Sending and Receiving Payments without Paypal??

lachlan

Hi,

I know the easiest way to do this is using Paypal. But I was wondering if anyone could help me, I would really like to know how I could receive a payment and or pay a client without them having to create a paypal account.

Is it possible to wire money in and out of a personal debit or credit card account from a specified business account??

thanks in advance. lachlan.

mediafly

you would have to set up a merchant account somewhere. If you are not going to be doing a large amount of transactions then I would just use paypal.

justsomeone

It depends on where you're operating from, lachlan, and on what you want to achieve.

Globally, the standard is to setup a merchant account (ie get an account that Visa, AmEx, MC etc can pay into), and sign up with a payment processor (ie a service which can charge cards on your behalf). Then, with a little coding to get it up and running on your site, you should be able to accept credit cards like the big boys 🙂

If you're in Germany, I understand that people are much more comfortable dealing with direct transfers from one account to another. You just type your bank account details into the check out form. I haven't ever had to set one of these up, so I don't know how it's done.

Other systems may apply in other jurisdictions.

Some years ago, Western Union operated a service whereby cash could be wired to you from your checkout screen. This was handy for people who didn't want to use credit cards. The downside was that they had to go to their local WU rep to get the cash wired. This service may still be operating, check out their site.

Does any of this sound interesting to you?

lachlan

yes, that is really helpfull. so if I did set up a merchant account are there still large fees that are attached by using this type of system.

All I have to go on is fees that Paypal uses, these I feel are quiet high between 2 and 3% plus a fee of $0.50 each transaction.

Also how and where would I find out about setting up a merchant account, is this something that I would do with a bank?? Are you suggesting that I use a Business account, or is this a service that I would join on the internet??

thanks Lachlan.

mikawhat

Try 2CheckOut. Is like PayPal but the buyer doesn't have to open an account. It's has a setup fee of $25 i think, but that's nothing compares to a merchant like VeriSign!

justsomeone

No matter who you go with, you will have to pay for the service.

Usually your cost will be under three headings:
- percentage of transaction (% reduces as you do more business)
- flat rate per transaction
- monthly service fee

I'm afraid you need to shop around to see where the best value is. I say "best value", because cheapest won't always be best - you need to think about ease of integration, quality of tech support, turnaround on payments, etc etc.

lachlan

hey thanks very much, i think you have really pointed me in the right direction...

justsomeone

glad to help 🙂

The last payment systen I integrated was through www.worldpay.com - very slick interface.

gufmn

Another thing to note is that some processing companies (meaning whoever your merchant account is set up with) will only work with certain gateways. You might want to ask.

The last time I set something like this up was through authorize.net. Setup was around $200 plus monthly/transaction fees.