No Merchant Account Needed!

Now you can take full advantage of GoldCommerce Solution for your online store even if you don't have, don't want or can't get a merchant account!

Accepting Credit Card without merchant account

Before we discuss about the most popular third party processor, let's look at the advantages of having online payment processing on your web site.

Customer convenience:

Your online real-time payment processing account saves site visitors the inconvenience of writing and sending a cheque or calling to place an order.

Increased functionality:

Web sites are instantly turned into direct sales generators rather than just lead generators or online brochures.

Additional direct sales channel:

By being able to process credit card payments online, you are adding additional sales to your revenue stream.

Immediate authorization:

Once payment has been approved, you know it. This is the beauty of automation. There is no waiting for cheques to clear. If you are selling digital products via GoldCommerce, your customer will be immediately directed to your download page while you are still in your sleep. What else can be a better way to do business.

Streamline payment processing

With Internet merchant accounts and other payment providers, there are fewer steps necessary to assure valid payment as compared to less automated processes.

Integration with GoldCommerce Business Automation:

Integration is easy and totally seamless with the most popular 3rd party processors online today. You can automate your entire eBusiness (including real-time credit card processing and instant digital delivery) with your existing or new PayPal account. Signup now if you don't have an account yet, and want to accept credit card Online - without a merchant account.

Of course, you can also use your own Merchant Account and real-time gateway. We support all the leading merchant account providers: Authorize.net, EMS, QuickCommerce/ E-Commerce Exchange, PaymentPlanet and SkipJack.

Selling online through a well known reseller

2checkout.com Inc. 2CheckOut (Ohio, USA) is a reseller for tangible products as well as electronically downloadable products. You can sign up and start selling your products through them. Integrating with GoldCommerce is easy and totally seamless.

So, what's the difference between PayPal and 2Checkout, some of you may ask. Let's go through each of them in a little detail and hope this will help you with a better understanding of both and make your decision. See the comparison below:

FAQs	2checkout	PayPal
Signup Fees	One-time fee of $49	Free. No setup fee
Supported Credit Cards	VISA MasterCard American Express Discover/Novus Diners Club JCB	VISA MasterCard American Express Discover eChecks Bank Transfer
Discount Rates	5.5% plus $0.45 per transaction	1.9% to 2.9% + $0.30 USD per transaction
Payment Schedule	Weekly	Any time
Reserve Policy	5% held for 90 days	No reserve
Wire Transfer Fee	For supported currencies you can choose to receive the wire in your local currency at a fee of $6.00 per transfer or you can choose to receive the wire in US Dollars at a fee of $15.00 per transfer. For unsupported bank's currency you can choose to receive a US Dollar transfer at a discounted rate of $10.00	Withdrawal fees is dependent on countries: USA - Free E.g. Singapore - if S$200 or more - free. If less than S$200 - fee is S$9.00
Minimum Release Level	Business in USA - $10 via ACH. For International - $100 for cheque and $300	No minimum, your fund is available to you immediately
Recurring payment	Membership sites, services and recurring billing	Yes, you can accept donations, subscriptions, recurring billing

As with any service or product, there will be both advantages and disadvantages to each option. Each service has it's own characteristics which may or may not fit your needs. To help you decide how you will accept credit cards online, the above basic comparison chart should explain each of two generally popular ways to sell online. Simply follow the links to find out more and sign up with 2checkout.com and PayPal.

If you are just starting up and do not want to incur the cost of applying for a merchant account, do not want to pay monthly gateway fees, statement fees etc or you have difficulty getting a merchant account as in the case of most countries outside USA, then 3rd party payment processors or selling through a reseller like 2checkout.com are your best options.

While there are 100 million PayPal accounts, many potential buyers are not prepared to open a PayPal account just to make a single purchase, so it wise to go for 2checkout as well.

This greatly increases your sales because you have both.

To Your Success!
The InternetGoldPot Team

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