For the Canadians out there, Canadian merchant accounts.
PSIGate (been using for around a year, reliable)
InternetSecure
Printable View
For the Canadians out there, Canadian merchant accounts.
PSIGate (been using for around a year, reliable)
InternetSecure
Will, I haven't decided yet. But I'm not actively researching it either.
I would probably get a merchant account from Barclays bank and then just use WorldPay to handle the processing. Wouldn't be so expensive that way. But 2checkout is an option, yeah. I would have to research it more.
Chromate, please keep us posted about your decision what company to use – it may help other users too.
And I wonder how is dSub doing ;) As far as I remember he/she was going to sign up with ikobo, and as there were several bad views as to this company I think it would be interesting to find out about his/her personal experience.
As I said, for starters I've signed up with ikobo and use them only for personal transactions. I'll do this for a while in order to learn more about their system and the way things work.
So far I've managed to create my account, actually it wasn't that hard, and then I asked someone who owned me some money to send it to me. Right now I'm waiting for the ikard to arrive so I can actually withdraw the money from my account.
I'll be able to tell you more once the ikard arrives, it should happen in a couple of days if I were to believe what ikobo says.
I use 2Checkout, and PayPal however I don't do much selling and if I did a LOT I would go with Authorize.net and one of their "affiliates". People seem to be posting decent deals on WHT regarding merchant accounts with a bundle of software and support.
Authorize.net? Hmm… I would rather go with 2co (however they are also rather expensive).
Apparently there are no payment processors with low fees and wide coverage :D
authirize.net is quite a service, but it's nothing I could afford. For me it's still alternatives such as 2co and MB. Currently I only use ikobo for money transfers and since I don't have such a great deal of transactions I'm thinking about some sort of manual processing.
If you don't deal with automated processing you might actually use your ikobo personal account to accept payment from your clients. It's simple and I don't consider the 3% fee to be an inconvenient, especially when ikobo has a fixed withdrawal fee of $1.9. You do the math. :)
Yes, good idea – but only if you don't sell much.
And what about merchants who get much money from their customers/buyers, do you know any other payment processor with reasonable fees?
That's a good point you're making. I suppose ikobo's personal account could also be used for receiving payments from customers... Do you know whether their policy allows such operations?
Yes, you're right about the fees, nothing to complain there. Thanks for the info, I may just give this a try. ;)
On second thought, I don't think that one could sell his or her products only by using his or her ikobo personal account unless he or she already have a list of trusted clients. I came to the conclusion that our clients will have to be convinced that after they sent us the payment, they will receive the product of their desire and that we won't just take their money. So, if your sales are not slow or you have a big products inventory, I say to use this solution only as a temporary solution. Remember that you won't benefit from chargeback protection at all. If you go to www.ikobo.com and read their terms and conditions, you will see that they won't protect you or your personal account if you are making sales and not just transfer money.Quote:
Originally Posted by Will
On second thought, I don't think that one could sell his or her products only by using his or her ikobo personal account unless he or she already have a list of trusted clients. I came to the conclusion that our clients will have to be convinced that after they sent us the payment, they will receive the product of their desire and that we won't just take their money. So, if your sales are not slow or you have a big products inventory, I say to use this solution only as a temporary solution. Remember that you won't benefit from chargeback protection at all. If you go to www.ikobo.com and read their terms and conditions, you will see that they won't protect you or your personal account if you are making sales and not just transfer money.Quote:
Originally Posted by Will
You're right, ikobo's personal account is by no means a replacement for their former merchant account. Their merchant account used to have all of the required features, while the personal account is only good at what it was designed for- that is sending/receiving money.
Of course, you can use it for making sales, but you expose yourself to some risks since you don't benefit from ikobo's fraud protection that was available to any of their merchants.
The ikard and the personal account have their limitations when used for something else other than what their purpose is, but it will still work.
You are perfectly right but at least they approach the new VISA/MC regulations with an honest solution by closing their merchant account and keep focusing onto their p2p service. I heard that many people don't like 2co's merchant services anymore because of the way they solved the VISA/MC regulation problem. It seems they actually sell your products for you and you cannot say anymore that you only process transactions through them.Quote:
Originally Posted by dSub
You're right about 2co, they've made some pretty weird changes and it's a real pain dealing with them (so I've heard/read). Wasn't a big 2co fan before, but from now on I'll surely stay away from them.
At least ikobo close their merchant service altogether instead of providing something nobody will be to fond of using. Eh well, at least they're still processing transfers.