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Re: Submit form for payment processing

by MrStretch (Sexton)
on Mar 21, 2005 at 18:08 UTC ( [id://441253]=note: print w/replies, xml ) Need Help??


in reply to Submit form for payment processing

I'm not entirely sure of the cost to set up merchant accounts so someone can correct me if I'm wrong, but I believe to actual accept credit cards without paypal or another organization it requires a hefty fee along with monthly payments. If I am wrong, then please correct me, I'm interested in how this works

As for using paypal, it is realy easy to set up a merchant paypal account and start recieving money from customers; however, the only catch is that if you recieve too much money, then they take a fee from you per dollar. I think it is somewhere aruond 1,000 dollars before they start taking a percentage of your money.

If you read the tuts at paypal then setting up online payment with paypal can be a breaze, especialy if you take insaniac's advice and use a module such as Business::PayPal. Just look into it and figure out how you want to do it. Paypal is probly your best bet if you don't know how to set up ssl and other encryption methods or you are fairly new to Perl

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Re^2: Submit form for payment processing
by brian_d_foy (Abbot) on Mar 21, 2005 at 20:24 UTC

    PayPal takes money from the recipeint anyway, and it's a pretty hefty percentage compared to some credit card processors. It doesn't depend on the amount. The merchant rates start at $3,000 and offer a lower percentage, but they still have the transaction fixed-fee. See their rates.

    If you are handling a lot of money or lots of smaller transactions, the credit card processors will come out cheape. They usually have a recurring service charge and a set-up fee, but they also take a lower percentage in most cases and PayPal's transaction fee turns out to be higher than a credit card processor's monthly fee. Individual situations will vary based on number of transactions per month, average charge, and total receipts. PayPal does okay for low transaction rates, and credit cards do better for higher rates. PayPal is good for short-term situations where you won't need the service after a couple of months.

    --
    brian d foy <bdfoy@cpan.org>
Re^2: Submit form for payment processing
by b310 (Scribe) on Mar 21, 2005 at 18:21 UTC
    Hello:

    You all have given me a lot of information which is all useful. I will also tap into the developer's network at PayPal.

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