What payment processor do I use ?

[TinkleBerry]

I want to set up a website that sells trinkets but I'm having trouble figuring out which payment processor to use.

I know paypal is popular, but the fees are really high. Any suggestions???

 

[Zwielicht]

I have a few suggestions for you based on my own personal experience.

For example, I've used Wise to accept large international payments. I quite liked it because the funds were deposited in my back account the same day.

PayPal is expensive, but easy to use. I have PayPal integrated with OfficeOutlaw, but the high fees are annoying.

Stripe is another option, but I don't have much experience using it.

 

[UnusualSubstance]

I would use both PayPal and Stripe on your Ecom site.

The fees suck but it's just part of the game really, unfortunately.

 

[vec4me]

I use my own :3

 

[back2form]

HelLlLLO tinkles!!! Ahee will use PayPal even the price is little higher than other payment platforms..

Why I am missing your "ahee hoo tinkles "

 

[Champagne]

If you wanna provide a good customer experience, then you need to have Stripe (credit card) and Paypal. These are the most used options globally. Depending on what countries you are selling to, you can also implement other payment processors like Apple Pay, Play Store Payments, Skrill, and Payoneer. But in my honest opinion, Stripe and Paypal are the most important ones.

 

[Seobyamanda]

There is 2 more ways.

One is Stripe and Another is Usdt but buyers not prefiered it because it take long time have to copy and then send so buyers like only 2 ways.

one paypal and second stripe.

 

[Octavia]

I want to set up a website that sells trinkets but I'm having trouble figuring out which payment processor to use.

I know paypal is popular, but the fees are really high. Any suggestions???

Stripe is a solid payment processor for $$ if your clients are mostly based in EU I would take Mollie or Ayden.

 

[parishellton]

I like Stripe for my business.

 

[TinkleBerry]

Stripe is a solid payment processor for $$ if your clients are mostly based in EU I would take Mollie or Ayden.

Ohhooohoo I used to avoid STRIPE but maybe I'll take another gander at it!

TY

 

[t2van]

If transaction value is low like sub £10/$10 or whatever doesn't PayPal have an option for you to swap to the lower fee so you pay only 1p/1c per transaction or maybe its 5p/5c but then once you go to say £30 per item / order you end up paying a higher % I'm sure that's and option or at least was back in the day and for smaller items often is a better option when you start out.

More so if the trinkets are low ticket items (low value)

I think most processors now have intro rates or starting rates that are high and then shift on transaction orders and volume. Our Stripe and PayPal accounts are both on I think "bespoke" rates very low compared to whats out there but it's taken years to get to that point.

What you will start to find though as fees become lower the "problem" fees are we call them get higher no matter what sort of numbers you process. Stripe last year introduced a fixed fee for charge backs regardless if you win or loose the only exclusion for that or at least I think its global is if you offer to refund there and then.

Paypal has the same these use to be standard fees or no fees at all but now both have costs of £15-25 per dispute (not that we get them but we do like most business have them once in a blue moon)

I've been using both platforms solid now for 11 years with the business never had a problem with either they both work I do know there are horror stories out there, I do like both offer lending based on turn over etc, which has been handy before. Recommend both.

I personally as well prefer Clearpay over Klarna if you are looking to offer a pay in X option to customers as well, id say the last 12 months people using Clearpay to pay for orders under £5 and £10 has increased FAR more than you would ever imagine!! It's shocking really what people put on to pay over time..

 

[Dopious]

It's shocking really what people put on to pay over time..

Buy a burger now and pay $200 later.