Tag Info

CheddarGetter has the best pricing of all of these products. But most of these products are not viable if you are a programmer or can program your own recurring payments. We looked at all of the above for a new startup and decided to AGAIN code our own recurring billing. What were deal breakers for us were: FREE Accounts - All the systems above charge ...

Choosing a payment gateway and merchant account, and possibly a recurring billing system for subscriptions, is a complex technical + business decision, and you may well need all three. If your requirements fit a specific 'modern' payment gateway such as Stripe or Braintree you might be able to get away without the recurring billing system. First you need ...

I assume that you are using Paypal because you don't have/want to deal with the "full stack" required for credit card processing (i.e. bank account, merchant account, payment gateway, etc.). If this is the case and you want similar convenience for processing recurring payments, I would take a look at Saasy or Stripe. They provide a full service and, from ...

It's not just okay, it's a welcome addition to your website. This will allow you to sell your services to users who do not have paypal. I personally use 2checkout for my clients' websites, which allows you to accept paypal payments, as well as Credit Card payments from almost all countries where Paypal is not supported.

Go with Stripe. They do not have the same merchant account requirements that Authorize.net or others have and they can integrate with Wufoo (not required) so you can have a simple payment form. They deposit the money in your account 7 DAYS after which is how they don't require all the merchant accounts. Traditional Payment Fees * Merchant account * ...

I would take a look at these two links, they explain the details of each player. From those links below: Payment gateway - Software used to transfer payment information from the merchant to acquiring bank. Credit card processors (or third-party processors) - Merchant services providers that handle the details of processing credit card transactions ...

Kevin, If you spin off the SaaS entity, why not setup a contract between the new entity and the parent company so that the parent company is submitting payment requests through the existing gateway and account? This way there is no migration or hassle with credit checks as the established company continues to process payments on behalf of the new entity ...

I had to do this before with moving from one First Data merchant account to another (using the LinkPoint API, not Authorize.Net). The migration was a pain, but the real headache was that some banks rejected the recurring transaction as fraud once renewal came up under the new merchant account. It wasn't a large percentage, but enough that it was a big ...

I've had to do this a few times. The good news is that (theoretically) it will be completely transparent to your end users: you just change your Auth.Net API key, and you're good to go. The bad news is that it's a complete hassle to do because you have to go through the whole process of getting a new bank account, getting merchant processor, getting a new ...

Sounds like you need to do some research on the topic of payment systems. There are tons of little changes you need to concern yourself with when dealing with gateways, processors, and the like - much more than one can cover in this post. And - if the API is poor, your developers will run for the hills. You are correct about cost savings if you do a bank ...

Besides that is not available in your country, Paypal and other similar services like Square, there are already other services as Flint providing a system to accept cards directly with phone's camera without requiring the dongle, which connected to the mobile reads the magnetic stripe on the card. Another option is Bitcoin, which is also available for ...

You could Charge everything to your own merchant account, and forward most of the money to the vendors yourself (you can use ACH or similar to handle this). So long as your vendors trust you, this would work well Connect every single vendor's merchant account to your own gateway, or force them all to get separate merchant accounts with your gateway. Then ...

I have helped dozens of foreign clients establish businesses here in the US. You can easily form a corporation or LLC here and obtain an EIN. However, I know of no way for you to claim residency or obtain a driver's license if you don't reside here. Perhaps you can find a trustworthy US accountant to serve as CFO of your US entity - though there are risks ...

Get a US EIN. Simple, no? Seriously, both Amazon and Google are US firms and as such are required to submit 1099 for any payments they send out (with various exclusions for various cases, but being foreign entity is not a valid reason for exclusion). To send 1099 (to the IRS, of course), the payee ITIN is required. That is the SSN/EIN. To get one your ...

On it's face, merely acting as an intermediary for payment is not a problem. For example, if you were accepting checks from party A, taking your cut and sending another check to party B - this is OK. But, there are typically some additional facts which call for increased compliance and care. Storing Credit Card Numbers - There is heavy regulation around ...

We managed to obtain a merchant account from FirstData that allows us to use recurring payments. We are using Realex as our payment gateway and they also store the credit card details and allow recurring payments via sending of tokens each month. We had to provide extensive information including our business plan and had to challenge a rejection based on a ...

You have definitely identified the problem - it is the recurring payments. Because you are a start-up you have no trading history to refer to and so it is going to be very difficult to get a merchant account, and when you do you are likely to find that you will be penalized with high rates or retained balance or other conditions. If you can find an ...