Third Party Merchant Services
What is a third-party merchant service?
If you're starting a new online business, third party credit processors
are a strong option you should consider. By going through the third party
merchant servicess, you'll need less paperwork, and it is easier to get
started with credit card processing.
Third party merchant services are a company that can accept credit card
orders on behalf of you or your company. This makes obtaining a merchant
account for your company unnecessary, although it could be worthwhile
if you sell enough goods to warrant the expense involved.
Third party merchant services own merchant accounts with the additional
rights to use that merchant account to accept credit card orders on behalf
of other companies. They take care of the entire purchasing process. This
includes shopping cart, credit card authorization, customer service and
billing inquiries. When customers are ready to buy, they click on a link
on your site and are taken to a secure order form on the third-party server.
You are notified, usually by e-mail, that a transaction has been processed.
Your only responsibility is to ship the order. Some processors handle
returns.
Because they manage all aspects of transaction processing, third-party
processors allow small-business owners to save money on administration
and customer service. You don't need to manually verify transactions or
respond to billing questions.
The main advantages of using a"Third Party Service"
are that
- You don't have to buy or lease hardware and software,
- You don't have hefty setup costs,
- You don't have to wait for getting approved,
- You simply link your products to the validation service who then accepts
credit card payment on your behalf. They check the card, process the
card and send you a monthly payment for the amount you are owed.
List of Third Party Online Credit Card Processing Services
CCBill's system starts working when you direct your customers to a secure
signup page via a join link. The customer's personal information is transmitted
to CCBill in an encrypted format. CCBill screens the data with our advanced
Fraud Screening System. Once their credit card is approved via our authorization
network the customer is directed to a welcome page, or to a link to a
member's area.
- Setup Fees:$0
- Processing Fees: 13.5% hosting clients, 15% non-hosting clients.
CCNow allow you to sell only tangible (physical) merchandise that will
be shipped to online shoppers. Client payments are issued twice per month,
on the 1st and 16th day of each month.
CCNow provides you with customized snippets of HTML code to insert into
your Web pages. This lets you easily refer Online Shoppers to the secure
shopping facility. After each batch of orders is submitted and processed,
CCNow will send you notification of the orders via email. You then ship
the products directly to the online shoppers
- Setup Fee: $0
- Monthly Fees: $9.95 (US), $11.95 (International)
- Processing Fees: 9% (US), 11% (International)
If you distribute information via web pages, files, or email, CLICKBANK.
will enable you to accept all major credit cards without a merchant account..
You can also accept checks online for a one time setup fee.
Moments after you sign up with ClickBank, you'll be ready to sell whatever
your web business has to offer. All you need to do is add one more link
to your web site. When your customers click on this link they will see
a pricetag for the goods you wish to sell. ClickBank deducts a small transaction
fee (10% plus 40 cents) from each sale you make, then we send you a check
twice each month.
- Setup Fee: $49.95
- Processing Fees: 7.5% plus $1 per sale
Accept credit
cards today!
This service is intended for software authors only. Digibuy allows you
to setup, modify, and add products anytime. You have complete control
over pricing, order forms, and delivery options. You can check order status
and process refunds yourself.
- Setup Fee: $29.99 (Essential service); $199.00 (Advanced service)
- Processing Fees: 13.9%
If you're a web merchant with products, services or content to sell,
iBill has a turnkey e-commerce solution.
They charge a lower percentage rate and offer more bang for the buck.
You will be able to accept credit cards, checks online and they even offer
1-900 billing with free sign up on all accounts and no merchant account
needed. They will even password protect your site.
If you¡¯re a web merchant with products, services or content
to sell, ibill has a turnkey e-commerce solution that¡¯s designed
just for you. Our simple, real-time, secure credit card processing solutions
will get your online sales up and running quickly--with no setup fees
and no software to download!
- Setup Fee: $0
- Processing Fees: 10-15% of the transaction depending on volume.
PayPal is an account-based system that lets people securely send online
payments to anyone using their credit card or bank account.
PayPal Shopping Cart allows you to set up and turn your website into
an e-commerce enabled store. It's free and fully integrated with PayPal.
- Setup/Monthly Fees No/No
- Processing Fees Credit cards, 2.2% +$0.30, no minimum
Non-credit card, 1.6% +$0.30
- Note: Payments under $15 are only charged 30cents.
A new competitor to PayPal that currently only caters to US residents.
Unlike PayPal, your client doesn't have to join their service before you
get paid.
ProPay can also be used like a virtual terminal, so you can use it for
digital products, tangible products, and offline sales. Many others are
restricted to one or the other or are strictly Internet.
- Account setup: $0
- Transaction fee: 3.5% of transaction plus $.35
- "Buy Now" button: The first 10 buy buttons are FREE. Then
$5 per month per 100.
Designed for software authors to sell their ware, RegNow provides flexible
delivery options including quantity, licensing, and discount pricing options.
Their per-product "scripting technology" allows registration
and delivery process tailored to your products' requirements.
- One time account activation fee: $9.95
- Standard transaction fee: 20% with a $2.00 minimum charge
- Download delivery option: Additional 1% per transaction
- Affiliate generated sales: 15% of what you decide to pay the affiliate
With Verza you can instantly enable your website to sell products and/or
content. You sign-up online, there are no setup fees, and you can start
accepting orders on your own website in minutes. Also, Verza provides
everything you need to be successful online including: a virtual shopping
cart, reseller program, fraud screening, and direct deposit pay-outs.
Sell internet content, services, or tangible products by credit card.
No matter how you deliver your site contents Verza will enable you to
accept all major credit cards without a merchant account. You will also
be a able to accept checks online with no setup fee. No signup fee. No
monthly fee. Free affiliate network, Free password protection, 1-900 billing,
and so much more.
Once you sell a product or service online, how do you accept credit cards?
What other billing and online invoicing options are there? Verza provides
complete and cost-effective payment solutions to webmasters worldwide.
In combination with your own website, Verza will: Enable you to accept
all credit cards for billing your customers. Provide check and 1-900 telephone
billing options to your United States customers. Process your customers
credit card within 5 seconds (real-time) at low rates. Secure all transaction
data incorporating the latest security protocols available. Support the
complete payment cycle with state-of-the art real-time reporting and online
administration. Protect your business against fraudulent transactions
with Verza Veronica anti-fraud. Simplify administration of content sites
with subscription
- Setup Fee: $0
- Processing Fees: 4.9% plus $0.99 per transaction
Verotel sells the tickets for your content subscriptions on the Internet.
Content websites are normally using a 'members' area; a directory on your
website which is protected by usernames and passwords. A small script
which runs on your webserver let Verotel add, modify and delete usernames
and passwords to this members area.
- Setup Fee: $0
- Processing Fees:
19.0%: Ticket from $ 3.75 to USD $ 9.99
15.0%: Ticket from USD $ 10.00 to USD $ 19.99
12.0%: Ticket from USD $ 20.00 to USD $ 75.00
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