online Card payment system

[RealStarDeals]

Can some please recommend a online card payment system for selling as little as less than a £1 with out giving too much commission to online payment system like paypal or payworld .Thanks

 

[Merchant UK]

I think your going to have a real problem with anyone accepting a card payment of less than £1, unless you sign up to a merchant account, but that will cost you even more

Problem being is the transaction charges and costs in getting the money from the customer to you. I would say the cheapest would be paypal but have you thought about increasing your prices to absorb the charges??

have you considered Mobile payments, sites like this sometimes oks ok but the charges add to the final cost https://www.impulsepay.com/index

Have you thought of asking people to pay direct into your bank (by far the cheapest way)

Good Luck

 

[csaba]

The flipside of the coin is, it's extremely difficult to make a viable business with £1 unit economics. The biggest impact on conversion rates is going from £free to £1; if you start charging, conversion is virtually guaranteed to be in the <5% percentile.

Think very hard about the unit economics of your offering: you'd literally need hundreds of thousands of potential prospects to actually make it viable.

A better approach is always to charge more. Think about what value you can add to the offer, that would make it worthwhile for £10, £50, ..., even if it's specifical only for a fraction of the whole market.

 

[csaba]

Also -if you could describe what the offer is, we might be able to help with more insights

 

[louiecorp]

Hi,

Are you talking about $1 trial then rebill after the trial? as most processors already charge a flat fee of $1 per transaction plus transaction fees.