Payment method advice needed.

[Louis From Tex]

Hello Everyone,

I will be "launching" my business in the very near future, but need help figuring out how to accept payment from clients.

Let me provide you with some details...

I will be providing services (not a physical product) to clients in the USA, UK, parts of Asia, and Canada.

I will be working from a home office.

My business is registered in Ontario, Canada.

Due to the nature of my business, I'm assuming the best method I can use to receive payments is through credit cards.

In your opinion what is the best way for me to process these credit card payments?


I thank you all in advance, and look forward to your replies.

Regards,

David

Just a few questions:

Where are you located? How much anticipated monthly volume? What would you think is your average ticket? Are your clients corporate, small business, personal?

[Louis From Tex]

Thanks for the quick response, Corey.

Here are the answers to your questions.

> Where are you located?

Currently, I'm located in Ottawa, Canada. However, as of March 2006 I will be relocated to Tokyo, Japan.

> How much anticipated monthly volume?

It is fair to say that for the first year I should be averaging 100 transactions per month.

> What would you think is your average ticket?

(By "ticket" I assume you mean services. Correct?) Conservative figures would put my services between $55.00 US and $70.00 US.

> Are your clients corporate, small business, personal?"

The market I am targeting are small to medium sized businesses. Individuals (ex: sole-proprietorships) could also fit into this category.

I hope this will assist you.

Regards,

David

You might check out PSI Gate (and a merchant account) or Beanstream for Canadians. Get a relationship built with themand hopefully they will still be able to support you after your move. You might consider Paypal as well (in conjunction with the merchant account).

[Louis From Tex]

Thanks for the information, Corey.

It's greatly appreciated!

Regards,

David

Anytime - if you need someone to speak with at psi-gate, warren.lusk (@) psigate.com will be able to help you out. Another company - Paymentech is pretty large in Canada as well (they are owned by First Data)