Thursday, May 28, 2009

Payment gateway: Suggestions invited

“Online payment through credit card / net banking” is emerging as the most popular mode of payment from the survey.

There are a plenty of banks and third party payment gateway providers but they charge fees anywhere between 4-7% of transaction amount besides a hefty setup fee - prohibitively expensive for a startup.

Guys, suggest some reasonable alternatives or a gateway that would be willing to give discount to a startup!

Btw, preferences of adventure enthusiasts are appearing sharper with increasing number of responses …we will share the results soon :)

3 comments:

  1. how about having consumer paying into your bank accounts directly - either Online OR cash depost OR check? of course, there are pros and cons for you to make final decision...
    sumit

    ReplyDelete
  2. Thats a very good idea! It will save on the transaction costs.
    But we'll have to manage accounts in all prominent banks so that
    - customers can deposit cash in a nearby bank branch or
    - deposit cheque/transfer online from an account in the same bank. Inter-bank cheques/online transfers through NEFT take 1-3 days to clear which will lead to delays in confirmation process.

    Any other options worth considering?

    ReplyDelete
  3. use an online payment gateway. Most in ur TG will surely have a Credit card.

    Check out ccavenue.com and direcpay.com

    Both the above payment gateways will allow Credit/Debit/netbanking options

    ReplyDelete