I have looked at the similar questions posted and believe mine is different - please read the specifics of my question below:
Assuming we do not want to use PayPal (or Google Checkout etc.), it seems to me that there are a couple of costs we need to think about for taking online payments.
I may be wrong but I believe we have identified the following costs:
- software cost - the e-commerce systems charging you for each transaction.
- merchant account - our bank charges us for taking credit card payments - a fixed fee and a % of the order value (it is significantly less for debit cards though).
- currency exchange - we are selling globally and in various currencies.
Can anyone who has an e-commerce business and uses something other than PayPal (and similar) please suggest a service that creates an optimal mix of the above three, therefore minimising the cost of taking card payments.