paypal, visa, mastercard etc

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Donny Spoel
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paypal, visa, mastercard etc

Postby Donny Spoel » Thu Jan 10, 2013 11:06 am

I have a questions for business owners or managers: does anybody have experience with receiving (online) payments from different countries for their business?

I'm checking out which methods are the cheapest and would love to have your opinion/information. For our business we sell online and receive payments from people from different countries (normally a few hundred USD per transaction). Until now we receive it in our bank account and the costs are $18 USD per transaction in our BCP account (although sometimes certain amounts of money "dissapear" as the banks decide to put an extra bank between the sending and receiving bank...). We would prefer to give our costumers also the possibility to pay with visa, mastercard and/or paypal.

Paypal is still not (fully) possible in Peru. I understand you have to open an account in the US, receive the money there and transfer it once in a while to your peruvian account (with extra costs for that). Is there any (non-US) who has experience doing that and what would it cost doing it that way?

I checked with Mastercard (and probably Visa will have someting like that as well, anyone knows??) and they can offer an "online package". They charge besides a commission of 5% per transaction also S/. 60 soles per month. As we don't have that many transactions I would like to have only a per transaction commission.

I know that there are companies like authorize.net who can do it for you, so you can offer different payment options. But does anybody have any experience (costs, reliability?) with a company like that in Peru?

Donny


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Re: paypal, visa, mastercard etc

Postby sabad » Fri Jan 11, 2013 2:55 pm

I've had some experience processing payments via
[url]https://www.paypal.com/home
[url]Scotia[/url]http://www.scotiabank.com.pe/
, [url]BCP,[/url]http://ww2.viabcp.com/zona_publica/01_persona/interna.asp?SEC=1&JER=42 [url]Interbank[/url]http://interbank.com.pe/,
[url]Payoneer[/url]http://payoneer.com/,
[url]xoom.com [/url[/url]https://www.xoom.com/peru;jsessionid=105655007627F7502DCE75794D91363F]

and others if you would like to chat specifics send me an email & I'll try & help. There are a lot of variables as you must know, as well as all the taxes or ITF charges that are tacked on to some bank transactions every little bit adds up. I've found cheapest isn't always the best path when it comes to moving $, however, I've found a few tricks that I'd be happy to pass along. Cheers~:)

Kind Regards,
Shannon Abad
Owner – ConsultUSPeru
Skype: consultusperu_sabad
Email: [email protected]

CONSULTING SERVICES
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fanning
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Re: paypal, visa, mastercard etc

Postby fanning » Fri Jan 11, 2013 8:46 pm

I am using a credit card processor from Holland (Multicards). They charge EUR 50 a year, and 5% commission on transactions.
I configured it in such a way that when the total amount is over $2000 then it is wired to our Peruvian account, ( at a cost of $ 18 + $ 25 from their side )
If you use it for travel ( travel agent / hotel ) you should be very careful, as you don't have any charge-back protection.
Personally I use it only with some online travel agents that must pay me. Because they are trustworthy I don't get chargebacks. But if I would use it with the general public then you get charge-back problems, and as a seller you ALWAYS loose, as there is no written approval, just an online approval, which is not valid for the credit card companies.
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chi chi
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Re: paypal, visa, mastercard etc

Postby chi chi » Fri Jan 11, 2013 10:25 pm

fanning wrote:But if I would use it with the general public then you get charge-back problems, and as a seller you ALWAYS loose, as there is no written approval, just an online approval, which is not valid for the credit card companies.


A better way then is asking customers to pay by Western Union or put the money in your bank account and they must pay the costs on top of that too.
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fanning
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Re: paypal, visa, mastercard etc

Postby fanning » Sat Jan 12, 2013 12:38 am

chi chi wrote:A better way then is asking customers to pay by Western Union or put the money in your bank account and they must pay the costs on top of that too.

That doesn't really work when you need to get a prepayment on a hotelreservation or some fixed price you ask for your services.
In some extraordinary cases we ask payment by Western Union, for example when the guest is making a large reservation, and to secure it we need a real guarantee. But in that case we would never charge the transaction fee to the customer.
But the OP is asking for online payments, so I tell him how we handle those, and what the pitfalls are.
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Re: paypal, visa, mastercard etc

Postby minos » Wed Jan 30, 2013 9:21 pm

try with Payoneer, which is associated with paypal and you can withdraw from any ATM card mastercard
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sbaustin
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Re: paypal, visa, mastercard etc

Postby sbaustin » Thu Jan 31, 2013 9:39 pm

Some very popular payment providers to check out are:
1. Authorize.Net
2. Paypal
3. Amazon FPS - they have a payment service
4. Google Checkout
5. Worldpay
6. Safteypay - this is used a lot in Peru but they are extremely expensive to work with and require you to sign a Non disclosure agreement which to me is a huge turnoff.

My suggestion is to check out some of the more popular online shopping cart software sites as they typically list the payment gateways (makes it easier to see what is out there). Start with Magento or BigCommerce.

http://www.magentocommerce.com/knowledg ... -gateways/
http://www.bigcommerce.com/payments/
Donny Spoel
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Re: paypal, visa, mastercard etc

Postby Donny Spoel » Fri Feb 01, 2013 9:52 am

Thanks for the information!
I am not sure yet what to use as all methods have a few disadvantages, so I will definitely check these out.
Donny

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