Paypal and Merchant Account Choices
So you want to accept credit cards on your website?
Cost & Fees
- Monthly Fee for the Merchant Account
- Monthly Fee for the Gateway
- Flat Cost per transaction (Ex. .30)
- Percent Cost per transaction (Ex. 2 to 3% average)
Recommended Solutions
- Paypal
- Authorize.net
1. Paypal
Paypal has 2 different options:
- Website Payments Standard - No Monthly fee
- Website Payments Pro - $30/month
View more details and View A Comparison Chart of the 2. At 3plains, use website payments pro, but then you pay another $30/month. It's more seamless/professional so customers pay on your site vs. paying on paypals. What's the main difference between the 2 above?
Please watch this video to explain it. The biggest difference is customers make payments on YOUR website rather than link to PayPal. Will this help your business or hurt it? It's up to every business owner to decide and figure out the volume of sales as well. is $30/month extra worth it? Will you make up the extra amount in sales and do you want people to pay on your website to make it look more professional to the user?
These questions are for you to answer and we can help you decide if needed. A good starting point would be Website Payments Standard and moving up to a Websites Payments Pro if your not sure. If you have the money, Website Payments Pro is the way to go for the extra $30/month or $360/year.
2. Authorize.net
Check out www.authorize.net.
Payment Gateway Account
- Setup $99-$299
- Monthly Gateway - $15
- Per Transaction - .10
Internet Merchant Account
- Monthly Statement - $10
- Per- Transaction - .25
- Visa/MCard Rate - 2.39%
