| Learn more about merchant accounts! |
The great online credit card processing scam!
What is an Internet merchant account? What is a third party credit card processor?
When should I use an Internet-based credit card processing service, and when should I get my own merchant account? Direct comparison of credit card processing services and their fees
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Direct comparison of Internet-based credit card processing companies and their fees
| Website | PayPal | Setup/Monthly Fees | No/No | | Orders By: | Online Only | Locations: | International with USA-bias | | Processing Fees | Credit cards, 2.2% +30c, no minimum
Non-credit card, 1.6% +30c | | Extras | Payment to you is made into your USA bank account, or onto your credit card. | | Notes | Payments under $15 are only charged 30cents!
Americans can use Web-Accept (accept credit card orders on their websites). "International" accounts can be opened, but are not able to use Web-accept yet, although you can be paid by other PayPal users.
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| Fee for $10 item |
30 cents |
| Fee for $100 item |
250 cents |
| Overall Cheapest Fees A great service for Americans, Web-Accept look amazing, cheaper than a merchant account! |
| Website | Verza Inc. | Setup/Monthly Fees | No/No | | Orders By: | Online Only | Locations: | International | | Processing Fees | Credit cards, $0.99 + 4.9%, Checks $0.99 + 3.5%. | | Extras | Payments twice per month. 5% six-month rolling-reserve. Additional $15 for each chargeback. Includes an account control center to view our account details and transaction logs. | | Notes |
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| Fee for $10 item |
148 cents |
| Fee for $100 item |
589 cents |
| Website: |
Verotel | Setup/Monthly Fees: | No/No |
| Orders By: | Checks, credit cards and 1-900 number billing.
Click Here to see the fees for each transaction | Locations: International | | Processing Fees: | Depends on transaction type and ticket price,
Click Here for details | | Extras: | 10% rolling reserve. $15 for each chargeback | | Notes: | Credit card processing limited to content. Highly flexible service with several extras such as "set up your own reseller program free", "realtime control center" and "1-900 billing" |
| Fee for $10 item |
150 cents |
| Fee for $75 (max by credit card) item |
900 cents |
| Website: | Internet Billing Company (iBill) | Setup/Monthly Fees: | No/No | | Orders By: | Online | Locations: | USA | | Processing Fees: | 15% for up to $10,000 in sales per billing period. Graded reductions for increases in volume. | | Extras: | 10% 6-month rolling reserve | | Notes: | Limited to sales of access, content or services. Possibility of charging customers' phone bill instead of credit card (US only). Apparently, in order to use realtime delivery with iBill, you need some custom CGI scripts. If you are unsure about "realtime processing" versus "realtime delivery", consider reading my e-book where the terms are explained. |
| Fee for $10 item |
150 cents |
| Fee for $100 item |
1500 cents |
| Website: | Shareit | Setup/Monthly Fees: | No/No | | Orders By: | Online Phone Fax Mail | Locations: | USA + Germany | | Processing Fees: | $2.95 +4% | | Extras: | Mailing a check = $5, issuing bank also deducts $5. Alternatively you can have payment wire transferred to your account. Checks issued once per month | | Notes: | I have used Shareit for nearly two years and their service is excellent. They originally set out to act as a third party for shareware writers, but will accept credit card orders for any product or service. Based in Germany, are good for Europeans and allow you to accept the Euro as payment. |
| Fee for $10 item |
335 cents |
| Fee for $100 item |
695 cents |
| Website | Visage Services | Setup/Monthly Fees | No/No | | Orders By: | Online Phone Fax Mail | Locations: | USA + Greece | | Processing Fees | $3 +3% ($2 +3% if 500+ orders/month) or 20% if price is less than $15 | | Extras | USA Checks free of charge. Eurocheck $12, USA money transfer $21, International wire transfer $21-40. Payment once per month. | | Notes | Similar to Shareit, service is for shareware authors. I'm not sure if other services/products are accepted. Also offer free webspace, email accounts, mailing list and discussion forum. |
| Fee for $10 item |
200 cents |
| Fee for $100 item |
600 cents |
| Website: | CC Now | Setup/Monthly Fees: | No/No | | Orders By: | Online | Locations: | International | | Processing Fees: | 9% (8% in Nov/Dec) | | Extras: | Reserve if your monthly volume is $1000+ | | Notes: | Limited to sales of physical goods. |
| Fee for $10 item |
95 cents |
| Fee for $100 item |
950 cents |
| Website | Clickbank | Setup/Monthly Fees | $49.95/No | | Orders By: | Online | Locations: | USA | | Processing Fees | $1.50 + 7.5% | | Extras | No-longer free! Only issue checks, and only if over $25. Charge $2.50 to process and send check. Withold 10% of checks over $25 which is released after approx 90 days. Checks issued twice per month. | | Notes | Service is limited to "authors of unique internet content and services. If you distribute your own original information via web
pages, files, or email, then ClickBank is ideal for you." You have the option to recruit resellers for your products, all details handled by Clickbank. You can also refer people to Clickbank and earn money if anyone you send to Clickbank signs up and makes sales. Not for sale of physical goods, recurring billing or with shopping carts |
| Fee for $10 item |
225 cents |
| Fee for $100 item |
900 cents |
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