Tuesday, December 9, 2008

Paypal - Credit Cards Online

Credit card merchant accounts are complicated, why not just use paypal to accept payment?

It's simple. People trust it. It's not that expensive. Paypal's fees start at:
2.9% + $0.30/transaction for under $3K per month
When you're above $100K per month, it's 1.9% and $.30 per transaction.

There are two plans: Website payment standard and website payment pro. With pro, there are PCI compliance issues. I suspect that the difference between the two is whether the customer says on my page to pay or gets passed over to the paypal website to pay.

Credit cards online might be a lot simpler with paypal. I'm definitely paying more than 1.9% plus $.30 per transaction.

1 comment:

Anonymous said...

www.accept-credit-cards-online.com set my website up to accept credit cards. 2.14% + .23 transaction fee. Don't matter how much you process.