PayPal Dedication Can Leave Your Business Exposed!
May 25th, 2009 | 
Author: PayPal Dedication Can Leave Your Business Exposed!
To many web users PayPal is not the kind of pal they hadenvisioned when starting their online business. Long on trackhistory but overwhelmingly unpopular among merchants and buyersone is left to wonder why PayPal has continued to grow.
Ignorance and lack of knowledge has a lot to do with PayPal’sgrowth. Many merchants are not aware of the potential problemsthey can encounter depending solely on PayPal for their onlinepayment processing. That is until they encounter potentialcustomers that won’t use PayPal to purchase their products orservices. Or worse they have their PayPal merchant accountsuspended and funds frozen without notice effectively shuttingdown their business.
If you really want to get some idea as to the depth of PayPal’sunpopularity you need only to do a search on Google. Type in”PayPal Complaints” and click enter and see what happens. Over335000 results and still counting. No other online merchantprocessor comes close to having this many dissatisfied customers.
‘Phishing’ is another reason many customers and potentialcustomers are steering clear of PayPal. Not that PayPal is doingthe ‘Phishing’ but they are certainly not making a big enougheffort to stop it. And why should they? They are not ‘Phishing’and they are not losing money. Only the customer is. Virtually100 of online ‘Phishing’ associated with merchant accounts isdone using the PayPal name. And even seasoned web users arebeing scammed by this technique.
Customers can eliminate most if not all of the ‘Phishing’associated with online purchasing by simply using a differentservice. It is that simple! And there are plenty of goodalternatives to PayPal out there that are hungry for yourbusiness. None are as big as PayPal and few have been around aslong as PayPal. But they are reputable and offer a wide varietyof services. And you most likely will never receive any’Phishing’ messages using their names.
So make the change now before it is too late. Our advice is toavoid PayPal if at all possible. And we also would advise you tooffer two different online payment options with at least oneproviding you with the ability to accept payments by check.
Following you will find the most complete listing relating toonline payment options. Brief outlines are meant only to giveyou an idea of what they have to offer. We would suggest takingthe time to visit each site. Your customers will thank you. Andyou will most likely eliminate a lot of headaches in the process.
2CheckOut 2CheckOut has been offering its services since 1999.2CheckOut charges 49.00 to open an account with transactionfees of 5.5 plus 45 cents. It does not charge an applicationfee nor does it impose any monthly or statement fees.http://www.2CheckOut.com
BidPay BidPay has been in business since 1999 and offersservices intended for those that buy and sell at onlineauctions. Sellers receive payments directly to their bank or viaWestern Unionreg; branded money orders. http://www.BidPay.com
BitPass No setup or maintenance fees for selfinstalledproduct. Fees for BitPass Professional range from 15 for itemspriced 0.015.00 up to 5 0.50 for items priced 5.00 andhigher. BitPass provides a platform for digital content commercethat bundles authentication payment and access control.BitPass enables a la carte and subscriptionbased purchases atany price point starting at just one cent. Digital content canbe Downloads Music files stock photography games softwaremovies mobile content crafts; Website Access Premium websitecontent Interactive games subscription sites online comicsblogs interactive panoramic photography; Streaming Mediainternet radio concerts webisodes movies; and Servicespremium database searches web hosting services webinarspremium customer support interactive learning and testing.https://www.bitpass.com
CCNow CCNow is the perfect low cost solution to selling yourproducts online. With CCNow you’ll avoid the upfront expenseand time required to set up ecommerce software merchantaccounts customer service and more. CCNow is a shopping cartsystem that will allow you to take all major credit cardswithout the need of a merchant account. http://www.CCNow.com
ClickBank If you have a unique product or service to sell andit is deliverable over the Internet itself via web pagesfiles or email then ClickBank is for you. They have 100000affiliates ready to promote your product. There is a onetimesetup fee of 50.00. Transactions are 1.00 plus 7.5.http://www.ClickBank.com
DigiBuy Using DigiBuy’s ecommerce service you can quickly andinexpensively build a secure shopping cart to merchandise yourproducts take orders online process payments and distributedigital products over the Internet. Transaction fee is 13.9with a 3.00 minimum. http://www.DigiBuy.com
Ibill In business since 2002 Ibill is perfect for merchantsthat sell services and subscriptions. Merchants can acceptpayments online by credit card check and phone. Has numerousfee schedules but the most common is for businesses that sell upto 9999.00 in a billing cycle. That charge is 15.19.http://www.ibill.com
Ikobo This is a money transfer service that has been providingservices since 2001. No application fee or setup fees andtransaction fees range from 1.99 2.99 plus 29 cents.Payments that are received are deposited to your Ikobo VisaDebit Card or your bank account. http://www.IKobo.com
Moneybookers Ltd. Moneybookers enables any business or consumerwith an email address to securely and costeffectively send andreceive payments online in realtime! Moneybookers delivers aproduct ideally suited for small businesses online merchantsindividuals and others currently underserved by traditionalpayment mechanisms. Does not charge for setup or applying andhas no monthly fee. Transaction fees range from 2 8depending on how payments are made. http://moneybookers.com
MonPay Monpay has been doing business since 2003. With it youcan sell products and services on web sites auctions and evenby email. It does not charge for setup or applying and has nomonthly or hidden fees. Transaction fees for checks or creditcards are 2.95 plus 55 cents. http://www.monpay.com/
PayMate Claims it is the fastest and safest global tradingservice on the Internet. It has no setup fees gateway feesetc. Has a very high User Satisfaction and continues to add newimprovements on a regular basis. Transaction fees for creditcard payments are charged at 2.4. Please visit their web sitefor more information on transaction fees.http://www.paymate.com.au
PaySat With PaySat you can sell your products/services Onlineand enjoy such features as: International Merchants Accepted;Instant Application Approval; Product and Recurring Billing;Easy To Use PlugNPlay Code; Flat Low Rates; No Setup Fee;Multi domain/brand support; and Intelligent Fraud DetectionSystem. PaySat is only in its 2nd year of operation but has apretty good reputation. Transaction fees are 5.3 plus 39 cents.http://www.paysat.com
Paystone Great service that started in 2002. Free to open anaccount with instant approval. Fees to receive payments rangefrom 2.8 0.10 for micropayments to 2.8 0.30 fortransactions over 5.00. There are no setup or monthly fees.http://www.paystone.com
PaySystems PaySystems Internet Merchant Account Solution isdesigned to meet the specific needs of Internet andmail/telephone order merchants. Available for U.S. andEuropeanbased businesses the PaySystems Internet MerchantAccount Solution allows merchants to expand their paymentoptions increase sales and focus their management efforts ongrowing their business. PaySystems has no application fees andno merchant account setup fees. Offers highly competitive rateson transaction fees but you must contact them using their onlineform at http://eforms.paysystems.com/ps/info/ for moreinformation. http://www.paysystems.com
ProPay USA With ProPay merchants can accept payments by creditcard on the Internet and by phone. There is no expensiveequipment no statement / gateway fees and no long termcontracts to use their service. Annual fees range from 34.95299.95 with transaction fees ranging from 3.50 plus 0.35 to2.69 plus 0.25 depending on the type of account you desire.http://www.ProPay.com
RegNow RegNow is the software industry’s premier registrationcommerce provider. RegNow makes running a successful onlineshareware or software publisher business easy by putting ahighly advanced platform customizable technology and powerfulresources right at your fingertips. No charge to apply but thereis a onetime account activation fee of9.95 and transaction feeis 16 with a 2.00 minimum charge. http://www.regnow.com/
RegSoft.com In business since 1998 RegSoft.com provides an easysystem for users to pay for software and data licensing fees byproviding a variety of payment methods. There is a onetimesetup fee of 50.00 and transactions are processed at 8.9 witha 3 minimum. http://www.regsoft.com
shareit! shareit! is used by over 30000 Software Publishersfor their eCommerce Solution. shareit! works on a commissionbasis. In other words after licensing your program they retaina service charge of either USD/EUR* 2.95 5 Pricing Model Aor 14.9 but no less than USD/EUR* 2.50 Pricing Model B andand forward the remaining amount to you. http://www.shareit.com
StormPay A very good service which has been around since 2002.Free to open an account with instant approval. Fees to receivepayments are 6.9 plus 69 cents. There are no setup or monthlyfees. https://www.stormpay.com
SWREG SWREG the oldest online software store in the world hasbeen in existence since 1987. All their prices include creditcard processing on their merchant account. Technically you sellto SWREG on consignment and they sell on to the end user. SWREGaccepts Micro Payments for 69 cents for items to 7 in value.Default discount is 1 6 with a minimum fee of 1.50 2surcharge for American Express. This account will be charged a20 monthly fee with the first payment to you each month madewith no transmission costs free wire for instance. Visithttp://www.swreg.org/pages/pricing.htm for complete pricinginformation. http://www.swreg.org
YowCow YowCow is a new company that offers online processing anda 5level deep affiliate program. No merchant account is neededand you can begin selling today with no monthly fees and a freeshopping cart. Has numerous account plans available. Pleasevisit http://www.yowcow.com/yowcow.php?module=pricing forindepth information. http://www.yowcow.com
Other Options Worth A Look:
Cardservice International at http://www.chargeitnow.comCharge.Com at http://www.charge.com/index.shtml Credit CardProcessing Services at http://www.mcvisa.com FreeMerchant.comat http://www.freemerchant.com Free Merchant Source athttp://www.freemerchantsource.com egold athttp://www.egold.com GreenZap athttp://www.greenzap.com/default.asp IntGold athttp://intgold.com Merchant Warehouse athttp://www.merchantwarehouse.com Peppercoin athttp://corp.peppercoin.com Total Payment Solutions athttp://www.totalpaymentsolutions.com VirtualBank athttp://www.virtualbank.com
===================================================================== About the Author: Drew Michael is a webmaster and marketer.He is the owner of The Business Junction athttp://www.thebusinessjunction.com a major software andentrepreneur directory. For a free subscription to The BusinessJunction Newsletter and free software downloads subscribe at:http://thebusinessjunction.com/Newsletter_Subscribers_SignUp_Page..htm
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