Share on other sites More sharing options...
wizardsandwars Posted May 25, 2005 Share Posted May 25, 2005 I agree that you should read the fine print, however, having no set up fee doesn't always mean you'll pay higher monthly fees. Almost all of the resellers on the list I provided have the same monthly rates, however, some of them have no set up fee, some of them charge $100, and other even charge as much as $200 for setup. But they rarely vary more than $5 in monthly rates. Quote ------------------------------------------------------------------------------------------------------------------------- NOTE: As of Oct 2006, I'm not as active in this forum as I used to be, but I still work with osC quite a bit. If you have a question about any of my posts here, your best bet is to contact me though either Email or PM in my profile, and I'll be happy to help. Link to comment Share on other sites More sharing options...
Jumping Rabbit Posted May 25, 2005 Share Posted May 25, 2005 I agree that you should read the fine print, however, having no set up fee doesn't always mean you'll pay higher monthly fees. Almost all of the resellers on the list I provided have the same monthly rates, however, some of them have no set up fee, some of them charge $100, and other even charge as much as $200 for setup. But they rarely vary more than $5 in monthly rates. <{POST_SNAPBACK}> You can get the montly for about 10us , this means a save of 20us every month when compared to your initially mentioned 30us. Then 12 months would make this a save of 240us , 24 months a save of 480us and so on...... :D :lol: :D Quote Faster Checkout - osCommerce Knowledge Base - Anyone meet offline?, Has anyone of you cyberkids meet offline? For newbees do atleast read this 4 points: Basic info - Search tips and help - Posting tips and help - Basics for Design Link to comment Share on other sites More sharing options...
Jumping Rabbit Posted May 25, 2005 Share Posted May 25, 2005 (edited) Please disregard my last replay, a case of not reading the fine print closly enough...... :D :lol: :D But then again, this demonstartes the importance of reading the fine print.... :lol: :D :lol: Edited May 25, 2005 by Jumping Rabbit Quote Faster Checkout - osCommerce Knowledge Base - Anyone meet offline?, Has anyone of you cyberkids meet offline? For newbees do atleast read this 4 points: Basic info - Search tips and help - Posting tips and help - Basics for Design Link to comment Share on other sites More sharing options...
Jumping Rabbit Posted May 25, 2005 Share Posted May 25, 2005 Cheap authorize.net reseller with 0 set up fee, charge.com Quote Faster Checkout - osCommerce Knowledge Base - Anyone meet offline?, Has anyone of you cyberkids meet offline? For newbees do atleast read this 4 points: Basic info - Search tips and help - Posting tips and help - Basics for Design Link to comment Share on other sites More sharing options...
wizardsandwars Posted May 25, 2005 Share Posted May 25, 2005 yeah, in the $30, I was including all monthly fees for the merchant account and the geteway. I've seen it as low as $25, but never lower than that for everything. $10 would be impressive. One of my favorites is http://www.mbankcard.com (no affiliation) Quote ------------------------------------------------------------------------------------------------------------------------- NOTE: As of Oct 2006, I'm not as active in this forum as I used to be, but I still work with osC quite a bit. If you have a question about any of my posts here, your best bet is to contact me though either Email or PM in my profile, and I'll be happy to help. Link to comment Share on other sites More sharing options...
braclark Posted May 25, 2005 Share Posted May 25, 2005 I just looked through the whole list of national re-sellers, and the cheapest I found was: Merchant Plus $17.90/mo 2.29%+$0.30 No Setup Sound good? Quote Link to comment Share on other sites More sharing options...
braclark Posted May 25, 2005 Share Posted May 25, 2005 A couple others I found that were kind of close were: http://www.freeauthnet.com/ http://www.merchant-systems.com/pricing.epl http://www.merchant-accounts.com/merchant_...uthorizenet.htm Although it seems that most places don't advertize their rates. Some even said that they weren't allowed to. Quote Link to comment Share on other sites More sharing options...
wizardsandwars Posted May 25, 2005 Share Posted May 25, 2005 (edited) Yeah, the $17.90 one sounds good, but I have a feeling there's a $10 statement fee, or a 10 gateway fee that they aren't telling you about there. They are almost always $25-$30 per month, when all is said and done. But if you find one for $17, that's awesome. Edited May 25, 2005 by wizardsandwars Quote ------------------------------------------------------------------------------------------------------------------------- NOTE: As of Oct 2006, I'm not as active in this forum as I used to be, but I still work with osC quite a bit. If you have a question about any of my posts here, your best bet is to contact me though either Email or PM in my profile, and I'll be happy to help. Link to comment Share on other sites More sharing options...
AWWWW.WAHWAH Posted May 26, 2005 Share Posted May 26, 2005 All in all ... forget garbage like iKobo or Money Bookers or e-Gold. Come on! If you want to hit the general masses ... go with PayPal, accept money orders and checks, Qchex.com and a good credit card processor. Quote Link to comment Share on other sites More sharing options...
braclark Posted May 26, 2005 Share Posted May 26, 2005 I just looked through the whole list of national re-sellers, and the cheapest I found was:Merchant Plus $17.90/mo 2.29%+$0.30 No Setup Sound good? <{POST_SNAPBACK}> I just called them, and there is also a minimum $25/mo fee, but I pay three times that to paypal already. So I guess if you don't have any transactions, your monthly fee would be $42.90. Quote Link to comment Share on other sites More sharing options...
gtd_ny Posted May 26, 2005 Share Posted May 26, 2005 I just called them, and there is also a minimum $25/mo fee, but I pay three times that to paypal already. So I guess if you don't have any transactions, your monthly fee would be $42.90. <{POST_SNAPBACK}> Yeah, check for Gateway Fees, Customer Service fees, etc. Trust me, they are all in there somewhere. Quote Link to comment Share on other sites More sharing options...
gtd_ny Posted May 26, 2005 Share Posted May 26, 2005 All in all ... forget garbage like iKobo or Money Bookers or e-Gold. Come on! If you want to hit the general masses ... go with PayPal, accept money orders and checks, Qchex.com and a good credit card processor. <{POST_SNAPBACK}> However, people like using the debit/credit cards without paypal. I have had carts abandoned when buyers went to paypal. - (even though they did not have to register) Go figure. Quote Link to comment Share on other sites More sharing options...
wizardsandwars Posted May 26, 2005 Share Posted May 26, 2005 (edited) The key is in the re-direct. most customers simply do not like to be re-directed to a new website to make payment. If paypal ever developed a gateway, they'd make a fortune, and put every other merchant account and payment gateway out of business. Edited May 26, 2005 by wizardsandwars Quote ------------------------------------------------------------------------------------------------------------------------- NOTE: As of Oct 2006, I'm not as active in this forum as I used to be, but I still work with osC quite a bit. If you have a question about any of my posts here, your best bet is to contact me though either Email or PM in my profile, and I'll be happy to help. Link to comment Share on other sites More sharing options...
Jumping Rabbit Posted May 26, 2005 Share Posted May 26, 2005 The key is in the re-direct. most customers simply do not like to be re-directed to a new website to make payment. If paypal ever developed a gateway, they'd make a fortune, and put every other merchant account and payment gateway out of business. <{POST_SNAPBACK}> I second that statement..if not out of business, atleast the other would have to reduce their rates considerably to compete. Quote Faster Checkout - osCommerce Knowledge Base - Anyone meet offline?, Has anyone of you cyberkids meet offline? For newbees do atleast read this 4 points: Basic info - Search tips and help - Posting tips and help - Basics for Design Link to comment Share on other sites More sharing options...
herbgeek Posted May 26, 2005 Share Posted May 26, 2005 I'm just curious.... which one did you end up using, and which you were ultimately satisfied with? My Webpage... IN THE MAKING Quote Link to comment Share on other sites More sharing options...
herbgeek Posted May 26, 2005 Share Posted May 26, 2005 Cheap authorize.net reseller with 0 set up fee, charge.com <{POST_SNAPBACK}> Would that be chargetoday.com ??? They are the only one's on the authorize.net reseller list that was referenced: ChargeToday.com 800.836.4295 Merchant Account Team Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.