Monday, March 11, 2013

Alternative Paypal Merchant Accounts


Find an e-commerce solution that fits with your business
2Checkout
2Checkout is an e-commerce solution that allows merchants to accept customer payments via PIN Debit, Visa, MasterCard, Discover, American Express, Dinners, JCB, debit cards with the Visa and MasterCard logo, PayPal, and PayPal Pay Later. There is a one-time set up fee of $49 and a fee of 5.5% + $0.45 for each transaction. 2Checkout has an extensive list of prohibited items, so be sure to check that your products don't fall within any prohibited categories. One potential downside is that payments are only issued once a week.
AlertPay
AlertPay is an alternative to PayPal that offers two types of accounts: business and payment. The business account is ideal for merchants, with a transaction fee of 2.5% +$0.25. If you have more than one business, you can manage them all with one AlertPay account. AlertPay also offers FDIC (Federal Deposit Insurance Corporation) and CDIC (Canada Deposit Insurance Corporation) pass-through insurance on your deposits.
TrialPay
TrialPay is a more unconventional e-commerce solution best suited for software and online service providers. Merchants at TrialPay give away free online products that can be instantly delivered to shoppers who complete a TrialPay offer from a variety of vendors such as the GAP, Netflix and Starbucks. The vendors then pay the merchants as much as, if not more, than the product's price. TrialPay can be integrated into other shopping cart systems.
Google Checkout
Google Checkout is another secure, payment alternative to PayPal that can be easily integrated into your website. Fees can be as much as 2.9% + $0.30 per transaction, depending on your monthly sales. Fees for monthly sales that exceed $100,000 are reduced to 1.9% + $0.30. Google Checkout is a basic shopping cart and doesn't provide over-the-phone customer support. Often, when dealing with Google Checkout's email support, you are simply redirected to their forums, which can be frustrating for merchants eager to get their issues resolved.
Securenetshop
Securenetshop is another traditional shopping cart alternative. Like PayPal, Securenetshop boasts 24-hour customer support and online sales tracking and reporting. The transaction fee is 2.18% + $0.25 and there is a monthly statement fee of $10 and a gateway fee of $20. As of October 15, 2009, Securenetshop includes an application fee.

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