If you're the one from India or any country like her then you're unfortunate. All international payment gateway companies look at Indian merchants with suspicious eyes may be because lot of frauds occur in India and Indian police and courts are a gone case in case of frauds.
Moreover if you try to use Virtual Terminal from Indian IP address then be ready for your account being blocked because of too many suspicious transactions from a risky country.
Paypal is no doubt the largest payment gateway service provider in the world. It is now an EBay company. It was founded in 1998 and acquired by EBay in 2002. It has more than 153 million accounts worldwide and provides facility to transact in 23 currencies internationally. However Indian merchants can't receive payments from within India as it has been severely limited by RBI India.
Paypal offers two types of merchant accounts 1) Website Payments Standard and 2) Express Checkout. Paypal's pricing, quick time to integration and fraud protection can't be beaten. Express Checkout may not be available to Indians. The Website Payments Standard also offers automated tools like shipping calculator, sales tax calculation to help to with some merchant chores.
Paypal Website Payments Standard already comes integrated with most of shopping carts and Paypal API support too is excellent so that you can integrate Paypal with your ECommerce store quickly.
You need a bank account and PAN card to open Paypal account. The money is automatically transferred to your account daily. Those who are unable to use a Paypal account may use one opened in the name of their foreign relatives.
We urge Indians( and other 3rd world countries) to avoid Paypal and not even think of it. Even genuine merchants like you face lot of hassles with their account ultimately getting limited by them. Lately Alertpay too has started following it's foot steps.
2.4% to 3.4% + $0.30 USD
Revenue: US$2.23 billion
2Checkout was founded in 2000. 2Checkout is one payment gateway which if you're tied for once, you'll not want to leave : it has the one of the highest customer satisfaction rate. You'll not be a full fledged merchant but only a 2Checkout Authorized Reseller.
You simply add the products in 2Checkout account and a link/button will be created. This link needs to be placed in your site when customer clicks "buy now" at your site, then everything and beyond is taken care by 2Checkout.
Every product/service is actually sold on behalf of 2Checkout. It can take 1 or more days for you to start selling your products. As a supplier your products are marketed by 1000's of 2CO affiliated online shops which further your business. Desirous web store owners go through and select products to display on their sites, increasing your sales.
One time setup fees: $49
Transaction fees: $0.45
Alexa rank: 2471
Authorize.net is one of the largest payment gateway company with more than 300,000 merchants. It gained leadership in payment gateway service since it started way back in 1996. Now a days almost all shopping carts come with built in Authorize.net payment method. It offers two excellent API integration methods which a merchant can switch easily. It's fraud prevention tools are one of the best.
Alexa rank: 1551
Moneybookers is a UK based site which was founded in 2001 in London and whose main target is Europe and has 19.3 million account holders. It claims to have 80,000 merchants with 100 payment options 200 countries with more than 40 currencies worldwide. In India Visa, Mastercard,AMEX,JCP,Diners Club etc can used to make payment at Moneybookers. One can make payment at EBay using Moneybookers account too.
Transaction charges: 2.9-3.90% + $0.5
Alexa rank : 1400
Plimus is a global leader in payment gateway service. It was founded in 2001 and is headquartered in California. It's main target are those who sell digital goods like software publishers and game developers. Like 2CO it also supports payment by Paypal. It offers a transparent and simple pricing structure with absolutely no setup fees and AMC charges:
Alexa rank: 636
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