In an earlier post I mentioned that I had been looking at the PayPal Merchant Services as a potential new merchant account. I've finally had a chance to integrate the PayPal Shopping Cart into my new "temporary" website (to put up while we're getting the new super-snazzy one up and running) and so far I've been really impressed with the service.
I haven't yet tried their virtual terminal but the Shopping Cart is a free service and they simply take 1.9-2.9% + .30/per transaction off of each order that's placed through my website which is essentially inline with most other merchant rates. I received my first "test" order the other day and the feedback I got was that the cart was easy to use on my tester's end and I also liked the backend functionality on my end (aka - easy for a technophobe to use) which enables me to send emails to the buyer alerting them to when the product has shipped and the tracking information.
The virtual terminal, which I plan on buying, costs $20/month regardless of how many transactions you run through it and then you pay the % and transaction fees on top of that as you do with other merchant accounts. However, it looks like I'll save myself about $40/month using the PayPal terminal as opposed to my current virtual merchant account. Since I'm always in the mood to save money, not to mention the fact that I'm unsure what this economy will do to my industry this year, I figure I'll give the new PayPal virtual terminal a try.
I'm just waiting to make sure that the tester money is accurately deposited into my bank acocunt and then will go forward with testing the virtual terminal.
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