What are the options available for online credit card processing? I have developed a website where I need to charge credit card. I will not be interested in storing credit card information. I know there are online credit card processor out there like paypal, google, wepay. I have those options and they typically charge somewhere 3-4% credit card processing fees.
Our direct competitor charges 3% credit card processing fees when their user buys events tickets. If I use paypal/google/wepay, it cost me around 3.5% for credit card processing fees(and if I add my commission on top of that it goes above 3.5%).
Is there any options out there that charges less than 3% credit card processing fees or I would have to come up with my own credit card processing (using merchant and gateway account)?
Updated: I was wondering how competitor can do credit card processing in 3% fees? I am sure they are making some profit on that as well so their actual cost is lower than 3%.