But... authorize.net is for USA only business... --- Marco Bambini SQLabs.com
On Dec 23, 2009, at 5:45 PM, Vince LaMonica wrote: > On Wed, 23 Dec 2009, Daniel Jalkut wrote: > > } Does any of the merchant's account services offer a similar > } convenience to PayPal, where the merchant service provider takes > } responsibility for storing the credit card number of your customer? > > I remember posting a year or so ago about this, but no, you don't need to > store any credit card info [in fact, in many cases it is not permitted by > VISA, MC, etc]. You can still issue refunds/credits/etc months after a > purchase via the payment gateway. Having used authorize.net for many > years, the fees are insanely low when compared to all of these paypal-like > services [and you actually can call someone when you need to and talk to a > human within a few minutes]. > > Setting up a merchant account with your bank is recommended regardless of > who you use for payments, since accounting is a lot simpler if you have a > business account and a personal account and keep them 100% separate. > > There are many resellers, but I have found dealing with authorize.net > direct has resulted in the best service and payment option [$50/month, no > transaction fee - this is good if you have a high number of transactions, > otherwise there's a $15/month, plus 0.20 transaction fee]. You do have to > pay a small percentage to VISA/MC/Amex, etc, and there are add on features > that can give you some extra security regarding fraud, but unless you're > selling $1,000 software, the default AVS protection is more than secure. > Even so, AVS protects against quite a bit of possible fraud [i used > authorize.net for a site that sold $$$ birding optics and it only missed 2 > transactions that were clearly fraud, but because i settled manually > 5-days a week, the cards were never charged the money, though it was > ear-marked for up to 7 business days in case we did need to charge them]. > > Going back to the original point - you can opt to collect the numbers and > CVV number [though storage beyond a few seconds is not allowed], but there > is no need to, since the gateway has that info and you can issue refunds, > etc via them w/o having to know the original number. > > The biggest 'downside' to this? You have to make or use a shopping cart > that talks to the gateway. This is *very* simple, however and if you're > just selling a few items, it is something you can whip out in an hour if > you only type with one hand. :) [and there are dozens of OSS shopping > carts you can study if you need insipiration]. > > HTH, > > /vjl/ > ------------------------------------ MacSB email guidelines: http://tinyurl.com/2g55d6 Use MacSB-Talk for off topic messages: http://groups.google.com/group/macsb-talk Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/macsb/ <*> Your email settings: Individual Email | Traditional <*> To change settings online go to: http://groups.yahoo.com/group/macsb/join (Yahoo! ID required) <*> To change settings via email: [email protected] [email protected] <*> To unsubscribe from this group, send an email to: [email protected] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
