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1 post

Wannabe Geek


Topic # 223328 23-Sep-2017 21:49
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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!


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  Reply # 1871773 24-Sep-2017 05:13
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A former SaaS supplier of ours used PayPal for our monthly subscription.  I'm sure it was fully automated.





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  Reply # 1871849 24-Sep-2017 09:53
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UHD

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  Reply # 1871857 24-Sep-2017 10:17
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Stripe do subscriptions and are cheaper than PayPal last time I looked.


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Wannabe Geek


  Reply # 1882714 13-Oct-2017 02:08
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When looking for online payment processing solutions you have 2 clear options: 
- "DIY" - open a merchant account and look for a payment gateway (gateways) or payment provider that will connect you with the network of gateways
or
- Use a complete e-commerce solution – a payment processing service with a feature-rich platform to help you manage your products, pricing, campaigns and every important aspect of your online business in one place

If you want to sell globally you might want to go with an e-commerce solution. Depending on the type of product you are selling, there are a few options out there:

 


For retailers:

 

- Magento
- Shopify
- Opencart

 

 

 

For digital products:
- 2 Checkout
- BlueSnap


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  Reply # 1882756 13-Oct-2017 08:07
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QTMM:

 

 

 

We are wanting to extend our product range to offer subscriptions, however Stripe (or PayPal) don't seem to offer recurring payments.

 

 

PayPal offer subscriptions, it's one of their core products: https://www.paypal.com/nz/webapps/mpp/subscriptions


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  Reply # 1883615 14-Oct-2017 21:52
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MurrayM:

 

QTMM:

 

 

 

We are wanting to extend our product range to offer subscriptions, however Stripe (or PayPal) don't seem to offer recurring payments.

 

 

PayPal offer subscriptions, it's one of their core products: https://www.paypal.com/nz/webapps/mpp/subscriptions

 

 

 

 

Also, Stripe: https://stripe.com/subscriptions


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