Merchant Account

Discussion in 'Operating a Hosting Business' started by Mayers, Feb 11, 2016.

  1. Mayers

    Mayers Member Verified Provider

    43
    6
    Jul 27, 2014
    Hello everyone. I'm looking for some suggestions for a merchant account. I for a bank / service that offers a plugin for whmcs (or there is a plugin for download), good customer service and good rates.


    If anyone can suggest a merchant account service that would be great :).
     
  2. NodeBlade

    NodeBlade New Member Verified Provider

    17
    4
    Jan 27, 2016
    Have you checked out PayPal's business accounts?  
     
  3. DomainBop

    DomainBop Dormant VPSB Pathogen

    2,258
    2,187
    Oct 11, 2013
    Authorize.net has a WHMCS module and their Advanced Fraud Protection Suite works well and is a free add-on.  You can save money if you go with one of their resellers (rates you're able to get will depend on your expected volume, business and credit history, etc) so you might want to contact several of their merchant account resellers http://www.authorize.net/solutions/merchantsolutions/resellerdirectory/
     
    Last edited by a moderator: Feb 11, 2016
  4. Mayers

    Mayers Member Verified Provider

    43
    6
    Jul 27, 2014
    I looked over it a bit a few days ago but did go into all the details. Is it a true merchant account?
     
  5. qps

    qps Active Member Verified Provider

    341
    132
    May 15, 2013
    We've been using CDGCommerce since 2004 and they have been solid.  They can do Authorize.net or you can use Quantum Gateway which is their in-house gateway that is very similar to Authorize.net.  The nice thing about Quantum Gateway is that it doesn't add any additional transaction fees, where as Authorize.net does.


    The rates at CDGCommerce are a bit higher than some others, but every time we've tried to switch, we ended up coming back due to issues with other providers.
     
  6. CenTex Hosting

    CenTex Hosting Member Verified Provider

    63
    7
    Dec 22, 2015
    A few that you can set up


    Paypal


    Bitpay


    authorize.net


    Set these 3 up and you will be good to go
     
  7. Mayers

    Mayers Member Verified Provider

    43
    6
    Jul 27, 2014
    Thank you for the feedback everyone. I'll take a look at all suggested and see what's going to be the best match :).
     
  8. MrRapidHost

    MrRapidHost New Member

    11
    1
    Jul 15, 2013
    try 2Checkout , I have been using their WHMCS module for a while, and they have a real good fraud detection.
     
  9. OneStepHosting

    OneStepHosting New Member Verified Provider

    28
    2
    Oct 5, 2015
    You want a merchant or payment gateway?  , for a gateway I would also add "Stripe" to thу list, works well for us .
     
    Last edited by a moderator: Feb 16, 2016
  10. Licensecart

    Licensecart Active Member

    367
    118
    May 22, 2013
    2Checkout aren't Webhost friendly you can google or search on WHT. They close webhost accounts as cyber something. Or just close it for one refund.


    The issue you have with merchant accounts you have full liability on chargebacks, if you use a payment gateway like stripe you minimise that risk but you have to be careful as too much chargebacks and they will close your account to protect their reputation and merchant account.
     
  11. Mayers

    Mayers Member Verified Provider

    43
    6
    Jul 27, 2014
    I'm open to payment gateways, but the main goal is a merchant account. Stripe is the main reason I'm looking into merchant account :p.

    Applied with them, sent them everything they asked for and didn't hear from them if I was approved. That gave me an idea of the type of support I'd get from them.

    Yes that's what I've read about 2checkout so I didn't bother.


    With Stripe all was good until someone claimed fraud on a dedicated server... All detail matched, no bad fraud score etc. I sent them everything I had but they sided with them go figure. I've had 100% success when someone pulls a fast one when calling PayPal but Stripe doesn't seem to have a way to be reach via phone.
     
  12. quadcone

    quadcone New Member Verified Provider

    11
    2
    May 14, 2015
    You mean Stripe closed your account due to one fraud?
     
  13. Mayers

    Mayers Member Verified Provider

    43
    6
    Jul 27, 2014
    No they haven't closed the account.
     
  14. DamienSB

    DamienSB New Member Verified Provider

    123
    26
    Mar 24, 2013
    Avoid 2checkout. Their reporting is awful and it is hard to reconcile at month end. We quit using 2checkout for this very reason.


    We use authorize.net with chase paymentech and paypal. We've had no issues.
     
  15. WSWD

    WSWD Active Member Verified Provider

    217
    103
    May 30, 2013
    Have you tried your bank? 


    That is SO often overlooked in the hosting world, and I'm not really sure why.  Well...the reason is probably that a good number of hosts are not actual businesses, thus can't get a business bank account, but whatever.  Your bank loves your money, and will normally do anything they can to keep you as a customer.  I've used my bank for brick and mortar businesses and hosting, and they've always been amazing.  For a few years, they paid for the authorize.net account, and paid all transaction fees.  They just wanted the money.  So in a sense, they were actually paying me to use them, since I would have been surely paying transaction fees with anyone else.


    Your mileage may vary, depending on your bank, but both banks I have used were able to beat any of the online merchant accounts hands down.
     
  16. DamienSB

    DamienSB New Member Verified Provider

    123
    26
    Mar 24, 2013
    This is exactly how chase works! Probably the best advice in this thread. Your local bank should be your first choice.
     
    WSWD likes this.
  17. Mayers

    Mayers Member Verified Provider

    43
    6
    Jul 27, 2014
    I've thought about talking to them. The only problem is the WHMCS integration.
     
  18. DomainBop

    DomainBop Dormant VPSB Pathogen

    2,258
    2,187
    Oct 11, 2013
    Banks are  a good choice but there are also some overlooked options for accepting online payments like  Costco Wholesale (through Elavon) which offers a small business friendly merchant solution with reasonable rates (1.99% for online payments and a low $10 fee for chargebacks)
     
  19. MrRapidHost

    MrRapidHost New Member

    11
    1
    Jul 15, 2013




    I've been using 2Checkout for a while no problems at all
     
  20. Licensecart

    Licensecart Active Member

    367
    118
    May 22, 2013
    Your time will come :) I had no issues until one day they told me my account was being closed.
     
    Last edited by a moderator: Mar 3, 2016