95 per month. With Take-A-Payment you simply embed a code onto your blog or website and customers just enter an invoice number and choose how much they'll pay. You can also set-up recurring payments and use to build a website, launch an online marketing campaign, and reputation management. It's a solid option for any business owner just starting out and not that familiar with these areas. 8. PayStand With PayStand your business can accept electronic payments, including eCheck, ACH, eCash, Credit and Debit Cards, directly on your invoices, website, social networks, billing systems, and mobile applications without extra software, coding, or an additional merchant account. Best of all? There are no transaction fees. PayStand can establish recurring billing, direct bank deposits, and a reporting dashboard that covers metrics like Lifetime Value, Average Revenue per Customer, and Active Recurring Revenue. This all-in-one payment solution has plans ranging from $19-$299 per month. 9. Elavon Specifically designed for small and medium sized businesses in-mind, Elavon allows you to accept payments online and on-the-go when using the company's Converge Mobile app.
Digital wallets also make it more convenient, and secure, for your customers to pay you since they don't have to fill-out any lengthy forms. Overall, you can streamline your project management, time tracking, estimates, invoices, and payments in one easy-to-install dashboard, as well as have access to live account monitoring, gift card processing, and reports and analytics so that you can keep the cash flowing. 2. PayPal Despite the amount of competitors that have challenged PayPal over the years, [are they jealous? ] it still remains the industry standard when it comes to accepting digital payments. With PayPal you can easily add a 'Buy' button onto your website, which then directs your customers to a secure PayPal checkout page. You can also accept payments through the phone or swipe card with a card readers. PayPal charges 2. 9 percent plus 30 cents per transaction. You can also create and send invoices with PayPal so that you can quickly receive a payment for your goods or services.
With this real-time data you can make more informed business decisions. If you need a loan to grow your business, then you can do so through Square Capital. Square charges a 2. 75 percent fee for every transaction. 5. Paymently Paymently focuses on providing small business owners with the most competitive credit card processing rates that come directly from Visa, Mastercard, Discover, and American Express with 0 percent markup. These wholesale rates also come with no hidden fees for set-up, application, cancellation, IRS, or PCI compliance. There are also no long-term contracts to sign to enjoy credit card processing for online payments, terminal payments, POS payments, or mobile payments. The pricing tiers are based on the number of monthly transactions you make. For example, the Lite pricing plan is for less than 100 transactions a month and is interchange plus $59 per month ash $0. 20 per transaction. The Established pricing plan is interchange plus $79 per month and $0. 10 per transaction, which is based on 100-200 transactions per month.
If there are some that don't, run away from those providers. What needs to be examined here prior to the credit card API integration is how can the actual card data be acquired by the merchant of record in the case that they decide to migrate to a different merchant service provider? What you don't want to find yourself in is a place where the credit card service provider is holding that card data hostage. Data hostaging can come in two forms: Requiring the merchant of record to pay an exorbitant fee in order to obtain an encrypted data file. Depending on the number of records, a hundred or even a few hundred dollars is not a ridiculous request. Generating the file takes man hours, so some kind of fee is warranted. The exorbitant types of fees that I'm speaking of are in the thousands of dollars. In one particular case involving an incoming client to Agile Payments, the client was delivered an invoice that amounted to over $10, 000 in order to receive a data file to be moved over to us.
In pure and simple terms, that kind of dollar amount request amounts to piracy. Obviously the processor that was being terminated was using the data file transfer fee in a hostage situation. It's better to know up-front what the fees will be for transfering data than to wait and get hit with a ridiculous dollar amount later on. Some processing organizations simply won't provide a data file unless the number of records exceed a certain threshold. That number can vary from processor to processor, but what it amounts to is that there will have to be man hours devoted to re-obtaining card data directly from customers should you migrate to a new credit card integration provider. Organizations typically affected by this scenario are startup's, where the initial credit card integration came near the end of their development roll-out and there was no consideration or, more likely, the application stakeholders simply weren't aware of credit card data hostaging. Decline management: In the card not present SaaS credit card transaction space, credit card declines are a huge problem.
We at Agile Payments are here to assist your organization in that respect. Revenue for vertical SaaS organizations: It's no secret any longer that software platform who have multiple businesses or organizations using their software are receiving revenue from their credit card API integration. Agile Payments has been at the forefront of revenue share agreements for over 15 years. Why? Because an integrated platform becomes a defacto sales agent for the processing provider. They should be rewarded with revenue for their integration and the vertical reach they have to their user base. It starts with a conversation about the application and who it will serve. From there we will present options and arrive at a model that works best for everyone involved. Have you considered the best revenue share situation for your credit card API integration? That's just a start at some of the common questions you might ask. With Agile Payments, we take the time to learn your business requirements and needs first.