Accept Credit Card Payments On Your Website Or Thru A Touch Tone Phone

[Jeffrey R. Jonas]

Originally Posted by wforsyth

But there is a yearly or monthly fee if you want the mobile or landline accounts?

Wendy...

To the best of my knowledge, they do not offer any other service than on-line.

I will check with them later tonight, and post what I find out.

Jeff

[John McKenna]

Below is a comparison someone from the company ran for me
between Paypal vs Proconcepts-Propay for NACHI members.
(when you compare apples with apples)... remember, this is not
intended as slam against Paypal, just passing on the info to
you guys.

*****************************************

This assumes the following "features" are purchased:

- Telephone processing (charging a card by putting credit
card #'s in via a touchtone phone)
- Online Processing (an automated form - this is what
PayConcepts.net is)
- "Virtual" terminal processing (an online form you use to
process the card manually)


Per-Transaction Fees:

ProPay Premium: 3.25% + $0.35
PayPal: 2.9% + $0.30

** PayPal offers lower rates than that - 2.5% - 2.2%,
but according to their website - "Eligibility for
Merchant Rates is determined based on sales volume
from the previous calendar month"

Per-Month Fee:

ProPay + PayConcepts.net: $3.32/mo (you pay yearly)
PayPal: $20/mo

Misc. Features:

- With us, your name appears on the credit card statement.
- With us, we don't bombard your customers with PayPal
ads - your customers feel more secure and not obligated
to sign up with anything.

So, a typical scenario:

An inspector processing $36,000 in credit cards for
72 $500 transactions will receive these fees over the
course of one year.

PayPal:
=================================
$240 in monthly membership fee
$21.60 in $0.30 per-tran fee
$1,044 in 2.9% transaction fee
TOTAL: $1,305.60

ProPay + PayConcepts w/ Premium:
=================================
$39.90 in monthly membership fee
$25.20 in $0.35 per-tran fee
$1,260 in 3.25% transaction fee
TOTAL: $1,325.10

ProPay + PayConcepts w/ Premium Plus:
======================================
$69.90 in monthly membership fee
$21.60 in $0.30 per-tran fee
$1076.40 in 2.99% transaction fee
TOTAL: $1,167.90

ProPay + PayConcepts w/ Platinum:
======================================
$129.90 in monthly membership fee
$18 in $0.25 per-tran fee
$968.40 in 2.69% transaction fee
TOTAL: $1,116.30

SELLING POINTS:

- Less chargebacks (or threat thereof) since your name
appears on credit card charge.

- Set yearly charge - no surprises

- You get a Mastercard attached, which acts like a
prepaid Mastercard -- which means faster access to funds.
It's very convienent! (I use it constantly)

- do the "real" math - we're very likely cheaper for
your scenario as a small business.
*******************************************

My Response:

I did the numbers for a person only doing 4 charges
at $500 per month = $2000 p/mth or $24000 p/year of
total credit card charges. (someone who gets paid with
check, cash and sometimes credit cards for a modest
number of inspections might fit this example).

Paypal .......................... = $950.40 p/year
Proconcept (NACHI deal)... = $836.70 p/year

This allows the process of the Clients credit card via:

Telephone (You take the card in the field)
Web Form (Client pays from your web page)
Manual Form (You enter it on the internet)

I hope this helps.

[Jeffrey R. Jonas]

https://www.paypal.com/

https://www.paypal.com/cgi-bin/websc...ricing-outside

[Greg Bell]

You can eliminate that 20 dollar monthly charge by not having a virtual terminal. Once you do that the costs go way down.

[John McKenna]

Originally Posted by gbell

You can eliminate that 20 dollar monthly charge by not having a virtual terminal. Once you do that the costs go way down.

If you accept cards out in the field, at the time of the
inspection, the option to process the card via phone
is very useful.

If you want to sell anything out in the field, this is useful.

No special equipment required for Payconcept.

[Jeffrey R. Jonas]

Originally Posted by gbell

You can eliminate that 20 dollar monthly charge by not having a virtual terminal. Once you do that the costs go way down.

Yes..

And...

A few weeks ago, someone on the BB had a great idea...

If you bring your laptop to the field, use it to log in to Paypal directly, or via your website, and they can make their payment right then and there. No more "forgot my checkbook or wallet" problems. Instant payments...gotta love it !!!

[John McKenna]

Originally Posted by jjonas

Yes..

And...

A few weeks ago, someone on the BB had a great idea...

If you bring your laptop to the field, use it to log in to Paypal directly, or via your website, and they can make their payment right then and there. No more "forgot my checkbook or wallet" problems. Instant payments...gotta love it !!!

When you consider the hassle and expense of a wireless
internet account and taking the laptop with you into the field...
(sometimes there is no reception in some areas also)

A simple phone call to process the card sounds very nice. IMHO

[whandley]

Originally Posted by wforsyth

I'm actually glad to have an alternative to Paypal. They're okay overall, but in a high cost transaction...500-600, I lose quite a bit to the transaction if the client pays with a credit card. So if there is a better way, then that is great. Also, the client might feel it's too much trouble if they don't have a Paypal acct. already and may not want to or be able to set up an account. It's nice to have them just click a button or make a phone call.

Clients don't need a paypal account, they can pay with credit card or a paypal account.

[whandley]

Originally Posted by jmckenna1

Wendy,

What do you pay per year for your Paypal acct.?

and... What would be your normal fee for a $500.00
charge on a VISA card?

Please include any cost that would be included to
be able to take payments on your web site and
via cell phone... please.

Does Paypal appear on your Client's statement
or your name? With Payconcepts, it is
your name that the Client sees on their statement.

and... Yes you are correct, your Client does not
have to join anything. Just click and pay.

There is NO annual, monthly, equipment or start up fees with paypal. 2.9% of the transaction. If there are no transactions, there are no charges.

[whandley]

Originally Posted by wforsyth

Sorry about that John. The info is available even without a membership. But I should have logged out first.

Just a sec.

And no. Paypal wouldn't be that cheap. If I had five of those above transactions a week (God willing) I'd be paying 100 a week to use Paypal, minimum.

Hey Wendy,

John's program will have the same transaction charging plus the annual fees. That's more expensive than paypal.

[whandley]

Originally Posted by jjonas

John,

Paypal does not charge a yearly fee for it's 'basic' merchant accounts...just the 'per transaction' commission...DOWNSIDE is...on-line transactions only...no cell phone or land-line transactions. The only requirement is a e-mail address to join. UPSIDE...they (customers) can pay you with a credit card or from "their bank account" (once their account is "verified").

Hope this helps...

Jeff

Paypal does have a cell phone and or land line phone based payment option. I've used it for over a year.

https://www.paypal.com/cgi-bin/websc...erview-outside

[ntoll]

Originally Posted by whandley

Paypal does have a cell phone and or land line phone based payment option. I've used it for over a year.

https://www.paypal.com/cgi-bin/websc...erview-outside

I got kind of excited for a second there. That option is for paying only. The customer would have to activate their own phone for this to work. I'm sure the activation process takes too long to be of use. Of course they would also have to be a paypal member.

This the same thing as Obopay

[wforsyth]

That's what I was saying. They do have to create an account to be able to pay. Too much trouble.

[ntoll]

Originally Posted by wforsyth

That's what I was saying. They do have to create an account to be able to pay. Too much trouble.

It used to be that they had to have an account. Now you can pay with a credit card without having an account at paypal. I don't think the mobile option works without an account. There are merchant accounts thru paypal that allow you to collect over the phone or on your website but there are extra fees attached.

[John McKenna]

Like I said this is a good deal nor NACHI members and give
you a lot of options for a nice price.

http://www.nachi.org/payconcepts2007.htm