One of the things I have been doing some research into over the past several weeks is payment processing options. As long as I am doing on-line sales, what I’ve currently got set up through PayPal works just fine. But I’m also going to be doing some off-line sales and need a working solution for those who would want to pay via credit or debit card.
I had heard of a Christian company called Cornerstone Payment Systems that sounded promising, but after a week of failed attempts to submit their on-line form, and having two e-mails returned as undeliverable I gave up on that option. So today I started investigating the options through PayPal. The Virtual Terminal was looking like a viable option until I saw the pricing chart – $30/mo. fee + a per transaction fee of 3.1% + $0.30. Eek! Perhaps I will find that the pricing is competitive with what I would have to pay to use a credit card processing company, but I still have no idea. I can’t imagine making enough in book sales at this point for that to be a cost-effective solution!
Still need to do some more research, but I would love to know if anyone has any recommendations for credit card processing companies. Also, I’d love to get some input on whether you think it would mean a significant loss in sales if I opted not to accept credit/debit cards at this point for offline sales. I just have a single book, priced at $14.99. Is it unreasonable in this day and age to limit people to paying with only cash or check? Any advice or opinions?