I got kicked out of PayPal (got account limited and shut down) for some reason that they wouldn't tell me. Anyway, I run a website-based store that is currently shut down until I can find an alternative payment method to use on the site on the items for sale. Any ideas?
Answer by GiantKin · Aug 31, 2010 at 03:56 AM
Hi! I've used a few different ones, here's links to them, then i'll talk about each.
https://www.alertpay.com/?Js49%2bOEDQWH2o%2bMLdTJPSw%3d%3d Start here Works like Paypal except costs to add money and withdraw it.
https://www.strictpay.com/index.php?referred_by=34224 Cheaper than AP, but at last word, was having BANK issue, due to a member (large member) doing illegal stuff, and getting their account froze. not sure if thats cleared up yet.
http://solidtrustpay.com/htdocs/index.php?r=5952 Good one, but to use fully cost $30 for Security card. Security card is only way to withdraw funds. (costs to withdraw as well)
http://www.libertyreserve.com/?ref=U3873807 CHEAPest one to use, hardest to move moving in/out of. You have to use an exchange service, to get money in/out of LR. Which varies in cost. 5% or less! (2% is common) you change LR into AP or STP, etc then use them to ACH to your bank.
Paypal is the cheapest of these types, as they do deposit/withdrawal for free. There are others out there, these are the big ones... oh Perfect Money, but its a step harder than LR, and so on :)
Might just want to look at getting setup with a Merchant Account Credit card.. using online processing is cheaper than the Swipe machine, around 2.5%, and a $10/month fee. Compared to the machine that ranges from $20/month to $5 per DAY (of use) and so on.
giantkin (at) giantkin (dot) com
Answer by Miles · Aug 29, 2012 at 03:45 PM
Paypal shut me down too and that's when I came across merchantinc.com They are a great alternative to paypal. You can use them to sell on yyour website, on eBay on a smart phone, over the phone and face to face with customers. They never hold your funds and money is deposited directly in to my checking account so no need to be transferring like I had to do with paypal. They are cheaper then paypal only charging 1.99% per transaction so not a bad deal and if you are trying to run a business a real merchant account is the way to go.
Answer by Fogarty · Aug 29, 2012 at 06:36 PM
We've written about a few over at LockerGnome.com. Not sure if you'll find any more answers that haven't already been detailed here, but it might be worth a look!
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