crimsondrac:
... help some of the newbies (like me) understand what a reasonable price is for CC transactions. What acceptable monthly charges are. What vendors interface with Zencart with the least amount of trouble.
These are very important to many of us who are on a limited budget when trying to start up an online business. Like, I know Linkpoint is kinda expensive. You can easily pay more for the monthly services from linkpoint then you make in profit, especially for a startup site that may not have much traffic yet.Actually, the prices offered for CC services by the vendors listed on our Partners page are quite competitive, and very likely much lower than you'd get if you went to your bank directly to set up a merchant account.
We have left it to each shopowner to do their own research and decide on their own which service is best for their own business and needs.
In your research, you will discover:
a) CC-processing is not "cheap".
b) CC-processing costs are a cost of doing business, and must be factored into your budget just like banking fees, telephone fees, supplies, etc. If your budget won't support it, you can't do it. This may mean you need to rework your budget if you intend to capture the market of customers wanting to pay via credit card. This might mean increasing your product prices slightly.
c) There are lots of vendors out there, but they all pretty much have similar fee structures, albeit their rates may vary.
d) Fees are almost always negotiable -- as long as you have some leverage with which to negotiate, such as business/banking history to demonstrate volumes, etc.
e) Most folks starting out find it hard to stomach the monthly costs. However, after searching for options, they generally discover that the monthly costs are industry-standard.
Rather than spelling things out by making partisan statements and telling you which services to use, we offer options on our Partners page. We don't put "just anyone" on our Partners page, esp when it comes to merchant services.
We have already negotiated excellent rates with these partners (and you're free to renegotiate further if you like).
We have already built-in support for their gateways ... right into Zen Cart.
One might read between the lines that there are reasons for this.
We don't offer "only one" option in this way, as we are leaving it up to you to decide what's best for you.
If we told you directly "which one to use" and you didn't research to understand the industry and your contract, you'd be coming back here saying "but that's too expensive" or "wow, I just got my first statement -- I had no idea that it would cost me that much, now I'm broke", etc.
We can't tell you that sort of thing. But we do make many options available to you as a springboard to get started.
If you checkout each of the vendors' websites, you'll find that the prices we're quoting are less than their regularly quoted prices.
You'll ALSO find lots of information about Credit Card processing in general. Or you can Google about it.
Here's one place to start:
http://en.wikipedia.org/wiki/Merchant_account