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Comparison of Alternate Payment Systems

by Dr. Ralph F. Wilson, E-Commerce Consultant
Web Commerce Today, Issue 71, June 15, 2003

 

Set-Up or monthly Fee

Discount Rate

Transaction Fee

Int'l

Goods

2CheckOut
2checkout.com

$49

5.5%

45¢

Essentially all

Both

CCNow
ccnow.com

Monthly $9.95 (US), $11.95 (Int'l)

9% US
11% Int'l

None

Essentially all

Tangible

ClickBank
clickbank.com
includes affiliate program

$49.95

7.5%

$1

Many

Digital

DigiBuy
digibuy.com
includes software download, registration

$29.99

13.9%
$3 minimum

None

Essentially all

Digital

e-gold
e-gold.com
no easy way to get funds into system

None

1% annual on balance

1% payee

Essentially all

Both

iKobo
ikobo.com
receive funds through i-Kard debit card in ATM

None, but pay to deliver i-Kard

2.75% (plus 2% outside the US) $2 minimum

95¢

Some

Both

Kagi
kagi.com

None

< $25 -- 5% plus $1.25/trans
$25-$75 -- 10%
>$100 -- 5% plus $5/trans

Essentially all

Both

Moneybookers
moneybookers.com
CC must be verified by phone

None

2% or 5%/8% for credit cards

None

Some

Both

PayCash
Cyphermint
cyphermint.com
Eastern Europe, Kiosk sales in Seven-11

None

2% USD*

None

Some

Both

PayPal
paypal.com
Widely accepted

None

2.9% to 2.2% USD*

30¢*

Many

Both

PaySystems
paysystems.com

$49

3.95% plus $1/transaction, OR
5.5% plus 35¢/transaction

Essentially all

Both

ProPay
propay.com
Manual CC entry by merchant

$35 annually

3.5%

35¢

US only

Both

*Rates differ in some countries

Comparison of discount rates for alternative payment systems


Web Commerce Today, Issue 71, June 15, 2003

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