Questions regarding receiving money from customers or sending money to vendors.
6
votes
2answers
1k views
How does a business owner take money out of their business
Let's say I own a business selling widgets on the web. I'm incorporated, most likely an LLC. The business is doing really well and there is a lot of cash flow. Since I'm separated from the business by ...
20
votes
17answers
5k views
What is the best merchant processing solution? [closed]
If you want to take credit card orders (or pre-orders), what is the best merchant processing solution?
I've heard the PayPal and Google Checkout will freeze your funds if even a single person ...
18
votes
11answers
5k views
When to use merchant account instead of PayPal?
I wonder when it makes more sense to open a merchant account and use a payment gateway instead of old plain PayPal option? This should depend on the revenue processed, because merchant account has ...
7
votes
8answers
562 views
Accepting payments… subscription plans
So, I am a total newbie when it comes to payment processing, acceptance of payments, subscription plans, etc.
I've recently built out the SaaS offering and will be in beta with it through the end of ...
11
votes
2answers
2k views
What is the difference between merchant account and payment gateway?
I am still a newbie on the topic of merchant account and payment gateway. I tried to look around for information on merchant account and payment gateway, but I can not find a satisfying answers on the ...
14
votes
6answers
1k views
Are there any viable alternatives to Paypal for a small site?
I don't want to have the hassle of dealing with credit card or direct payments directly on my website, the volume and amount of transactions don't justify the effort.
I've set up Paypal on the site ...
16
votes
4answers
2k views
What to do when customer doesn't pay?
I'm at a startup with about 30 employees and we are doing pretty well and have a good number of customers.
One customer owes us about $10,000. Not enough to make it worth it to file a lawsuit but ...
1
vote
1answer
260 views
How Should I Price My Products or Services
Marketing your startup takes many forms. The classical marketing approach revolves around the 4 P’s: Product, Price, Promotion and Place.
For this question and answer, we will tackle the Pricing ...
2
votes
1answer
208 views
Merchant account charge back ratios
Anone familiar with the charge back ratios for merchant accounts?
I am starting a monthly re-occurring billing service that will no doubt have lots of charge backs from customers. I'm trying to ...
1
vote
1answer
3k views
How to start an online payment gateway provider
I would like to know what it takes to provide an online payment gateway like worldpay paypal etc
10
votes
2answers
385 views
How to pay commissions internationally?
I am looking for a way to handle payouts to authors living both in and outside of the USA. I heard about Paypal Mass payments but are there any other better alternatives to pay commissions ...
5
votes
3answers
296 views
How can you reduce the number of credit card chargebacks for a website selling high value products that are vulnerable to fraud?
From this question on Merchant Account Chargeback Ratios, one answer suggested that websites selling high value items will have higher charge backs because more criminals will attempt to purchase ...
3
votes
2answers
283 views
Can anyone recommend a merchant account?
I need to open a merchant account to work with authorize.net. I am looking for one that is US based and will accept a reverse auction type of website. My original plan was to go with cdgcommerce but ...
3
votes
2answers
375 views
Accept credit card payment within your site?
Right now we use Paypal Website payment standard.
Ie- customers pay using Credit Card or Paypal on Paypals site (redirected from and back to our site).
We'd like to keep customer on our site for ...
2
votes
5answers
1k views
What is the most economical way to pay people and companies in India from the US?
For the past several years we have used Paypal to pay freelancers and outsourcing companies in India. But as of March 1, 2011, it appears that Indian banking laws have changed and we can no longer use ...
2
votes
7answers
503 views
Good options for credit card processing
I'm bootstrapping a micro-startup hosting service with very, very little capital.
All of my customers will have recurring billing with a possible trial period. Initially I integrated with ...
7
votes
6answers
2k views
Late payment policy / best practices
I am considering instituting a formal late payment policy for our product. Our terms have always been net 30 but it is something that we never consistently enforced. As the company grows and ...
6
votes
3answers
5k views
Is it legal in US or Canada to accept donations?
Is it legal (US/Canada) to accept donations if you're not a government registered non-profit organization? I've seen it on a couple of sites and was wondering what are the laws surrounding those ...
3
votes
2answers
502 views
Monthly subscription management service and payment gateway UK
We are currently building a website which includes a monthly subscription plan(s). We have a merchant account with Streamline and looking for a payment gateway.
We would like to use a billing ...
3
votes
6answers
451 views
How do I structure a payment plan for my website?
I plan on making my website a paid one and have a question about structuring the payment plan. Think of the website as an ecommerce site selling very low ticketed items (as low as $0.05). Since ...
3
votes
6answers
318 views
How do you choose the base currency for online and mostly international sales?
We are about to launch a website offering products. My "gut" feeling is that a good proportion of our customers will be based in the US. We are currently based in the UK, though that is likely to ...
2
votes
8answers
816 views
Experience with payment gateway for ecommerce site?
Anyone have experience with ANY of the below payment gateways (some do merchant services as well) that you can comment on:
Payjunction
Authorize.net
Braintree
Looking at these three gateways. ...
2
votes
4answers
837 views
[UK Contracting] how much to put aside after being paid?
I'm a new UK contractor, and I've just had my first payment and was wondering how much I should put aside and how I go about actually transferring the cash from my business account to my account.
...
1
vote
2answers
132 views
take payments from mobile phone?
I have noticed on sites like facebook that they allow you to buy facebook credits by entering in your phone number on the website in the payment options screen.
How does this work?
1
vote
3answers
253 views
Multiple Currency Management for SaaS Payments
We'll soon exit the beta stage and start charging for our SaaS solution.
We're based in Italy so we work in Euros. We think we should also offer the solution in US Dollars, however we find it hard to ...
0
votes
2answers
385 views
LLC, how to get paid?
A friend and I have started an LLC. We'll be doing web/interactive and video services. Since some of these services take longer than others is it ok for the members (my friend and I) to be paid ...
