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    1. Kylie Minogue is offline

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      #1

      List of Online Checkout Payment Processors

      Im looking for some recommendations for online payment processors to add a checkout feature to my business. Can anyone recommend some quality companies? How do they help your business function more smoothly? What features should I look for?
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    2. Skipper is offline

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      #2
      This is a great question because any online business has to have a reputed payment processor, and one that suits your current needs. It’s also helpful for it to have features that you can grow with. Ultimately, you might find that you have to change processor companies if you grow much larger, but then you have to learn a new program in the process. Many of the online payment processors have versions that you can grow with by adding updates or upgrading.

      The major thing you should consider, in my opinion, is safety. It’s pretty customary for people to give out their credit card numbers over the internet, but some people are still wary of doing so. Any problems here and your reputation could be irreparably tarnished.

      Here is a list of online checkout processors:

      Sage pay: low monthly fees, starting at �20 per month; multiple payment forms.

      Nochex: no monthly charges; fraud protection; custom payment page.

      BancTec: quick clearing for transactions; archive feature; integrates with standard platforms.

      Avangate: easy integration of products and website; multiple payment forms.

      Intuit: They have low fees and you have the ability to accept payment via your phone. Intuit produces Quicken and TurboTax, although they have processor options that work without it.

      Merchant Plus: Works with almost any type of website store, and they are pretty similar to how PayPal works. Works with mobile phones as well and there’s no monthly minimum.

      Goemerchant: Works with your mobile phone, and particularly well with the iPhone; web-based; no limits on bandwith or product listings; reporting options.

      Cyber Source: UK company with global capabilities; quality fraud control; good security.
      AmazonPayments: Streamlines with website; many people trust its reputable name, increasing security factors.
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    3. Kate Nash is offline

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      #3
      There are a few operations that most checkout processors should offer, but depending on the level of product you decide on, it might not include them. These are areas you should look for:

      • What is the cost to you per transaction? What does the company charge you every time you process a transaction? Most companies charge a percentage of the sale, and can range from 2.5 to 15 percent.

      • Integration: does the software integrate well with the website components?

      • What credit cards do they accept? Which ones do you want to accept?

      • What currencies will it receive? What languages does it translate services for? Will this limit where you can do business?

      • Does it include managing sales tax?

      • How well does it work between the customer’s experience on your website and then with the store? Is the transition seamless? Can you carry over your colors, logo, etc.?

      • Does it allow you to print invoices?

      • What is the customer support? If you’re tech-savvy, you may not need much support, but if you encounter a problem can you access live help? How good are their FAQs? What about a forum? Assessing the customer support will help you take the vitals on what a company offers and what you need.

      You can use these questions to figure out what kind of processor you can use, depending on your business and its needs.

      I would recommend a few payment processes to check out, and they are pretty popular ones that most customers are familiar with.

      PayPal

      Google Checkout

      WorldPay

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    4. SallySoup123 is offline

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      #4
      The increase of webstores has created a lien on companies to produce top-notch products, and you will probably be surprised to discover what some of these payment processors can do. They have incredible features.

      Some companies allow you to process checks electronically, so your customers can pay via check but don’t have to mail you one. The drawback here is, it still takes a while to clear, and it’s a longer wait time than using a credit card.

      Virtual terminals allow you to process credit cards through a variety of means including: fax, phone or post. These tend to be really secure means for transactions and you can often use a computer or phone to manage the program.

      Billing that recurs, lets you set up a timeframe for repeated transactions. This works well for subscription services or memberships.

      AVS, Address Verification System, helps to prevent fraud and it also acts as a layer of protection to prevent chargebacks from occurring. In effect, the program works to verify that the zip codes on the credit card and shipping address match. If they don’t, AVS won’t authorize the payment. Now, this is a positive feature and a negative one if your customer uses different addresses for some reason. For gift shipping, this would obviously cause a problem as well.

      CVV2 is the incorporation of those three security numbers that appear at the end of VISA, MasterCard and Discover. In order to use the card, the customer has to enter this number. It helps to control fraud, which is a plus for any business.

      Integration is important too. Ideally, you want full integration with your site. If your customer moves away from your webpage, you have the increased potential to lose that customer. For example, PayPal doesn’t integrate; your customer is directed to their site for payment and then back to yours when payment is completed.

    5. Grassisgreen is offline

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    6. Kylie Minogue is offline

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      #6
      This is a great list. Definitely, lots to review here. I’ll sit down and see what fits with my business. Thanks a lot.

    7. kevinstylus is offline

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      #7
      Are you already getting regular sales? If so, then the advice in the posts above is excellent - if you're starting up and don't yet have an accurate sales forecast, begin with a gateway that does not charge a monthly fee.
      Test the market first by using a pay-per sale system such as the most basic PayPal option. It may cost you more per transaction but it's better than getting stuck in a 12month contract with a marginally cheaper Gateway provider.

    8. adumpaul is offline

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      #8
      Thank you for sharing nice list.

    9. Lite is offline

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      #9
      Thanks everyone for the informative list, it has provided me with more things to think about and research.

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