This topic has been beaten a bunch. I thought I'd start over. Correct me if I'm wrong, but I think there are different degrees of merchants accounts that small business owners can obtain. I looked at 2checkout, worldpay, and paypal. Paypal grabs what...3% of a final sale or something like that? I think the 5.5% of 2checkout is ridiculous...I think!?
I'm thinking that if a business has a business bank account of its own, you can use the merchant accounts from the the bank itself or go somewhere else like Sam's Club or something that that offers charges of $.19 per transaction and 1.64%...but that may not provide a GATEWAY??? My bank, National City, boasts that it has Internet processing also (not sure if that is a user-backend thing or a manual processor-bank thing...probably the latter). That hoovers around $.25 per transaction and about 2%. That may all be physical POS processing stuff, but I'm not sure...hence I am posting. Do I need a merchant account AND a gateway? Or would a good gateway provide the merchant account also? How does the bank/gateway relstionship work?
Also, I'm trying to work with osCommerce (opensource). They say the gateways the software is compatible with are:
2checkout.com
authorize.net
iPayment
PayPal
PSiGate
SECPay
TrustCommerce
Is that all I can use? Would another free cart like phpcart be better because it supports more gateways? Also...everyone is raving over 2checkout.com. Are we sure we can't lower the overhead and find a good gateway that offers less than the outrageous 5.5% transaction fee? PayPal itself offers $.30 + 1.9-2.5% per transaction for merchants! That's half the OH just with PayPal! Anyway, if y'all have any insight, speak up...
ERIC
Hey Chris...what gateway do you use for CB Swords?
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