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Need to process payments?

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Re: Need to process payments?

#11

Post by NEPatriot »

bdickason wrote: post #9

I just sent them an e-mail. I'm hoping this is a payment gateway :D Have a call with Braintree, but they require monthly minimums and a setup fee. If there was a scalable solution as follows, I'd jump onboard immediately: -Create an account (Free) -Start accepting payments at a slightly higher percent (3.5%?) -Percentage goes down as volume increases End the negotiation, setup fees, etc that are stuck in this archaic…

I'm with you and see this as the solution to this mess as well. Give me a high % no monthly and lower my risk, once I've gotten some business and scale we can do the monthly thing.

Re: Need to process payments?

#12

Post by mgrouchy »

I don't know what this startup is, but one option for startups to get started with payments is http://chargify.com , their api is pretty solid and they are good with support and are focused recurring payment processing. Only issue is you still need a payment gateway such as Braintree, Authorize.NET, etc.

Re: Need to process payments?

#13

Post by bdickason »

NEPatriot wrote: post #11
bdickason wrote: post #9

I just sent them an e-mail. I'm hoping this is a payment gateway :D Have a call with Braintree, but they require monthly minimums and a setup fee. If there was a scalable solution as follows, I'd jump onboard immediately: -Create an account (Free) -Start accepting payments at a slightly higher percent (3.5%?) -Percentage goes down as volume increases End the negotiation, setup fees, etc that are stuck in this archaic…

I'm with you and see this as the solution to this mess as well. Give me a high % no monthly and lower my risk, once I've gotten some business and scale we can do the monthly thing.

Unfortunately, the credit card companies seem to disagree :( Or at least that's the response my brick and mortar payment gateway has given me in the past for something like this :(

To get a decent rate for our salon, we had to project ridiculous revenue and pray that we came close to it to even get a reasonable rate.

Re: Need to process payments?

#14

Post by sunir »

mgrouchy wrote: post #12

I don't know what this startup is, but one option for startups to get started with payments is http://chargify.com , their api is pretty solid and they are good with support and are focused recurring payment processing. Only issue is you still need a payment gateway such as Braintree, Authorize.NET, etc.

Hey, quick question. How long did it take you to get set up with Chargify?

Re: Need to process payments?

#15

Post by NEPatriot »

bdickason wrote: post #13
NEPatriot wrote: post #11

Earlier quoted context omitted.

I'm with you and see this as the solution to this mess as well. Give me a high % no monthly and lower my risk, once I've gotten some business and scale we can do the monthly thing.

Unfortunately, the credit card companies seem to disagree :( Or at least that's the response my brick and mortar payment gateway has given me in the past for something like this :( To get a decent rate for our salon, we had to project ridiculous revenue and pray that we came close to it to even get a reasonable rate.

You should checkout squareup.com/features - I don't work for them. No monthly fees. 2.75% + $.15 if card is present. Though I think they are in beta and people in the forums were complaining about not getting the hardware last I looked about a week ago. It's for brick and mortar operations.

Re: Need to process payments?

#17

Post by pdx »

loumf wrote: post #10

Just to put my two cents out there in case someone knows someone who does this. I consider what Apple does to be exactly what I want on the web. I just fork over 30% (no minimums) and literally never think about it. I get that I need to integrate for the web, but I don't want much more than that. I'm not trying to build a big business, just some side stuff where any time spent on payment processing is a huge impedime…

I'm a little confused what you're asking for. Do you want them to run the web store as well, so you really don't have to think (such as yahoo does?), or do you just want somebody to process transactions for you, (such as PayPal, Amazon Payments, and Google Checkout do?)

For somebody willing to drop 30% (or even 3%-5%) on a payment processing solution, there are lots of them.

But, I bet we could convince Steve Jobs to create "Apple Payments", and charge you 30%, and I bet there are a lot of people who would do it.

Re: Need to process payments?

#18

Post by nissimk »

I don't understand why I need anything more than Paypal? Everybody else seems to just charge more and I don't see what you get for that. Isn't credit card processing online a commodity and using the least expensive solution the way to go?

Re: Need to process payments?

#19

Post by [deleted] »

loumf wrote: post #10

Just to put my two cents out there in case someone knows someone who does this. I consider what Apple does to be exactly what I want on the web. I just fork over 30% (no minimums) and literally never think about it. I get that I need to integrate for the web, but I don't want much more than that. I'm not trying to build a big business, just some side stuff where any time spent on payment processing is a huge impedime…

[deleted]

Re: Need to process payments?

#20

Post by bdickason »

mgrouchy wrote: post #12

I don't know what this startup is, but one option for startups to get started with payments is http://chargify.com , their api is pretty solid and they are good with support and are focused recurring payment processing. Only issue is you still need a payment gateway such as Braintree, Authorize.NET, etc.

The payment gateway is still the bottleneck. Call it the only piece in the value chain that hasn't been 'modernized.'
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