3rd Party Merchant Accounts Articles
Accepting Online Payments With StormPay
While StormPay is NOT a way of receiving credit card payments online, it IS a method of receiving online payments.
Credit card payment processing means you don’t need your own credit card merchant account with its associated monthly fees.
The advantages:
* No merchant account, gateway or secure shopping cart required
* No credit history required
* No monthly minimum sales
* No monthly fees
* Allows recurring billing
The disadvantages:
* Higher cost per item sold
* Billing and credit card statements don’t show your business
* Doesn’t integrate with mail list.
* Deposits to your bank account take longer
* If you do something they think is wrong they can shut down your whole operation
Since the credit card processor is on the hook for any chargebacks they tend to be leery of anything that may seem shady. Read the agreement carefully
While StormPay is NOT a way of receiving credit card payments online, it IS a method of receiving online payments.
PayPal can accept credit cards, debit cards, money from a PayPal account or money directly from a PayPal user’s bank account with no merchant account or payment gateway.
2Checkout may be advantageous if you are only selling a few products and don’t want the hassle of setting up a merchant account and shopping cart.