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Need advice for payment gateway

by extrim25
16 replies
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Good day.

I would like to accept payments online, but do not know what payment gateway to choose. I plan to sell products by dropshiping. As I do not have the registered office or the legal entity, what info I shoulld enter while registration? Buy a virtual address?

Thanks in advance!
#advice #dropship #gateway #payment
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  • Profile picture of the author SEO Pearl
    I would recommend you to use PayPal that would be good to use at the same they have a lot of restrictions too!
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  • Profile picture of the author dave_hermansen
    PayPal is always a good start. If you are in the U.S.A., get a real payment processor, as well. Our favorite is Durango and they use the NMI gateway. If you are in another country, you might try 2Checkout.
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    • Profile picture of the author konradg
      Originally Posted by dave_hermansen View Post

      PayPal is always a good start. If you are in the U.S.A., get a real payment processor, as well. Our favorite is Durango and they use the NMI gateway. If you are in another country, you might try 2Checkout.
      2Checkout requires information about a registered business though
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  • Profile picture of the author konradg
    I am in the same boat as you. Where are you from?
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    • Profile picture of the author extrim25
      Originally Posted by konradg View Post

      I am in the same boat as you. Where are you from?
      Ukraine. Upgraded Paypal account to business. Will try it for first time.
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  • Profile picture of the author will15
    You can go with Payeezy Firstdata Payment method. Also for registration i'm not sure about buying virtual address. So, you just contact payeezy support team for registration.

    For ready modules on Payeezy Firstdata i suggest to refer below link

    https://www.modulebazaar.com/en/modu...a-modules.html
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  • Profile picture of the author gingerninjas
    I use Eway - it works really well. If you're just starting out PayPal is fine, however once you're up and running you may want to look for a payment gateway that offers more integration into your accounting system (I use Xero).
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  • Profile picture of the author silveroaks
    PayPal is the best as it is the most used payment gateway we see around on the internet business community and this is because it is much safer.
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    • Profile picture of the author extrim25
      Originally Posted by silveroaks View Post

      PayPal is the best as it is the most used payment gateway we see around on the internet business community and this is because it is much safer.
      So, today I understand, that I cannot revieve payments via paypal in my country... Any Ideas?
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  • Profile picture of the author aquasamo
    need more information, thanks.
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    • Profile picture of the author BFX
      I had the same problem and got a payment gateway, I do not want to name it because after the agreement was in place I found out that they block founds for refunds, each load of a card is 2 bucks, plus comissions. Plus the fact that told me I can not pay orders from their account. A guy there told me to be aware that I must have goods in stock not to buy goods with the money received in my account!!!!
      So.. I want to terminate the relation with this famous gateway and get the money from one order out of their account.
      Preffer Pay Pal. At least do not block funds for refunds. Ah, I forgot. There is a minimum amount you can start withdraw from, 300 $!! LOL.
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  • Profile picture of the author onegoodman
    I know many warriors are recommending PayPal because it is the most known one, I personally would like to caution u from PayPal, I would say use them only for PayPal payments ( don't accept credit cards through PayPal for your own protection) PayPal doesn't have a good fraudulent transactions detection system, if scammers want to put u out of business, with fake credit cards wouldn't take them much.

    I accept stripe for credit card , and PayPal only for PayPal transactions (money paid through bank transfer). I never had an issue with stripe and their rate r even lower
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  • Profile picture of the author MoneyTalksBack
    Originally Posted by extrim25 View Post

    Good day.

    I would like to accept payments online, but do not know what payment gateway to choose. I plan to sell products by dropshiping. As I do not have the registered office or the legal entity, what info I shoulld enter while registration? Buy a virtual address?

    Thanks in advance!
    Paypal is a good way to start and is a great way to get some processing history under your belt, but not necessarily the best as a primary processor. You can see an article here that is related to Paypal and it's intended use versus a regular gateway/merchant account: Merchant Accounts vs. Paypal

    I would suggest registering the company legally if you plan on continuing your operation for more than a few months. Once you have some payment history and a registered corporation, move on to a notable high risk merchant account provider.
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  • Profile picture of the author ApoorvJoshi
    NMI is always a good start. If you are in the U.S.A., get a real payment processor, as well.
    Our favorite is Merchant Stronghold located in Clearwater, Florida and they use and provide the NMI gateway.
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  • Profile picture of the author provenbusinessmodels
    Go for Paypal Business Account bcoz other websites like 2checkout dont allow dropshipping and will ban your account if they catch you doing dropshipping.
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  • Profile picture of the author tnbacorp
    2checkout is decent, but fees are too high, same as paypal. you should be getting transaction rates around 0.9% not 2 point something.
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