Payment Processors

[arctic]

I've been using Paypal and Alertpay. They are the widely used online payment processors. Although I have heard of several incidents which lead to suspension and termination of some accounts, still I would use it. The only way to avoid having problems with those is to be cautious with the transactions you make. I would suggest the new users to be extra careful with the people you are dealing business with. Make sure to have it verified the earliest possible time. It adds to the security of your account.

[blommas]

Paypal. It's very good, not much fees, no minimum amount to send, and it's very easy and not confusing at all.
But AlertPay/Payza is also good. I just think there's high fees, and there's a bad minimum amount to send. Minimum is $1 and that is bad sometimes.

[Brum26]

I have to say that I am not a big fan of paypal but I do still offer it as a payment method because a lot of people only feel comfortable paying through paypal. Last year I introduced moneybookers as a payment method to my sites and I much prefer it because their fees are a lot less than paypal but also I have a mastercard that links straight to my MB account. With paypal I have the hassle of having to transfer funds into my bank account before I can use them.

I basically set moneybookers up under Debit/Credit card payments and then left Paypal as paypal. I found that most people clicked Debit/Credit card payments and therefore paid me through moneybookers.

[PayPoint.net]

If you accept payments online for your services and products, what are the main payment processors you use and why those particular processors?

Have you ever looked for alternatives, and have you ever switched from one processor to another for any reason?

I work in the online payments industry and from my experience PayPal is a great place to start if you are unsure of what your transaction volumes will be and it is very popular worldwide. For those in the UK market who are growing and would like a more feature rich solution there are comparison sites such as paymentbrain.co.uk and electronic-payments that include a number of providers and help businesses compare the providers on pricing and functionality. It's a good place to start. If you know which provider you would like to switch just remember to check your contract terms and inform your acquiring bank to check they have an integration.

All the best
Siobhan

[Victor Leigh]

I started with Paypal and I am still using Paypal. Actually I have two Paypal accounts for two different countries.Both accounts are verified accounts. Recently I saw an advertisement for Alertpay, which is now called Payza. I have just registered for Alertpay aka Payza. Too early to say whether it's as good as or better or worse than Paypal.

[TheMightyEddy]

I personally hate Paypal as they have many secret and evil tricks that they can do on people. The best to go with is probably Alertpay or Moneybookers.

[DoctorWho]

I know that a lot of people have very real and very legitimate problems with PayPal, but I am happy to say that I have never experienced them myself. In reality, it has often times proven itself more reliable than my own brick-and-mortar bank. I guess the trick is to never get yourself flagged for anything, and always make sure that every dealing you have with a client is on the up and up, and you should be fine.

[carl_mathew]

If you take expenses on the internet for your items, what are the primary transaction processor chips you use and why those particular processors?

[Waynefire]

Even thought a lot of people complain about it, I use PayPal. This is what I have always used and what has worked out best for me in getting the payments. Not only that it is trusted by so many consumers that it is like a no brainer not to at least offer this.

[dexterlablab1]

My only real gripe with Paypal comes from the fees they enforce. Many alternatives don't have the fees they do.