View Full Version : Epayments Service
francesca
18-08-2003, 14:50
Hi,
I'll like to know if you have any good epayments tat you guys can rec....
Please do not mention paypal....it sux big time
Hostings
18-08-2003, 15:16
2checkout?
No minimums. No subscription fees too. Just a setup fee and transaction charge. If you have no sales at all, you pay them nothing at all.
francesca
18-08-2003, 17:04
how much do they charge per transaction?
Hostings
18-08-2003, 17:46
I can't remember the exact figure. But my figure shown here shouldn't have much difference.
5.5% on the transaction + USD0.45 on the transaction.
Other than this, the one time setup fee should be USD45.
francesca
19-08-2003, 07:46
the fees are high....
paypal might be sucks to you. But it has the lowest transaction fee and which is quite credible since it acquired by ebay.
Else you will have to go for higher fee alternative.
Originally posted by Hostings
I can't remember the exact figure. But my figure shown here shouldn't have much difference.
5.5% on the transaction + USD0.45 on the transaction.
Other than this, the one time setup fee should be USD45.
hostings,
how much do they charge for depositing fund directly into ya bank acc?
francesca
19-08-2003, 11:38
paypal really sucks....it does not even have a proper tracking system.
i just got a quote. it is USD300 for a set up, 2.5% for each transaction and a montly rental fee of 30 bucks.
Originally posted by francesca
i just got a quote. it is USD300 for a set up, 2.5% for each transaction and a montly rental fee of 30 bucks.
Sounds good. what processor is it? :)
Jeremy
francesca
19-08-2003, 17:00
2checkout
Hostings
19-08-2003, 17:28
xfluous : Not sure about that
Originally posted by Hostings
xfluous : Not sure about that
thanks anyway :)
woah usd300 just for transferring money....isnt that damn high ?
francesca
21-08-2003, 17:41
that's the set-up
kin0h0st
22-08-2003, 00:14
wrong.
2checkout is 5.5%, not 2.5%
khimhong
22-08-2003, 05:50
Originally posted by ********
wrong.
2checkout is 5.5%, not 2.5%
******** re-registered with another account ?
Hostings
22-08-2003, 14:24
Yeah. Was that?
i just got a quote. it is USD300 for a set up, 2.5% for each transaction and a montly rental fee of 30 bucks.
I said before that there was a setup fee, and a transaction fee of 5.5% + $0.45. Maybe our friend here got a custom plan? Cansee that there's a monthly fee of $30, which usual accounts don't have.
francesca
15-09-2003, 23:29
heo about local merchant banks???
What are the banks that provide such services?
local bank do provide, but prepare to pay even higher fees.
Last time I use CCNOW, then now I use Paypal to clear. Although there's some horror story about paypal over the years, but undoubtly it's the cheapest and fastest solutions around. And also, highly programmable since they expose a lot of API for us to use with our checkout system.
:)
francesca
16-09-2003, 08:52
HOw u prevent charge back using paypal???
There's always a risk of getting a chargeback even if you use other provider. Choose your customer smartly, avoid countries which have a high risk of credit fraud and pray hard :)
francesca
16-09-2003, 10:14
hm... ...
I got charge back from USA customer and PP protect them then me
In my opinion PayPal is cheap in terms of the transaction fees and fast.
The downside is your customer have to sign up the paypal account which is troublesome for them.
francesca
16-09-2003, 23:05
u call 3.7% cheap??
You muz have a very high profit margin
At least for paypal, it does not have setup fee and no fixed monthly charges.
And for those who frequent eBay, paypal is widely accepted.
francesca
18-09-2003, 10:12
eBay took over paypal my dear Neon
3.7% is considered cheap if compared to other CC processor. Normally you have to factor all these cost in when design your pricing structure, not any how give a price that is cheaper than your competitor. You might be able to get customer base, but low profit, cannot sustain, at the end close shop faster.
francesca
18-09-2003, 23:50
Hence 3.7% is still a prob...
maybe 3% is the mas i can tink...but still have to increase my retail slight higher
Hostings
19-09-2003, 14:53
Unless you're doing big business like doing few tens or hundreds of thousands (i think you should have approach to do a inter-bank cable transfer), the usual amount for transaction is maybe within $200. Unless your profit margin is only that small, i think 0.X%, which adds to maybe a buck or something don't hurt alot. Even if you use WorldPay or 2checkout, there's still setup fee and monthly subscription fee to bear of, so i think paypal shouldn't be quite a big issue?
Originally posted by francesca
eBay took over paypal my dear Neon
Of cos i know that.
What i mean is PayPal is already widely use in eBay even before eBay acquire it.
Since it is popular in eBay that's why eBay acquire it.
Seems like there are very limited choices for small biz.
francesca : you're into e-commerce trades ? where you goods mainly from ?
Because paypal is so popular in eBay, eBay can foresee that paypal might earn more money than eBay for each transaction :P
Originally posted by NeonHQ
Of cos i know that.
What i mean is PayPal is already widely use in eBay even before eBay acquire it.
Since it is popular in eBay that's why eBay acquire it.
Hi sorry, i did post a qns at "Hosting Control Panels and Applications" about the transaction cost for paypal and other payment apps. Can enlighten me with some more info on the cost incurred ? Tks.
francesca
22-09-2003, 11:12
neon, juz e phrasing dun sim to show wat u said tt al
francesca
22-09-2003, 11:13
mainly local but sometimes europe/asian countries
y??
Originally posted by Prince
Seems like there are very limited choices for small biz.
francesca : you're into e-commerce trades ? where you goods mainly from ?
Nah, getting into e-commerce too. Wanna see if you have some good link up in some of the countries or not. Can know where are your main biz contacts etc ? If sensitive can pm me :)
Btw, i'm not in your trade, so dun worry about competitor :)
And btw, i can't view the products you have ... you finished with the site yet ? Or still in the process ?
francesca
24-09-2003, 11:11
hm...view my products?
my site is offline...
hehehe
u noe my url meh???
can PM me 1st?
wat trade are u in?
ya, thats what i mean :D
no lar, i went to the link you have as your sig. but nothing there ....
francesca
26-09-2003, 15:58
oh.....
it's DEAD
lolx
i tot u noe wher my sites are..got a few...but all dead also...
hahahaha
Oh...so, you're going to host those sites on your own server and that's why you're planning to buy a server? This is from what I've analyzed...am I correct? :D
francesca
26-09-2003, 16:18
hahahaah
yesh... ...
so smart....
hahahahahah
Hmmm, buy own server ? You have got a big biz arent you ? :D
Why not? Lots of teens are owning web servers nowadays to run their own e-biz :D We can even see some life examples here on SGWHT if you know who I'm talking about...lol
francesca
30-09-2003, 11:30
hm... ...
no lah not me... ...
francesca
30-09-2003, 11:33
got u now here got any good offers for server?
it's not wise to run e-commerce website on a shared server.... a BIG BIG BIG security risk ;)
salmonella
30-09-2003, 14:38
indeed, you should aim to have a dedicate or virtual dedicated server... however, since your load apparently isn't much, a low spec'ed configuration may be sufficient.
Believe it or not, 32MB or 64MB RAM is more than sufficient to host a bunch of web pages, mail, etc... And maybe 64MB or 128MB if you have light database load.
This is way off topic lol :D Have you found a suitable epayment service other than paypal to handle your transcations? In addition, are your sites up yet on any temporary hosts or are you just waiting to buy the right server before they go back up?
She might become a webhost also :D
Originally posted by klause
it's not wise to run e-commerce website on a shared server.... a BIG BIG BIG security risk ;)
Hey Klause, what do you mean hosting e-commerce on shared server ? Care to elaborate a bit ? I'm also thinking of running a small e-biz, so very interested to know more :)
francesca
01-10-2003, 17:01
u share the server meanging other people have access to your server
hence security is WAY DOWN e drain.
I'm still searching. Singaoire Technology has this service but I emailed them several times and the email apparently in NOT WORKING!!!
i have lobangs for hardware and sfotware and also erm...mobilephone lor...
so no $$ wana put online n sell.
hahaha
ps. me not good with IT hostings
lol, i see your point. Your hardware meaning IT hw ? Software ? Will you infringe software distribution rights ??
francesca
02-10-2003, 10:41
nope...software? all will be like windows XP n stuff. hardware will be lik computer printer parts
wat trade are u in?
oh..i've found out some good offers for epayment.
compareto paypal...it's more affordable.
maybe once i've text drive it n it's in good i'll post a new thread n let u guys know
paypal SUCKS!!! !!!!
francesca
02-10-2003, 10:42
prince, what trade are you in???
klause, can tok more on e security featues???
Still finding a stable and powerful boat to jump onto :)
Francesca - what are you thinking of hosting on the server ? all particulars and even CC info of your customers ? thats no good you know.
Websites and maybe the Mobile Phone Store which is in the signature. Anyway, maybe the question should go something like this: What are you planning to store on the server other than your sites? Your clients' data?
francesca
02-10-2003, 21:03
if i can't sote my customer's data
den wat is e server for?
ain't all those info supposed to be in the server?
so do i need lik 2 hdd so incase one dies i still have e other as back up?
mine mainly e-commerce sites....yup yup including mobile phone
francesca
02-10-2003, 21:04
sorry typo
wat i meant was *store
Maybe what Prince meant was sensitive info like CC numbers. You should provide a privacy statement to state what kind of information you're keeping track of and storing in your database of your customers. Anyway, it's always good to have a backup server somewhere but not necessary in the same computer system although it's better to do that in some cases so that you can switch to the hd if the other one fails.
You can setup RAID SCSI HDD so that it is fault tolerant. Thus helping to ensure data is not lost so easily.
Yup, userguy is right, not that you can't store info of your customers, try not to store sensitive things like CC no. If you want to store all kinds of customers info, you need to make sure you secure them. Not to let down you cust.
francesca
03-10-2003, 19:51
how do i do that?
n wat do i need to do if i dun wana store thenm in e server?
got other ways?
Then, just allow a third-party payment company handle monetary transcations if you don't want to store them on the server. However, if you want to do so, make sure your server is secure like what Prince has said and adequate security measures are taken to prevent hackers from intruding the system.
francesca
03-10-2003, 20:57
erm... ...
surely i'l jave to get a 3rd party to do e trnsaction however e information would still be saved on my side. the payment company wilkl not keep e information
they jus provide e service.
But then again, why do you want to keep track of the customer info for? Keeping tabs on them so that you can do the accounts easily when you need to. But then, you wouldn't need their CC info right? Just their contact info and maybe some remarks should be enough :)
Francesca - just store the customers' personal particulars e.g. name, address, contact no. etc ..... CC no need not be there. It might prove too troublesome for you to store it. Anyway, you won't need that if you use 3rd party solutioning.
PS : You don't need to store the CC info even if you use 3rd party payment programs.
francesca
04-10-2003, 15:48
i thout it is stored at our side? u trying going www.cubecart.com
and use the demo. the demo is the same even when not using any e-payment.
your info will still be stored. however your purchase will only be processed if there;s and e-payment service for you to go on
I don't think third party payment programs just mean a script such as CubeCart. I believe we're referring to something like this: http://www.2checkout.com - someone correct me if I'm wrong - quite confused now :D
pingcrisis
04-10-2003, 16:07
Cubecart is just to track order and stuff. Epayment services are payment clearing centres.
Ah...I see. Thanks for clarifying - was a bit confused back there. Check out the demo but there didn't seem to be any payment methods/options :D
francesca
05-10-2003, 14:15
but the information would be stored in cubecart for eg.
francesca
05-10-2003, 14:20
but the information would be stored in cubecart for eg.
What kind of information are you referring to? Personally, I don't think the payment options info such as the CC number is not stored in cubecart.
Hmmm, quite confused indeed ....
e-commerce scripts only takes care of stocks and 3rd party payment services deals with CC info ....
francesca
11-10-2003, 20:54
u c paypal.
they also store e CC info...
its lik....not your choise to i wana store it or not
it's standard. custom....
dun get it still???
it's not ya choice if u wan e cc info.
n u also nid e cc info for purchases
also...
e cc info will be lik a default after u enter it
u dun always enter it everytime u make a purchase
if not when other ppl hack in2 ya acc....he can use another CC n buy ting
den change e address n al n use ya acc n u wont knoe
but if e acc is default
e person do a transaction
u can chk if itz fraud or not
When we say use third party payment services, we mean letting another company handle these transcations and they will handle the administration of the CC info. Thus, the info would be stored on their server instead of being kept with you. It would be something like PayPal :)
francesca
11-10-2003, 21:05
erm....
not sure....
if hav a choice den good
but not sure also...
sigh
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