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Google has a pay feature (unless it is one of the things they did away with). I figure if they are trying to compete with Amazon, that is something they want to do. Just a thought. ><> ... Jack -- Whatever you do, work at it with all your heart... Colossians 3:23 "If you are not part of the solution, you are part of the precipitate" - Henry J. Tillman "Anyone who has never made a mistake, has never tried anything new." - Albert Einstein "You don't manage people; you manage things. You lead people." - Admiral Grace Hopper, USN Life is complex: it has a real part and an imaginary part. - Martin Terma ?Our virtues and our failings are inseparable, like force and matter. When they separate, man is no more.? - Nikola Tesla I don't enjoy a massacre of ads. Hackaday.com says this should slaughter their existance. On Tue, Aug 20, 2013 at 1:42 PM, Tom Metro <tmetro+blu at gmail.com> wrote: > Jack Coats wrote: >> Eric Chadbourne wrote: >>> A client of mine needs a store on his site that can accept payments well >>> over $10,000 per transaction. Paypal can't cut it. Any suggestions? >> >> If I remember the banking rules, PayPal might not want to deal with >> this because it REQUIRES a report be made to the Feds for each >> transaction at that level. > > It is my recollection as well that there are extra federal reporting > requirements for transactions of $10K or greater. > > >> Might be better to go to a bank to get a commercial account and a >> charge card merchant account. > > Yes, quite possibly. > > A typical online payment setup consists of these elements: > > 1. shopping cart or other e-commerce software; > 2. payment gateway (API used by your shopping cart); > 3. merchant account (a service that takes credit card transactions, > verifies them, and obtains funds from the CC provider); > 4. bank account; > > and you'll find varying combinations of bundling. PayPal, for example, > does all of these (they sort of provide a bank account; they're happy to > hold your money and let you spend it through a debit card). Most vendors > you'll find in the payment space do #2 and many bundle #2 and #3. Most > banks will provide #3, in addition to #4, of course. > > I'd say if Braintree, which does #2 and #3, handles $10K+, then probably > any other payment gateway provider will as well, as the reporting > requirements likely fall on the underlying bank providing the merchant > account or the bank account. > > The percentage-based transaction fees tend to be set by the merchant > account (#3) provider, so you'll benefit from shopping around for that > portion. Braintree, for example, will charge you 2.9% for their bundled > solution, or you get your own merchant account and they'll sell you just > the gateway (#2) service for $50/month. (There are also fixed > per-transaction fees of $0.10 to $0.30, but irrelevant for large > transactions.) > > > Eric Chadbourne wrote: >> These guys look interesting, https://www.braintreepayments.com/, >> but I have never used them. > > I don't have direct experience with them, but they are the vendor Google > has endorsed as the successor to its Google Checkout service, which it > is shutting down[1] in a few months. > > 1. https://support.google.com/checkout/sell/answer/3080449 > > > Stripe (https://stripe.com/) provides the same level of bundling, with > an emphasis on developer friendly APIs. Their pricing is the same 2.9% > as Braintree and most other bundled providers. > > At $10K+ the commission fees are going to be significant, so you'll want > to shop around. Ease of integration might end up being a secondary > concern, as it won't take many transactions before you'll break even on > higher up-front setup costs. > > For example, take a look at Amazon Payments > (http://payments.amazon.com/), which offers a turn-key service covering > #1 (a "Pay with Amazon" button) through #3 and charges commission on a > sliding scale, with transactions of $10K+ costing 2.2%. > > -Tom > > -- > Tom Metro > Venture Logic, Newton, MA, USA > "Enterprise solutions through open source." > Professional Profile: http://tmetro.venturelogic.com/ > _______________________________________________ > Discuss mailing list > Discuss at blu.org > http://lists.blu.org/mailman/listinfo/discuss
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