Hello everyone,
We have recently established our start-up and are currently taking credit card payments through Stripe and PayPal. Our store is hosted on Squarespace.
We are wanting to extend our product range to offer subscriptions, however Stripe (or PayPal) don't seem to offer recurring payments. I have to admit I have been doing quite a few hours of research and am still a bit confused about payment processors, payment gateways, payment platforms and merchant accounts... From my limited understanding it seems that the merchant accounts with the banks are relatively expensive and an all-in-one solution would be preferable.
But I am a bit stuck with all the different options out there, what exactly their fees and role are (merchant account?!), and I haven't even begun to dig further into security and performance!
So I thought maybe one of you has looked into this before and could help me out. I am looking for a payment platform / combination of payment providers that:
- Can be integrated with our Squarespace site
- Can take recurring payments
- Is the most cost-effective for relatively small payments ($10-$15 each) - so I am looking for something with low/no fixed transaction fees
- Is PCI compliant (I thin this is the important security measure?)
- Doesn't have any huge performance issues
Any thoughts will be much appreciated! Thank you very much!