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PayPal Dedication Can Leave Your Business Exposed!

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To many web users, PayPal is not the kind of pal they had
envisioned when starting their online business. Long on track
history but overwhelmingly unpopular among merchants and buyers
one is left to wonder why PayPal has continued to grow.

Ignorance and lack of knowledge has a lot to do with PayPal’s
growth. Many merchants are not aware of the potential problems
they can encounter depending solely on PayPal for their online
payment processing. That is, until they encounter potential
customers that won’t use PayPal to purchase their products or
services. Or worse, they have their PayPal merchant account
suspended and funds frozen without notice, effectively shutting
down their business.

If you really want to get some idea as to the depth of PayPal’s
unpopularity, you need only to do a search on Google. Type in
“PayPal Complaints” and click enter and see what happens. Over
335,000 results and still counting. No other online merchant
processor comes close to having this many dissatisfied customers.

‘Phishing’ is another reason many customers and potential
customers are steering clear of PayPal. Not that PayPal is doing
the ‘Phishing’, but they are certainly not making a big enough
effort to stop it. And why should they? They are not ‘Phishing’
and they are not losing money. Only the customer is. Virtually
100% of online ‘Phishing’ associated with merchant accounts is
done using the PayPal name. And even seasoned web users are
being scammed by this technique.

Customers can eliminate most, if not all, of the ‘Phishing’
associated with online purchasing by simply using a different
service. It is that simple! And there are plenty of good
alternatives to PayPal out there that are hungry for your
business. None are as big as PayPal and few have been around as
long as PayPal. But they are reputable and offer a wide variety
of services. And you most likely will never receive any
‘Phishing’ messages using their names.

So make the change now, before it is too late. Our advice is to
avoid PayPal if at all possible. And we also would advise you to
offer two different online payment options, with at least one
providing you with the ability to accept payments by check.

Following, you will find the most complete listing relating to
online payment options. Brief outlines are meant only to give
you an idea of what they have to offer. We would suggest taking
the time to visit each site. Your customers will thank you. And
you will most likely eliminate a lot of headaches in the process.

2CheckOut 2CheckOut has been offering its services since 1999.
2CheckOut charges $49.00 to open an account with transaction
fees of 5.5% plus 45 cents. It does not charge an application
fee nor does it impose any monthly or statement fees.

BidPay BidPay has been in business since 1999 and offers
services intended for those that buy and sell at online
auctions. Sellers receive payments directly to their bank or via
Western Union® branded money orders.

BitPass No set-up or maintenance fees for self-installed
product. Fees for BitPass Professional range from 15% for items
priced $0.01-$5.00 up to 5% + $0.50 for items priced $5.00 and
higher. BitPass provides a platform for digital content commerce
that bundles authentication, payment, and access control.
BitPass enables a la carte and subscription-based purchases at
any price point, starting at just one cent. Digital content can
be Downloads – Music files, stock photography, games, software,
movies, mobile content, crafts; Website Access – Premium website
content, Interactive games, subscription sites, online comics,
blogs, interactive panoramic photography; Streaming Media -
internet radio, concerts, webisodes, movies; and Services -
premium database searches, web hosting services, webinars,
premium customer support, interactive learning and testing.

CCNow CCNow is the perfect low cost solution to selling your
products online. With CCNow, you’ll avoid the up-front expense
and time required to set up e-commerce software, merchant
accounts, customer service and more. CCNow is a shopping cart
system that will allow you to take all major credit cards
without the need of a merchant account.

ClickBank If you have a unique product or service to sell, and
it is deliverable over the Internet itself (via web pages,
files, or email) then ClickBank is for you. They have 100,000
affiliates ready to promote your product. There is a one-time
set-up fee of $50.00. Transactions are $1.00 plus 7.5%.

DigiBuy Using DigiBuy’s ecommerce service, you can quickly and
inexpensively build a secure shopping cart to merchandise your
products, take orders online, process payments, and distribute
digital products over the Internet. Transaction fee is 13.9%
with a $3.00 minimum.

Ibill In business since 2002, Ibill is perfect for merchants
that sell services and subscriptions. Merchants can accept
payments online by credit card, check, and phone. Has numerous
fee schedules but the most common is for businesses that sell up
to $9,999.00 in a billing cycle. That charge is 15.19%.

Ikobo This is a money transfer service that has been providing
services since 2001. No application fee or set-up fees and
transaction fees range from $1.99 – $2.99 plus 29 cents.
Payments that are received are deposited to your Ikobo Visa
Debit Card or your bank account.

Moneybookers Ltd. Moneybookers enables any business or consumer
with an email address to securely and cost-effectively send and
receive payments online – in real-time! Moneybookers delivers a
product ideally suited for small businesses, online merchants,
individuals and others currently underserved by traditional
payment mechanisms. Does not charge for set-up or applying and
has no monthly fee. Transaction fees range from 2% – 8%,
depending on how payments are made.

MonPay Monpay has been doing business since 2003. With it, you
can sell products and services on web sites, auctions, and even
by email. It does not charge for set-up or applying and has no
monthly or hidden fees. Transaction fees for checks or credit
cards are 2.95% plus 55 cents.

PayMate Claims it is the fastest and safest global trading
service on the Internet. It has no set-up fees, gateway fees,
etc. Has a very high User Satisfaction and continues to add new
improvements on a regular basis. Transaction fees for credit
card payments are charged at 2.4%. Please visit their web site
for more information on transaction fees.

PaySat With PaySat you can sell your products/services Online
and enjoy such features as: International Merchants Accepted;
Instant Application Approval; Product and Recurring Billing;
Easy To Use Plug-N-Play Code; Flat Low Rates; No Set-up Fee;
Multi domain/brand support; and Intelligent Fraud Detection
System. PaySat is only in its 2nd year of operation but has a
pretty good reputation. Transaction fees are 5.3% plus 39 cents.

Paystone Great service that started in 2002. Free to open an
account with instant approval. Fees to receive payments range
from 2.8% + $0.10 for micropayments to 2.8% + $0.30 for
transactions over $5.00. There are no set-up or monthly fees.

PaySystems PaySystems Internet Merchant Account Solution is
designed to meet the specific needs of Internet and
mail/telephone order merchants. Available for U.S. and
European-based businesses, the PaySystems Internet Merchant
Account Solution allows merchants to expand their payment
options, increase sales and focus their management efforts on
growing their business. PaySystems has no application fees and
no merchant account set-up fees. Offers highly competitive rates
on transaction fees but you must contact them using their online
form at for more

ProPay USA With ProPay, merchants can accept payments by credit
card on the Internet and by phone. There is no expensive
equipment, no statement / gateway fees and no long term
contracts to use their service. Annual fees range from $34.95 -
$299.95 with transaction fees ranging from 3.50% plus $0.35 to
2.69% plus $0.25, depending on the type of account you desire.

RegNow RegNow is the software industry’s premier registration
commerce provider. RegNow makes running a successful online
shareware or software publisher business easy by putting a
highly advanced platform, customizable technology and powerful
resources right at your fingertips. No charge to apply but there
is a one-time account activation fee of$9.95 and transaction fee
is 16% with a $2.00 minimum charge. In business since 1998, provides an easy
system for users to pay for software and data licensing fees by
providing a variety of payment methods. There is a one-time
set-up fee of $50.00 and transactions are processed at 8.9% with
a $3 minimum.

share-it! share-it! is used by over 30,000 Software Publishers
for their e-Commerce Solution. share-it! works on a commission
basis. In other words, after licensing your program, they retain
a service charge of either USD/EUR* 2.95 + 5% (Pricing Model A)
or 14.9% but no less than USD/EUR* 2.50 (Pricing Model B) and )
and forward the remaining amount to you.

StormPay A very good service which has been around since 2002.
Free to open an account with instant approval. Fees to receive
payments are 6.9% plus 69 cents. There are no set-up or monthly

SWREG SWREG, the oldest online software store in the world, has
been in existence since 1987. All their prices include credit
card processing on their merchant account. Technically, you sell
to SWREG on consignment and they sell on to the end user. SWREG
accepts Micro Payments for 69 cents for items to $7 in value.
Default discount is $1 + 6% with a minimum fee of $1.50 (2%
surcharge for American Express). This account will be charged a
$20 monthly fee with the first payment to you each month made
with no transmission costs (free wire for instance). Visit for complete pricing

YowCow YowCow is a new company that offers online processing and
a 5-level deep affiliate program. No merchant account is needed
and you can begin selling today with no monthly fees and a free
shopping cart. Has numerous account plans available. Please
visit for
in-depth information.

Other Options Worth A Look:

Cardservice International at
Charge.Com at Credit Card
Processing Services at
at Free Merchant Source at e-gold at GreenZap at IntGold at Merchant Warehouse at Peppercoin at Total Payment Solutions at VirtualBank at

==== About the Author: Drew Michael is a webmaster and marketer.
He is the owner of The Business Junction at, a major software and
entrepreneur directory. For a free subscription to The Business
Junction Newsletter and free software downloads subscribe at:


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  • Posted On April 11, 2006
  • Published articles 283513

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