Payment Gateways
I think PayPal is an OK solution to start a business. But when you start growing, you feel that it doesn’t fulfill your needs any more. Especially if you have customers overseas. PayPal has a pretty long list of countries they work with. But it most cases it is a fiction, because to open a PayPal account, for example a resident of Israel must have an account at an AMERICAN bank.
2checkout.com is very easy to set up. Good things about them are that they don’t have any monthly and annual fees. But the percentage they charge per transaction is pretty high. Two other things I don’t like about them are (1) they transfer money to your bank account only twice a month and often postpone the transfer, and (2) recently it seems they have TOO MANY customers so their server is too busy. For the last couple months we had several issues when customers were not able to complete a purchase because the 2checkout page never loaded.
So, we started out with PayPal, went through 2checkout, and ended up with Authorize.net. We pay $49 annual fee, but their percentage is lower than 2checkout and they transfer money to our bank immediately after each transaction. The only negative thing I can tell about them is that it takes a lot of paperwork to open an account with them. Or maybe is it a good thing???
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