Author Topic: Credit Card Checkout service with "no" fees  (Read 982 times)

andrai2

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Credit Card Checkout service with "no" fees
« on: November 20, 2017, 00:10:42 am »
Hello!

I am making a website and client needs credit card payment method

i wanted to go with https://www.2checkout.com/pricing/?source=lv , evrything is good and straight forward, but as our shop goods ar quite cheap and business is very samlll 2.4% + 30ยข per trasnaction, client straret to doubt is it profitbale for such a small business

I wanted to ask Can somene sugest credit card checkout plugin with "no" fees or very litle fees...?

Thanks!

just a litle confuse in posibilties

http://extensions.virtuemart.net/?customfields%5B34%5D=&customfields%5B35%5D=&customfields%5B36%5D=payment&customfields%5B37%5D=&customfields%5B38%5D=&customfields%5B39%5D=&customfields%5B40%5D=&keyword=&searchAllCats=0&view=category&option=com_virtuemart&virtuemart_category_id=0&Itemid=137

GJC Web Design

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Re: Credit Card Checkout service with "no" fees
« Reply #1 on: November 20, 2017, 00:41:59 am »
I doubt u will find any payment gateway that won't charge ~ 3-5%

That is what they are there for...

Many small (and large - Ryan Air for one) businesses pass the cost on to the client -- i.e charge a fee if u pay by CC -- most plugins have a setting for this
GJC Web Design
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andrai2

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Re: Credit Card Checkout service with "no" fees
« Reply #2 on: November 20, 2017, 00:59:34 am »
Oh, Hi!

Thanks for point!

I also thought that there is commison everywhere, in case i a am missing something.

AH

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Re: Credit Card Checkout service with "no" fees
« Reply #3 on: November 20, 2017, 12:34:29 pm »
Payment Service Providers / Merchant acquirers  charge fees

This reduces the final value of the funds that they pay to you for a transaction that goes through their service.  Note that some acquirers have a whole host of fees that should be considered.

For very low margin businesses - these transaction fees can make certain payment types non viable unless (as GJC suggested) a fee is charged for certain payment methods

VM allows for fees to be charged for payments methods as part of the payment plugin parameters.

Customers often dislike such fees - so it is traditional to factor these into the price a customer pays.
regards
A

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