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Yesterday I posted the first part of this two-part podcast series about taking payments online. In this the second part I look more in depth at taking credit card payments online and complete my discussion of Paypal.com. In particular I note my experiences with credit card fraud which you can find recounted in my business timeline part 2 and how that affected my decision process when looking for a credit card payment system for my business BetterEdit.com.
In this podcast I discuss these payment options:
- Paypal.com
- 2Checkout.com
- Paymate.com.au
- Merchant facilities provided by a bank
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An excellent 2 part series Yaro. Thanks for mentioning me in the 1st part - I’m famous!!! I think I’ll go with Paypal if I set up an online store, then. Paymate sounds good, but isn’t international! I hope the customer service side of Paypal gets better, so I can rely on them. Ace podcasts again Yaro! Ben
I really enjoy your podcast. Part 2 was really good…it is interesting to hear from someone who has been ripped off over the internet - it is way more prevalent than the industry likes to let on. The problem is it hits the “small” sites the hardest - the Amazons of the world can absorb a lot more fraud than a small site can.
The site I am setting up for my family business already has a merchant account so we are going to go the manual route to start - our shopping cart (shopsite.com) has a back office component to it that allows us to manual process the order. I have been thinking at adding Paypal as an option but because of your posdcast will now investigate 2checkout.com as well.
Thanks for the info.
This looks like an interesting site: http://www.paypalsucks.com/
[…] I have been considering directing my credit card paying clients back to Paypal.com. The current majority of my clients are from Australia and as I have written and podcasted about (and here 2) I prefer and recommend Paymate.com.au to any Australian online businesses. I prefer Paymate because it is Australian based, has simple and quick email support and best of all, has a very good anti-credit-card-fraud system in place, which I am sure is mostly to thank for my perfect 100% record of no fraud at BetterEdit.com, trades at eBay and other business transactions I complete (touch wood!). […]
[…] You can find more on taking payments is available in my podcasts - Taking Payments Online - Part 1 and Part 2. These were created last year and are a bit rough around the edges but they contain a rundown of how I eventually chose what payment providers I went with for my online business. […]