Too often, everyone think that subscribing a payment gateway service is like another hit -or-miss decision which one can afford to be missed.
To name a few, you have local third party payment companies, namely Netbuilder, iPay88, Commerce Payment… international third party payment companies including Paypal, WorldPay, blar… blar… Then, comes Merchant Account provided by banks including Maybank, Public Bank, Citibank…
So, which one to go with?
Yeah, people start to compare about what is the setup fee, commissions, per transaction charge, withdrawal fee, integration, currency support…
Yet, online transaction is far more complicated than this!
Chargebank handling, extended security measures, payment refund, payment gateway uptime are features which will only be appreciated after you have got your hand dirty.
Payment gateway deals with money, your money. Disputes can happen and how your payment gateway companies will deal with it?
Reporting is another thing. You need a good one to work with the accounting of your company.
So, the one and only name you need to remember is, Paypal!
Hey, everyone think that subscribing a payment gateway service is like another hit -or-miss decision which one can afford to be missed.
Very good post related to Payment Gateway.
Thanks
Thanks
transaction fee for 4% is ridiculous. let say for ipay88,
for every RM1000 customer paid using online payment, RM40 is transaction fee.
everymonth let say 4 transaction = RM160.00
Per Year = RM1920.00 + ONE TIME SETUP FEE (500)+ Maintananece FEE (500)
almost RM3000 and counting if transaction increase. WTF
is it ok for company which can make profit 1000 per transaction. but ppl with profit RM50-100 per transction, i think wire bank transfer is much more better
Cikokui, any chance to reduce the amount of transaction charged through the payment gateway? Like Hotel Booking website, the operator charge 5% as deposit (through payment gateway), and the rest 95% are done offline. This reduces commission charged by payment gateway.