Hot answers tagged credit-cards
12
Why not offer standard trade terms to your larger clients?
The industry standard for physical goods is 2/10 net 30 (read: two ten net thirty).
The way this works is that the buyer receives a 2% discount if the payment is made within ten days, but if the buyer declines to pay within 10 days, all of the payment must be made within 30 days.
The reason ...
10
While the cost of a PayPal transaction may appear to be low to your firm, you are also taking a risk on each PayPal transaction. The PayPal transaction might cost 1.5% - 2% of the total transaction in fees, but you also risk losing the entire $700 in a charge back. You need to consider that in your calculations!
In addition, many businesses do not have ...
7
The way to do this is to fill out a business expense report and get reimburse from your company. I know it sounds a little corporate but that is the cleanest way to do it since you want to account for the expenses in the business.
Doing it the other way is problematic. From an accounting point of view, that would technically co-mingle your company money and ...
7
You can use a service such as CheddarGetter.com to simplify your transactions for subscriptions, but you will quickly learn that its best to build your own subscription system. It's easy, it gives you ultimate control, and worthwhile doing versus services that exists.
you will need:
1. Merchant account
2. Gateway ( I highly recommend Authorize.net)
3. A ...
7
There are two separate approaches to reducing credit card fraud. The first approach requires the collection of credit card and purchaser data, and then a review of that data. Your order pages should always require the customer CVV code, collect their IP address, and their phone number and billing address. While your credit card processor might accept a ...
7
Anybody who will give credit to a company with so little history will require one or more individuals with good personal credit to co-sign as guarantors in case the business flakes out.
There are lots of companies that lease capital equipment that way. Credit cards? I dunno. Look around; Chase keeps advertising their "Ink" cards on TV. You may find it less ...
7
That's a lot for a typical purchasing credit card. It might be a problem for some purchasers.
Remember that your costs associated with accepting a credit card will be on the order of 3%. That's $150 per order. The cost of accepting a check or electronic bank transfer is... er, well, about zero. Without knowing any details of your business, your product, or ...
5
If you don't care about the customer leaving your site:
Amazon Payments (underrated in my opinion)
PayPal
Google Checkout
If you need to seamlessly integrate a payment form in your site:
-PayPal Payments Pro ($30/month for a virtual terminal and API integration, no contracts, 2.9% transaction, it's really hard to find a merchant company that can beat ...
5
"We're not storing any credit card information"
But, are you pulling into your servers any cc information, even if only to then transmit it?
Many web apps basically inline service provider screens/code, and do not actually traffic the sensitive data through their own servers. The data may be on your page, but it gets directly sent to a processing server ...
4
Here are the parts:
Authorize.NET and such are "payment processors." They take credit card info and handle the authorization and fees with the card companies.
You also need something called a "merchant account." This is the bank account where the processor deposits money. You'd think they could just deposit it into your standard checking account, but ...
4
I also use Fastspring, and couldn't be happier. They allow you to make your payment page look just like your website, which I did. It's hard for the buyer to even know that they left my site, unless they look at the URL. Plus, Fastspring automatically includes PayPal as an option in addition to standard credit cards, for those buyers that do like using ...
4
If you're looking to take pre-orders, be very careful. Most credit card processors don't allow this. You may be able to get around it by taking an authorization and not actually charging them until you ship the product, but the authorization only holds for a certain amount of time so probably won't work for you. Or you can sell a gift certificate or ...
4
Try to get them all. Starting with American Express, of course, since that seems to carry the most panache when paying. But really... in this credit market, it's going to be hard to get any card that doesn't cost an arm and a leg (like, fronting your balance) and it really doesn't hurt your company to have multiple cards.
Two years ago, I had four cards: ...
4
Intuit's Merchant Services Account is not bad compared to many others, especially as they encourage online merchants. They were developed more for the brick and mortar operations, especialy as they integrate into the Quickbooks brands, but they've done a good job staying competitive in the online venue. And it's a 'combination' account allowing both swiped ...
4
I assume this would be used for "Card not present" sales? A lot depends on your total number of sales per month and average ticket price. The 2.9% they charge is pretty standard. You can do better with your own merchant account. You need your own American Express merchant account as far as I can see. (They would just act as a gateway for AmEx payment.)
They ...
4
PayPal and Amazon are some of the best ones if you have no budget.
If you get to the point that you have a small budget you can move to a higher service level with PayPal and integrate a payment form into your website. This takes a little programming knowledge so you either need to be a techy, know a techy, or be ok reading lots of articles.
So I would ...
4
To reduce chargebacks, you should add additional checks during the purchasing process:
Require the CVV code from the credit card. This should not be optional.
Use the MaxMind GeoIP service to get a 'fraud score'. Essentially this will tell you if the user with the card is too far in physical space from the bank where the card is from. This is extremely ...
4
Purchasing departments aren't really set up to buy things with credit cards, especially in that range. You might find some startups where a founder is willing to use their AmEx, but established companies simply won't do it.
In your price range, "name companies" from, say, the Fortune 1000 will expect you to extend "net 30" commercial terms. You can say to ...
4
We made the switch from having a free and open trial to requiring a credit card and saw the results that you're expecting: Fewer trials, more qualified leads and more conversions. The most striking metric we noticed: While the number of free trial signups was cut in half, the number of conversions stayed the same.
The idea that trials should be ultra easy ...
3
It is true that PayPal can freeze funds, but it's the easiest way to get started.
I recommend starting with PayPal (not Google; PayPal is better about international credit cards), and then working towards another solution only when your company is off the ground and you can afford to spend time and money on a merchant account and a real gateway.
When ...
3
Points aren't going to change your business in any substantial way. Spending time messing with credit cards will!
Simple idea: Use PayPal and get the PayPal Mastercard. The former can be used often and it's easy and safe. The latter can be used if a credit card is required. It's easy to stop payments and all your transactions are online.
Finally, ...
3
From a Programming View this sounds complicated. However, as you like to use a Merchant Account and a Payment Gateway, you need to review the abilities they have and what they allow you to do.
If you are allowed to make batch payments to the suppliers from your Merchant Account, you need to setup a Database which handles all Buyer and Seller Transaction ...
3
If the purchase was made for the same exact product and version I would refund the money.
Why will a company order the same software twice? unless they needed a second license but this might not be the case depending on how you license your software.
If they just made a mistake ordering the software twice, why not return the money? specially when they are ...
3
If you like a tighter integration with your site and service I highly recommend using
Freshbooks.com
They provide an Invocing API that works really well, and a multiple of external addons for everything from payments to CMS integration. It's really excellent.
Arpit's answer is also good, if you want to rely more on an external supplier, and are not ...
3
I don't know of a place that offers comprehensive explanations for this.
jumpstartcc.com will give you an overview of what's involved in credit card processing.
Basically, there are three parts to it:
merchant account (you could get that at your bank)
payment processor (e.g. Authorize.net, they will store CC details for you)
subscription management ...
3
Take a look at the offerings from:
cheddargetter.com
chargify.com
recurly.com
Typically these services provide ways for YOU to charge YOUR customers. But maybe they have options so that your customers can charge their customers.
I have issues with this type of service because many of them lock you into their choice of gateway providers, their APIs, and ...
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