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Minding Your Own Business [This Network is not currently active and cannot accept new posts] | | Topics
Accepting Credit Card payments onlineViews: 453
Jul 13, 2004 4:36 am re: re: Accepting Credit Card payments online

Kurt Schweitzer
Friedrich,

At those rates I'll stick with PayPal. I've set up a business account there that allows me to accept credit card payments from non-PayPal members. The rates (which I thought were high) are 2.7% against the four major credit cards. Also there is no set-up or monthly fees - it's all pay-per-transaction.

You can get lower rates here in the U.S. by going through other (non-PayPal) credit card processors (there are something like five of them - everyone else simply resells their services) but it's hard to beat PayPal's no-risk solution for small start-up businesses.

Kurt Schweitzer


> Friedrich Zettl wrote:
> Janet,
>
>besides credit cards you maybe also want to check PayPal as payment option.
>
>I accept nearly all kinds of payment and as by today maost people use PayPAl as option.
>
>As far as I know you need to have a merchant account with your bank to be able to accept credit cards.
>
>The fees are different. As for me ( European ) 3.75 % Visa, 3.85 % MC and 4,8% AMEX. JBC and Diner appr. the same.
>
>Good Luck!
>
>:) friedrich

Private Reply to Kurt Schweitzer (new win)





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