credit card processing websites

yeung330xi · 03-11-2009, 10:19 AM

Just wondering if there are any business owners here that use any websites to process credit card payments?

anyone have any experiences with www.psigate.com?

or www.elavon.com?

Looking to see who has the best rates and service.

scollins · 03-11-2009, 11:11 AM

I haven't gotten around to setup CC processing yet, but it was looking like Quickbooks had a pretty good deal.

The one thing that all places do though is have different rates based on how you enter the card information. The best rate is given for "card present - swiped." So if you can get a card swiper for your computer, that will give you the best rates. The worst rates are "card not present - no additional security", meaning you didn't get the CV2 code, etc. The difference between the best and worst rates can be 1.0 to 1.5 points.

Costco also offers a credit card processing partnership that looks to have really good rates. http://www.elavon.com/acquiring/costco-canada/ Looks like the service is provided by Elavon.....

'Cane · 03-11-2009, 11:59 AM

My cousin owns a CC processing company. If you want his info, PM me. Very customer oriented people.

TurboFan · 03-11-2009, 06:28 PM

Look for a bank that does first party processing. They will have the best rates for you. That's what the third party people are doing - they go to a first party bank, set themselves up, then go out and market it to you. Most large banks can do first party processing. Check with the bank where you have your business accounts. I haven't gone that route yet, but I may in the near future.

03-11-2009, 10:19 AM	#1
yeung330xi Jordan aka The GOAT 95 Rep 477 Posts Drives: 2006 330XI Join Date: Jan 2006 Location: Ontario, Canada iTrader: (1) Garage List 2014 528i xdrive [0.00]	credit card processing websites Just wondering if there are any business owners here that use any websites to process credit card payments? anyone have any experiences with www.psigate.com? or www.elavon.com? Looking to see who has the best rates and service. __________________ December 2002\|\| 2003 330xi Steel Grey\Premium Package\CD Changer\Harman Kardon\Rain Sensor\Automatic March 2006 \|\| 2006 330xi Black Sapphire\Automatic\20% TINT\Blacklines\CF Splitters\M3 style spoiler\MFD LED Angel Eye Kit\19" CSL reps with Falken 452\
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03-11-2009, 11:11 AM	#2
scollins Bootleggin' 'n Gunrunnin' 137 Rep 2,372 Posts Drives: 2024 X3 M40i Join Date: May 2007 Location: Renton, WA iTrader: (3)	I haven't gotten around to setup CC processing yet, but it was looking like Quickbooks had a pretty good deal. The one thing that all places do though is have different rates based on how you enter the card information. The best rate is given for "card present - swiped." So if you can get a card swiper for your computer, that will give you the best rates. The worst rates are "card not present - no additional security", meaning you didn't get the CV2 code, etc. The difference between the best and worst rates can be 1.0 to 1.5 points. Costco also offers a credit card processing partnership that looks to have really good rates. http://www.elavon.com/acquiring/costco-canada/ Looks like the service is provided by Elavon..... __________________ Scott 2024 G01 X3 M40i, Brooklyn Grey Metallic /// 2015 F15 X5 35i, Space Gray Metallic, 99K miles /// 2013 F30 320xi, Mojave Metallic, 112k miles 2019 Ford F450 STX, Oxford White 2013 Ducati Multistrada Touring S, Red
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03-11-2009, 11:59 AM	#3
'Cane Major General 8500 Rep 5,368 Posts Drives: 2022 Aventurin/SS G82 xDrive Join Date: Feb 2007 Location: South Florida iTrader: (0) Garage List 2022 M4 Comp AWD [8.00]	My cousin owns a CC processing company. If you want his info, PM me. Very customer oriented people.
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03-11-2009, 06:28 PM	#4
TurboFan Ski bum 317 Rep 6,198 Posts Drives: sideways Join Date: Aug 2007 Location: Knee deep in the pow iTrader: (8)	Look for a bank that does first party processing. They will have the best rates for you. That's what the third party people are doing - they go to a first party bank, set themselves up, then go out and market it to you. Most large banks can do first party processing. Check with the bank where you have your business accounts. I haven't gone that route yet, but I may in the near future. __________________ 1999 e46 328i Ti Silver / Black[retired] 2007 e90 335xi Jet Black / Black[retired] 2011 e70 X5 35d Vermillion Red / Cinnamon 2011 e92 M3 LeMans / Fox Red extended
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