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Young Entrepreneur Forums » General Internet » E-Commerce » Anyone know the best payment/merchant account for my situation?



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Old 01-23-2008, 10:12 PM   #1 (permalink)
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Question Anyone know the best payment/merchant account for my situation?

I am currently in the market looking for a way to accept payments from customers; however I have run into problems, especially with Paypal.

Basically I want to have payment system set up like Campusbooks.com or Textbookx.com.

I will have a marketplace for various items. The buyer will buy a item and the money will go into my account; after the book is delivered and confirmed delivered I will later send the money to the seller minus the listing fees.

Is there a service that will allow me to do this? If so could you give me a brief overview?

If not do you know what I may need to look for in order to do this like the above mentioned sites?

I was also thinking I could use paypal website standard and just send money when confirmation is done? IS this against their policy? Would a escrow system be better? PLease help

I have been thinking about Google checkout? Any good??

Thanks you.

Last edited by Davecore : 01-23-2008 at 10:24 PM.
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Old 01-23-2008, 10:47 PM   #2 (permalink)
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I'm not sure if what you want to do is allowed or not. I would guess that it would be best not to let the PayPal guys find out.

Other services include: Moneybookers.com and 2Checkout.com — Merchant Account / Credit Card Processing Alternative, you should read their guidelines to see if that is allowed.
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Old 02-17-2008, 05:41 PM   #3 (permalink)
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Google good so far .
Quicker and cheaper than those villains at Paypal
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Old 02-18-2008, 05:22 AM   #4 (permalink)
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1. You need to understand your targeted region.
2. You need to find out if your targeted region user are purely paypal based or if there are other transactional method that the local prefer.
3. Being a new player on the book market in comparison to those big guy you need something special that might relate back to the local so from what I can see in your industry you might want to go further to develop your very own payment gateway preferred by the user in your region. From the example provided you want to go into used book, from marketing point of view you should be targeting smaller area or community user compare with those in a big town where they will afford to buy new books. This means you might want to relate back to even their lifestyle. An example might be contacting bank to setup local gateway that able to accept debit card or payment gateway that support this or even to the extent of cash card and even payment gateway that might support discover where they can have the 1% cash back. Along side you might even want to start contacting those church for on going referral where you can offer x% from sales back to their church.

Again all these are thing you can do to pit against those stronger online book store atm. Once you figure out what you need then you can proceed to look for the possible payment gateway provider instead of asking or guessing what you need.
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