Best Company to Process Online Payments

[FooCanada]

Hi,
I am new to the forum and to running my own business. We are a small company who need to be able to take payment and a deposit online for our service. Once the service is complete, I need to be able to refund the deposit. We won't have a very high volume of transactions. I was wondering what you would suggest for taking payment. I want to do it at the lowest cost to me (don't we all). Guidance and advice would be greatly appreciated! Thanks!

[matdwyer]

Sounds like a Virtual Terminal is what you're looking for. You manually enter the information.

Runs approx $30/month + 2%ish. You can check http://feefighters.ca which is like a kayak for credit card processing. I use Helcim.com

[Cristian_01]

Hi,
I am new to the forum and to running my own business. We are a small company who need to be able to take payment and a deposit online for our service. Once the service is complete, I need to be able to refund the deposit. We won't have a very high volume of transactions. I was wondering what you would suggest for taking payment. I want to do it at the lowest cost to me (don't we all). Guidance and advice would be greatly appreciated! Thanks!

Hi,
I am not sure I understand - are you going to use online processing just for deposit/refund, or some of the money is actually going to stay in your account? (as in - you will use your online processing to accept payments without the refund part)

If it's just the deposit/refund thing, most companies I know of (including the one I sell for) would not be willing to deal with you. It will also be detrimental to your business - some of the companies out there charge you a fee for refunds (around $25 per item), aside from you paying the transaction fees.

If you are interested in discussing this further, or in the options we offer, please send me a private note. Be careful regardless of the company you deal with.
Cristian.

[FooCanada]

PM sent

[chen1026]

Hi,
I am new to the forum and to running my own business. We are a small company who need to be able to take payment and a deposit online for our service. Once the service is complete, I need to be able to refund the deposit. We won't have a very high volume of transactions. I was wondering what you would suggest for taking payment. I want to do it at the lowest cost to me (don't we all). Guidance and advice would be greatly appreciated! Thanks!

www.payfirma.com
a company which is based in vancouver canada.....the one and only....

[Fish0912]

Chasepayment is not bad. try it out

[victorawesome]

I'm currenlty using http://www.vogogo.com.

It's $0.99 per transaction.

[fantom]

You can check http://feefighters.ca which is like a kayak for credit card processing.

wow, that's neat... nice comparison table with all the monthly costs, fees, etc...

[MrKap]

Entirely depends on what your selling.

Jmo...

I don't want to upset anyones choice, so, just be aware that they aren't all the same.

[flafson]

I'm currenlty using http://www.vogogo.com.

It's $0.99 per transaction.

That's not really 99 cents per transaction. Only eCheck and Online Bill are 99 cents.
Credit card which is the majority of transactions i would guess is 2.2% + 25 cents.

EDIT: It also depends on volume, if you don't have that expect to pay more.

[Cristian_01]

That's not really 99 cents per transaction. Only eCheck and Online Bill are 99 cents.
Credit card which is the majority of transactions i would guess is 2.2% + 25 cents.

EDIT: It also depends on volume, if you don't have that expect to pay more.

Well, let me say this again:

Virtual terminal (where you manully input the CC info on a website):
Do not accept a flat rate higher than 2.25% + 10 cents per transaction.

E-commerce (your website has a shopping cart):
Not higher than 2.5% + 12 cents per transaction.

In both cases, some providers may be able to do a little better.

Your volume should not make any difference unless you go over $75K to $80K per month. (or over 5 to 7 hundred transactions per month)
Cristian.

[victorawesome]

That's not really 99 cents per transaction. Only eCheck and Online Bill are 99 cents.
Credit card which is the majority of transactions i would guess is 2.2% + 25 cents.

You are correct. I only do eChecks which are are 99 cents, so I didn't even look at credit cards.

[retteas]

have you considered paypal? why or why not?

[CustomsBroker]

We are using E-Moneris Solutions and happy with it.
You have a web-based terminal and very easy to reach from whatever place.
Support service is good as well.

[silicontraveler]

paypal ends up being preferred because of the ease of use. If you lose one sale because of difficult check out that it.