Accepting Micro Funds For Your Website Or Online Business
The number one problem for online sellers and website owners accepting and processing micro payments is the very high charges charged by payment processors and credit card corporations, which can typically eat into a significant portion of the cost revenue stream.
Before we examine the various options and solutions in dealing with this pervasive problem, we should first define what constitutes a micro payment.
A micro cost is a cost for 소액결제
an merchandise or service that's of low value. For instance, website funds for ring tones, pay-per-views, downloads, e-books, and subscriptions in the $1 - $3 range could be considered as micro payments. A 25 cent fee for a download or a 5 cent fee for a SMS are very good examples of lesser worth micro payments.
There are basic methods that a web based seller may employ to simply accept a micro payment. The primary technique is to use a credit card, however the merchant fees can be quite high to accept a big number of funds for $1 and $2 micro funds, and this isn't usually a price environment friendly option.
Some online enterprise owners whose websites sell micro fee valued good and services will ask customers for their credit card particulars, and can process charges and invoices to their clients' cards when account balances reach specified fee threshold amounts.
Another variation of this method is to cost the shopper's credit card a minimal cost amount of (say $10), and a credit in this amount is then posted to the consumer's account, which depletes as nominal worth goods and providers are purchased from the vendor.
The problem with this method is that customers don't like offering their credit card details to strangers, they usually do not like the thought of making a down fee buy dedication for goods or services which the shopper might finally determine not to purchase.
The opposite option is to process fee for every micro transaction because it occurs using an online payment system, and there are a few viable options with a number of firms competing in this house, a few of which are much more price environment friendly than others, as I shall explain.
Let's look at the next example:
Consider a micro cost within the quantity of $2 USD sent internationally (from one country to a different) utilizing a enterprise account.
I've compared the charges that every of the next on-line payment processors would charge to handle this payment, and current the outcomes below, from highest to lowest cost:
ZayPay.com $0.ninety nine flat charge = $0.99 (forty nine% fee)
Cashbookers.com 1.9% +$0.40 = $.forty four (22% commission)
PayPal.com Regular 2.9% + $0.30 = $0.36 (18% fee)
AlertPay.com 2.5% +$0.25 = $0.30 (15% commission)
PayPal.com Micropay 6% + $0.05 = $0.17 (8.5% fee)
Payments.Amazon.com 5% + $0.05 = $0.15 (7.5% fee)
CashSender.com 1.5% no minimal = $0.03 (1.5% fee)
The highest charges would be incurred if using the services of Netherlands-primarily based ZayPay and UK-based Cashbookers. PayPal's regular cost service would lead to an 18% cost fee, and even their lite service for mirco payments leads to an 8.5% commission. By far the lowest cost micro payment processor is Canadian primarily based CashSender, as their 1.5% commission doesn't have a fixed charge component. Thus, CashSender's charge is even a fraction of the price of the following lowest provide on the list.
Many on-line sellers and website owners settle for micro fee as the life-blood of their enterprise operations. This means, many such funds are processed over the course of every month, throughout the year. Website URL: