OYG Ads has hit a bit of a stump…I need a cost-effective credit card processor. Paypal is great but they charge 2.9% + 30 cents per transaction. On $1 transactions this eats about a third of the revenue.
So the question to my wonderful readers is: what’s a better (spelled c-h-e-a-p-e-r) credit card processor?
Still working hard on launching OYG Ads soon. Sorry for the slow updates.
-One Man
9 Responses
dcr
July 28th, 2007 at 10:24 pm
1You could take a look at Bee Tokens.
But, even with the PayPal fees, I don’t know as you’re going to find a better deal in terms of making it easy for people to pay and for bloggers to receive.
One Man
July 29th, 2007 at 12:28 am
2I can still pay bloggers with Paypal.
cooliojones
July 29th, 2007 at 4:51 am
3Honestly I dunno anyone who would be cheaper. PayPal has the easiest and least expensive setup that I know of. Anyone else you would have to sign a contract, and they are probably gonna be way more strict that AN Hosting!
One Man
July 29th, 2007 at 8:06 am
4You mean Paypal. And OK. Paypal it is. Geez guys
David
July 29th, 2007 at 10:24 am
5Paypal is like Google Adsense, you want to learn how to get away from it because of certain aspects but you can because of some of the great benefits.
A.J. - IAmFacingMillions.com
July 29th, 2007 at 6:17 pm
6You really should stick with a true merchant account. That is going to be the out and out cheapest way to do this not to mention it provides you the absolute largest customer base. Instead of looking for cheap (remember, you get what you pay for and any other option you pick will limit you in one way or another), look at the model.
Why not charge a $0.50 ad setup fee or network administrative fee. Charge this “per purchase rather than per link. This will encourage people to purchase multiple links. Make sure you categorize your sites well so when a person purchases one link, just before check out, you show them 10 other links available on related sites with merely a check box to add a purchase to those sites as well.
Or, simply accept that those $1 links are only going to net about $0.50 and hope that you can quickly sell into the $3 links. Think of it as a cost of doing business.
I think you are looking at this the wrong way. That’s just my opinion but that’s essentially what you have asked for so you got it
cooliojones
July 29th, 2007 at 7:37 pm
7LOL, no I meant AN Hosting. I was referring to the policies and procedures they may have you go through.
As far as AJ’s comment below, the Fireboard almost works like a parking meter, forcing you to keep coming back again and again to see if you’re still listed and pay for more time. It’s really a clever idea! So those $1 links will turn into more in no time, because it will be a lil competition among the readers.
dcr
July 29th, 2007 at 7:41 pm
8Question is, will people be willing to pull out their credit cards for a $1.00 purchase? It’s one thing to sign up with a major player, like Apple iTunes, for $.99 purchases, but when you’re dealing with an unknown or upstart, I think I’d rather pay through PayPal and not give the ad network my credit card number. $1 might be small, but it may lead buyers to worry about what unexpected charges are going to start appearing on their credit cards.
Start with PayPal. Expand to a merchant account when you get better known. On the other hand, if you let people pay through whichever method they prefer, you will probably be better off.
Stacy
July 31st, 2007 at 3:30 pm
9If you need to get a merchant account … don’t go through your bank (wells fargo, bank one, etc) … they’re just a middle man. If you’re going to get one, look into a direct provider such as these guys http://merchantwarehouse.com/merchant_services
That’s my 2cents.
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