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Need to process payments?
51–60 of 100 posts
Re: Need to process payments?
#52I am not US based but still need a decent payment processing system. All existing payment processing companies are US-centric. Any luck for us?
Specifically, there's almost nobody out there that can handle payments to non-US citizens. Give me something exactly like Amazon FPS, but that allows sending money to somebody in Peru, and I'll pay you for it.
Re: Need to process payments?
#53Out of curiosity, what would be the main differences to chargify and cheddargetter?
Chargify and Cheddargetter and Recurly are competitors and their products are pretty similar. I cannot speak to their specific benefits and disadvantages.
Re: Need to process payments?
#54Earlier quoted context omitted.
I have the same questions. The most frustrating part of shopping around for these types of services is trying to figure out whats included and what isn't. Perhaps its just the nature of this market, but the fact that I have to purchase and manage additional services just to someone's special 'payment subscription service' is a pain.
This is a shameless plug, but at http://transfs.com (transparent financial services) we have a free webservice that helps you compare various payments options. It's strictly private and requires no commitment of any kind. Basically it's like Kayak for payments. However, we don't do international yet, so probably can't help the original poster. International payments are really hard, there are many fewer options in mo…
Sign up, give my email address and information about my business before seeing ANYTHING?
Sorry, in today's world this just won't cut it ...
Re: Need to process payments?
#55I am not US based but still need a decent payment processing system. All existing payment processing companies are US-centric. Any luck for us?
Actually... since these guys are YC - I offer my .02Cents. There are a number of us in this exact situation and it is a GIANT pain point. This market is basically untapped... if you can/want to tackle non-US payment processing, you will make a killing.
I do consulting work for a friend who has a surprisingly common problem:
He needs to do card processing but only certain times out of the year. He goes to conventions and sells merchandise, etc and wants to be able to take credit cards but the monthly & inactivity fees would wipe him out.
So far all I've seen that could fix this potentially is Square, but they have yet to ship out their swiping widgets to use to try it out.
If someone can find a way to make it affordable to process cards "When you need it" it might be huge.
Re: Need to process payments?
#56Earlier quoted context omitted.
We moved from Authorize.net to PayPal Web Payments Pro. Much happier now. Braintree was outrageously expensive when I looked at it, so I didn't even consider it.
Our (Braintree) fees are competitive. We have a higher monthly minimum than some, if that's what you're referencing, but otherwise if a merchant is processing a few thousand dollars a month our fees are right in line. We are different than others in the industry. We engage in a meaningful way with our customers. We educate them on the risks, nuances and best practices. We try to properly assess risk upfront instead o…
Braintree does even out on fees once the merchant hits a few thousand dollars a month in transactions. After grueling research, I wanted to use Braintree for a number of reasons, many of which you've pointed out. But the thing I am bootstrapping may take 6-24 months to get to the point where the Braintree minimums aren't putting me in the red. My calculations showed I might have had $3,000 to $5,000 in fees stacked up with Braintree before my volume caught up. A Braintree salesman did try to work with me and agree to reduce _some_ of the fees for the first 3 months, but the numbers still didn't work out Its a startup, I have no idea when Google will decide I'm worthy of being indexed. I have no idea how many experiments I have to run before I hit a sweet spot. So I begrudgingly went with PayPal Standard. Now, I have a few subscribers and I'm going to upgrade to PayPal Pro since that's only $29 a month fee, which is better than most. I have to roll the dice and hope I get the service I need from PayPal if it comes to it.
Re: Need to process payments?
#57Earlier quoted context omitted.
Have you actually gotten a lot of chargebacks? I've heard that the industry significantly exaggerates the amount of chargebacks that actually occur.
We haven't launched yet, but we're a digital goods marketplace and my intuition is that our niche audience may have a high chargeback rate. We're looking for any additional protection so we don't stumble out of the gate.
Use Clickbank then. Everything you mention is what they've been doing for a decade.
Re: Need to process payments?
#58Clearly there is a pain here, so it would be awesome to see someone solve it.
I'm really curious how they plan to do it though - since it seems like you'd essentially have to start your own bank to streamline the process. Too much regulation for that. What work around did they find??
Re: Need to process payments?
#59WE integrated with Amazon FPS. But customers didn't have AMZN accounts etc, so we started using the POMC method. "Plain Old Mail the Check". No more cuts. no more hassles.
Re: Need to process payments?
#60Earlier quoted context omitted.
Actually... since these guys are YC - I offer my .02Cents. There are a number of us in this exact situation and it is a GIANT pain point. This market is basically untapped... if you can/want to tackle non-US payment processing, you will make a killing.
I do consulting work for a friend who has a surprisingly common problem: He needs to do card processing but only certain times out of the year. He goes to conventions and sells merchandise, etc and wants to be able to take credit cards but the monthly & inactivity fees would wipe him out. So far all I've seen that could fix this potentially is Square, but they have yet to ship out their swiping widgets to use to try…
Have they shipped any of the swiping widgets yet? I signed up about a month ago and still haven't heard anything.