I need a credit card processor

**rogercbryan** · 12-29-2007 01:37 PM

I just launched a new domestic/international shipping company and I’ve had numerous people ask if they can pay via credit card over the web. I contemplated using PayPal but their fees are a bit high. They may turn out to be the best option, but I was wondering if anyone knew of a processor with a transaction fee of $.25 (or less) and a processing fee of under 2.8%. I work on pretty narrow margins so I can’t afford rates any higher.

You can check out my service on the front page of Welcome to Capital Auto Auction. Once I work out the bugs I’m going to expand my services to a few more auctions. If you are in the auto industry and need towing or if you are a transporter please also feel free to contact me.

**iDuke** · 12-29-2007 02:57 PM

I would also be interested to hear any recommendations that can be suggested from the experience of others

**rogercbryan** · 12-29-2007 03:15 PM

iDuke- I've managed to get my current processor down to 2.15% +$.25 for online transactions.

But on a $1000 ticket with a margin of $75 thats still a $21.75 fee or about 30% of my income. I can't stretch my margins too much further.

**Saad** · 12-29-2007 03:16 PM

google checkout has lower fees, and it's similar to paypal. You can also tr escrow.

**stand856** · 12-29-2007 03:58 PM

i am actually in the process of applying to become an agent for cc processing, so if you can hold off on making any changes for a couple of weeks and i would be able to give you rates.

**ahwoogah** · 12-29-2007 07:47 PM

our website use linkpoint api i think there website is First Data

**rogercbryan** · 12-29-2007 08:54 PM

I'd need to know soon what the rate would be in order to wait. I have orders pending and I'm getting frustrated coordinating payments with my auctions. Can you give me some type of commitment rate?

Originally Posted by stand856

i am actually in the process of applying to become an agent for cc processing, so if you can hold off on making any changes for a couple of weeks and i would be able to give you rates.