Paypal, Stripe, Square vs Merchant Account - Which One Is Better - Merchant Account Processing

[@hadid1092]

What can't more videos be this clear, comprehensive AND engaging? Well done sir.

[@Bancardsales]

Thank you and thanks for watching !

[@MerchantMaverick]

You explained the differences really well between the 4 types of merchant accounts. Thanks for getting the point about the application requirements. Something I'll remember next time.

[@christenepoore2239]

@@videotoday8226 thank you

[@maryann2954]

Clear and informative - very helpful. An online store hosting site guided me to a merchant account they were affiliated with. Some months I had zero sales but still had to pay a $30 Gateway fee. Live and learn.

[@infinitegods9699]

This vid is gold. thanks for taking the time to create it.

[@enn8791]

Honestly this has been the most researched video I have watched on you tube.thanks a lot guys

[@Bancardsales]

Thank you so much for the kind words. I'm glad you liked it. in fact, quite a bit of research DID go into this particular video so I'm glad to hear that you like it! Lmk if there's other topics you'd like to learn about! ~Brian

[@baltazarcarpio4447]

Completeness of vision, ability to execute, to understand the enterprise, strategic focus. God bless

[@SharingTheBliss]

OMG I feel like I took a course! So many questions I had for years answered! Bless you!

[@Bancardsales]

Thanks for watching Coach Carmen! I've had people say that before so maybe I should make it a course :) j/k. if you need help with setting up a merchant account or adding payment page(s) do your website, let me know! ~Brian

[@SharingTheBliss]

@@Bancardsales You're awesome Brian! If only I found you a couple of years ago! I would have more hair left on my head! Lol

[@450o054]

thankyou I already had true merchant account setup for my business before I watched this video. Good to know I choose the right option for my small business.

[@aslmastertutor1670]

Which true merchant account do you recommend?

[@electromagnet1171]

The animations paired with your clear communication really made this video easy to follow and to learn from, thanks boss!

[@Bancardsales]

Thanks for watching. Glad you enjoyed it.

[@bencr53]

I never like videos... But this one truly deserves it. Thanks for the clear explanations

[@Bancardsales]

Thanks Ben. That's for the comment and I'm glad it helped. 👍

[@brandylynn5089]

Absolutely the best information I have seen on payment platforms and risks involved. Thank you for sharing.

[@Bancardsales]

Thanks for watching Brandy!

[@mRahman92]

This is the information I've been looking for! I've been developing a POS system proof of concept, but it's been illusive to find out how to integrate card processing merchant account into software.

[@Bancardsales]

What industry is your POS software? Let's talk if your up for it. I got a few things to share with you. Www.bancardsales.com/call/Brian

[@lauramerrill7429]

What he does NOT mention in this "comparison" video is that "REAL" merchant processors or "direct" merchant processors may have additional MONTHLY account fees, processing fees, and other (unexplainable fees) BESIDES the sales percentage rate and the per-transaction fees. PLUS they may have lower rates for some common credit card types (like Visa, MasterCard) but have much higher rates for running others like American Express, Discover, etc or not allow processing of them altogether (which means disappointed and inconvenienced customers). For Small/Medium sized, less established companies, these details can be a huge drain on funds and/or turn customers/sales away by having to reject their payment option. IF you have a business that is seasonal or runs temporary/event type sales, then this fund-drain is acerbated by the fact the those additional monthly fees will still be deducted on the months that you do NOT process cards or make money. IF you are going to look into a merchant processing company, you need to ask about ALL possible fees and policies (including how THEY handle chargebacks and fraud -which may ALSO be biased toward buyers- and how much that costs YOU in addition.) JUST some more stuff to consider. Good luck with your research and finding the right one for you.

[@Bancardsales]

@Laura Merrill Thanks for watching and for the comments. I've covered merchant account pricing in other videos on the channel and openly share monthly costs for merchant accounts. With that, regardless of the "extra" fees that some merchant account providers charge, it all comes back to effective rate if you're talking about price/cost/rate alone (while comparing provider to provider on cost alone) . Here's one video where I discuss merchant account rates and fees vs. paypal and I mention a $25 monthly fee: kzbin.info/www/bejne/qmrEe5WbndxqrsU and here's another video dedicated to merchant account pricing: kzbin.info/www/bejne/a5vOXmOOrdCciJI Hope this helps you and anyone else who reads this comment thinking that something might have been left out. -Brian

[@briansmith3785]

That's so true about the charge back,add a small business and a customer spouse did a charge back on a prepaid gift card,not knowing that husband was the one that using the card behind her back and paypal closed my account because of that.

[@Bancardsales]

Do you use PayPal, Stripe or Square? OR do you use a merchant account? Let me know if you have ever had YOUR account frozen... and if you have ANY questions comment below. -Brian.

[@sandeeppal3835]

Brian- I am running business from India & my customers are in USA.. I need a solution where i can accept credit card payments over the phone or any online medium.. I am ready to pay for ur services.. Kindly help ASAP.. My email address is [e-mail] if u want i can also call u at ur convenient time.. Thanks

[@trading6225]

you dummy all the businesses accept visa, mastercard , american express + paypal at least. so cut the bullshit

[@keenaghanmd]

This was super helpful. Broke it down to help me understand how I should start and where my goal should be.

[@Bancardsales]

Thanks for watching Michael. If you have any questions just comment back or schedule a consult. Www.bancardsales.com/call

[@coreybryant184]

Thank you so much for this video! This was exactly what I was looking for and answered so many questions for me.

[@Bancardsales]

You're welcome. Thanks for watching and commenting.!

[@trinhnga2123]

Please avoid PayPal at all costs.

[@cleardestiny9023]

THANK YOU

[@welcometoreality3450]

you should be screaming your comment in caps!

[@changjunlim5705]

Why?

[@welcometoreality3450]

@@changjunlim5705 they are VERY evil to sellers. buyers are in the dark about it

[@sent4dc]

Totally agreed. I've been using PayPal for many years to accept software license payments and I can't wait to switch away from it. My main pet peeves are: 1) Huge chargebacks of up to $20 per fraudulent transaction. They simply pass it on to the merchant if someone pays you with a stolen credit card (which happens alot online.) So say, you accepted a credit card payment of $25. You get $23.80 (not the exact number) that is added to your account. Then say, this payment comes back as a chargeback at the end of the month. So PayPal initiates a dispute and automatically takes out $25. (Note that you received $23.80, but they took out $25, so you're already at a loss.) Then, no mater what you reply to their dispute, in about a week, they will rule it against you and will impose an additional $20 fee. So to recap, you received $23.80, then they deducted ($25) and then again the ($20) chargeback fee. Nice, isn't it. No wonder Elon Musk can shoot up rockets into space with this kinda business. (I know that he & Tiele sold it, but that was the business model they established.) 2) Absolutely no customer service. It would take you 20 minutes just to find a form to submit an email. And then you'll get some nonsensical response from an AI (or from someone in India written as a copy-and-paste from a template.) 3) Very steep commission (fees) if you accept international payments. Way higher than Stripe. 4) Their website UI is so bloated & complicated to set up that I would literally Google it to find a link in their control panel.

[@Noah_Aguilar]

Thank you so much this is helping me out a lot. I just a started a website and I wanted to make sure what would be best to use to make my payments but without having any fees added or having my account frozen. So like I said thank you for explaining this so well.

[@Bancardsales]

That's great Noah. Thanks for watching and glad the video helped. !

[@beartemusic]

Great value delivered in an entertaining manner. 🙂 Thanks Brian!

[@IAmQuandraLee]

Great video! Thank you for explaining it in such a simple and understandable way. I'm paying Square TOO MUCH and want to switch to a merchant account. This makes me feel more confident about the change. Thanks again!

[@Bancardsales]

@quandralee9371 You're welcome and glad you liked the video. If you want to talk about details of setting up a merchant account, you can schedule a free consult with us here: www.bancardsales.com/call/brian thanks for watching!

[@brandylynn5089]

I never understood why ppl would treat PayPal as a bank when they clearly aren't. You don't let large sums of money build up in your acct. Move it to ur bank acct. Leave minimal funds in PayPal accts at all points. Then your not devastated when they pull this freeze your funds crap.

[@chicharon8171]

They locked my account after _one_ transaction. How do I transfer if to my bank account, then? From other testimonies I've also learned that they can also _also_ flag you when you withdraw a large chunk of your balance at once from your account.

[@chicharon8171]

@Say what you want Say what you won't Nah I knew that, I was just desperate because it's often the only payment option clients will accept. Thank god it was just a very small transaction (but I'm still very salty) I was just trying to be sarcastic to OP saying we should regularly transfer our money back to our bank account as other people's account get frozen over doing exactly that...

[@frijolechingon5713]

Some don't have that option right away, it's a process...

[@StudioGalvan]

A lot of good info delivered efficiently! 👍🏼 (2nd Watch)

[@Bancardsales]

Carlos, thanks and thanks for watching!

[@mikeadams110]

Nice meeting you Brian! This was the very best educational video I've ever accessed to date on KZbin. What software did you use to create it? This is first time in 12 years I didn't have to struggle to read, hear or understand its content. Finally, someone who understands the critical interdependence & use of contrast, color and print/overlay SIZE. This should be used as a universal model for all KZbin videos. Bravo and well-done.

[@Bancardsales]

Thank you Mike. Those are very kind words and I'm glad the material helped you. If you have any questions ping me back with questions. -Brian

[@californiabearrawr1689]

My thoughts are exactly the same.

[@DanishAnton]

@@Bancardsales So what software was used?

[@Bancardsales]

@@DanishAnton All of my videos are edited in Adobe Premiere Pro! Thanks for watching! ~Brian.

[@Bancardsales]

@@californiabearrawr1689 Thank you and thanks for watching. Let me know if you have any questions about payment acceptance in your business. ~Brian

[@michaelrainesjr1135]

Most informational video out of the videos i watched and I'm starting with stripe but i will be getting a merchant account. Thank you.

[@Bancardsales]

Thank you and thanks for watching! When the time comes to get a Merchant account comment back and I'll help you get set up. And you can schedule with me here: Www.bancardsales.com/call

[@reneestroud1776]

This video clearly explained general details to identify how each payment option could be used in various scenarios. I know have a better understanding of merchant account providers and payment aggregators. Thank you for sharing.

[@Bancardsales]

Glad it was helpful and thanks for watching Renee! If you have any questions, please feel free to reach out at one of the links in the description! ~Brian

[@Clari-k2e]

This is very, very informative and essential to know and still relevant today January 2024, thank you for making this video.

[@Bancardsales]

Thank you. Thank you for watching!! -Brian

[@baliyogatravelretreats]

Wow! What a thorough video~~ Thank you so much!!!

[@ВіталійКовзаленко]

Clear and informative - very helpful.

[@Bancardsales]

Thank you. Thanks for watching !

[@partyrentalcreation]

This is one of the best videos by far. Thank you for your explanation.

[@Bancardsales]

Glad you liked it and thanks for watching. If youre interested in a payment system get in touch with me here : www.brianmanning.co/call

[@AndyRocket1000]

Im very glad that you Are making this video. Its hard to finds good information about This. My stripe got frozen in 2020. It was confusing! They sayed it will make to much dispute🤷‍♂️I finnaly feel the strenght and focus to make a real webshop

[@MrJf300z]

Super informative. Thanks for the video man. That was dope 🔥

[@Bancardsales]

Glad you liked it and thanks for watching!

[@nicoc1236]

Very well done and easy to follow! Thanks man!

[@Rolanditou]

This Video worth Money !!!

[@miguelfranciscojavierbarro4207]

Uu×29/:4%%/^__^

[@zachkaeser8320]

Quick and informative overview of the different payment solutions available. Your video really helped me narrow my focus for setting up my band's merchandise page on our website. Thank you!

[@Bancardsales]

Thanks Zach. I have a couple specific software tools for you if your open to it. Lmk and I'll send them to you. Thanks for watching! ‐Brian

[@GETREALLYRICH]

Thought this was going to compare the three directly with more details of each.

[@Bancardsales]

Which detail of each were you specifically looking for ?

[@GETREALLYRICH]

A pros and cons review of each compared to each other for usability, cost, softwares,hardware, customer service and things like that.

[@Bancardsales]

Got it. I could put something like that together, although some of it would be speculative. You'll get the best customer service by working directly with a professional payments manager like myself or one of my associates. We offer payment system analysis. Let me know if you would like the link to schedule.

[@KymmberlyMarshae]

Great video I love the type of info you provide to your audience. My questions is, for an independent travel agent who collects payments and then have to make the payments to the cruise vendors, what system/ approach would you suggest?

[@Bancardsales]

Hey Kimberly thanks for watching and glad you enjoy the content . In your situation it depends on what you require to have automated and what your okay manually performing in terms of the transactions from your customers and then to the cruise vendors. If you want to discuss further click the clink in the description to schedule a time to talk with me. 😀 ‐Brian

[@adityaverma5764]

Wow! Awesome video 🙂

[@Bancardsales]

Thank you and thanks for watching! -Brian

[@worldoffshorebanks]

Exactly. Look for the best solution for your business.

[@xelahot]

Very instructive video, thank you! I didn't even know the difference between the two and I'm having troubles with Paypal for the second time. I'll go with a merchant account.

[@brianmurphy8051]

Great name Brian! This question is for you or anyone else here who has some info. We have formed an LLC and will be coaching/teaching a sport in a physical place in a strip mall, and they will pay their monthly fee via Autopay month after month hopefully. Very simple. We also will sell some related products from time to time (hopefully a lot, but our key is the monthly autopay membership charge). We hope to get to 100 members ASAP and top off from 200-300. So that's not a high quantity of charges, but the amount would be over $5000 per month if we are to survive. From this video, it sounds like a MERCHANT account is the way to go right? MONTHLY AUTO-PAY is the key here......

[@Bancardsales]

Brian, thanks for watching! In your scenario a merchant account with mobile capabilities and a virtual environment is what you need. I can help you set it up. Go ahead and schedule a call with me here: www.bancardsales.com/call and we can have a conversation about your situation !

[@brianmurphy8051]

@@Bancardsales Brian, I started to book that, but nowhere do I see any where to PAY..... was I doing it wrong?

[@Bancardsales]

Hey Brian, Sorry I missed this reply until now. There's no where to pay. The strategy is free. If you want to set up a payment system (after we talk) then there is a cost to that! Talk to you soon! you can book here: www.bancardsales.com/call

[@vicentaclaudio2329]

do I get a monthly statements and a year end statements for tax purposes

[@mjsdp]

Excellent video! Thank you for the clarification

[@AddviceWorld]

Can someone for another country use stripe without opening account in USA or following some procedures that others are saying? (Open account in USA, Bank account in USA , business address in USA and etc)???

[@GuidoLoko]

Very informative! Unfortunately I had to learn all of those things the hard way! I hope alot of small business owners come across your video. They do have some very shady people out there setting up merchant accounts and just care about 1 thing... There commission and/or bonuses for setting up new accounts.

[@Bancardsales]

Unfortunatley that is true sometimes. Thanks for watching and commenting. If there's any topics you'd like to see more of, feel free to leave a suggestion by commenting back or filling out this form: www.bancardsales.com/ask

[@rwjumah]

Interesting and insightful, high-level video Brian. Thank you

[@Bancardsales]

You are welcome. Glad you enjoyed it. When your ready to set up a merchant account, send me a message or go to www.bancardsales.com/call

[@Shunpall]

Thank you for putting this video together, found it very informative.

[@Bancardsales]

You're welcome and thanks for watching!

[@eamonshields2754]

Phenomenal video !!

[@georgiahuff604]

Thanks for quick concise info with no bulwark you rock.

[@LosCardenitas]

Glad to have across this video, thank you for the info. It has been very useful.

[@Bancardsales]

Glad you liked it! - Brian

[@normag8135]

@@Bancardsales Hola

[@audreymitchell836]

thank you so much. you just help me make a decision and stop stressing.

[@Bancardsales]

Great. Thanks for warching.!

[@1414141x]

Thanks for the video - a great first point for getting an understanding of how these systems work. Can you advise how I should tackle a problem that I will have though please. I am setting up a hire business for machinery - I will be taking machines to customers for them to hire so I will need a wireless transaction ability. Also , as I will be hiring machines out, I will be taking deposits rather than a sale, so the amount I will taking from a customer will not really reflect the sale amount as I will be paying the deposit back to the customer (minus charges for rent period/damage etc). So using one of the models you showed I would end up paying a percentage of the deposit, not the actual amount I eventually get for the hire period. I will also need to have the ability to pay money back into the customers account. Perhaps the hire industry is unusual in this way.

[@boahandarrowsproductions4326]

This video was a great find. Thank you for putting this info together.

[@Bancardsales]

Thanks for the comment and for watching! -Brian

[@lilychu8912]

Great video! I feel like the banking business intentionally hides this information so the average Joe or Jane has little chance to understand the players, the fees involved, and what solutions might work best for them.

[@frijolechingon5713]

Yup, many need to realize, an honest bank has some kind of angle, and, even if a small percentage of people find out in time, and you then alert the masses, many will blow it off as part of banking, and they count on that...

[@parktaejoon1777]

@@frijolechingon5713 Thats why we are asking questions now, as the percentage is way off! Instead of taking 2.3% Its almost 30% coming out! I wonder if anyone else is just going with it or are catching this like we have😮

[@Fernandomullerx]

Outstanding video... Clarifying. Thank you!

[@Bancardsales]

Thank you and thanks for watching !

[@kingathepalace6270]

thank you very much sir u open alot of answers to my questions

[@scienceshow4311]

Can you please guide us about clover merchant? How to setup?

[@Bancardsales]

Sure can. Schedule with us here: Www.bancardsales.com/call/Brian

[@basiccodingwithadam8125]

6:47 stripe has great customer service.

[@edwardhacklbain1827]

But they do not operate in many countries unlike PayPal. So it is not a viable alternative.

[@cory_eff]

Great video as always Brian 💥💥

[@Bancardsales]

Thanks Cory! Great to hear from you! Hope you're well. -Brian

[@cory_eff]

@@Bancardsales definitely! I’m using this to inform my local skatepark on the differences between one model vs. the other. You have the best payments vids on KZbin so I knew I’d find something like this on your page! Good work as always,

[@Bancardsales]

Thanks man. Much appreciated! I'm glad they're helpful! 👍

[@MD-nt9nv]

Great material and very informative. Thank you!

[@Bancardsales]

Thank you and thanks for watching!

[@jefferz4148]

Thank you so much for this breakdown.

[@cavallopazzo340]

Which one works for non-US residents running a US LLC?

[@empireprotege]

Stripe is best. They even have Stripe Atlas where they set up a US LLC for anyone from any country.

[@cavallopazzo340]

@@empireprotege Yeah but Stripe is quite expensive. Not so ideal if you do high volume. There are options out there where you pay around 1.5% -2% per transaction. And the issue with Stripe is also that they can shut you down any moment. Whereas with a proper merchant account this risk is much smaller.

[@empireprotege]

@@cavallopazzo340 I don't mind Stripe's fee as all of my clients/customers trust it. You should seriously test out your purchase conversion rate to Paypal, Stripe, and a 3rd party. Paypal converts best because of trust. But Paypal is more expensive than Stripe in many aspects. I love stripe and have had no issues, and it also connects well into my Business Bank, Websites, Chatbots, Slack, etc. etc.

[@cavallopazzo340]

@@empireprotege I agree PayPal converts well, also because they don't need to type their address details but regarding Stripe and the trust factor I honestly don't see how this should make a difference, at least in my case. The customer doesn't really notice what payment gateway is linked on the backend when he enters his credit card details at checkout. At least with Shopify. Maybe you're using a different platform in this case or your clients pay by invoice?

[@empireprotege]

@@cavallopazzo340 yeah invoices. And big payments over 2000+.

[@greatcityspuppets5982]

Awesome video! Thanks, I know now what to choose!

[@overlord4811]

i would like to creat a shopify store and try 1 product if its not a winner i change it in the same store but i am worried of the payments method from what i saw many shopify members have problem with paypal cuz they held the money or frozen the acc so what do you reccomend for me herr wesche germany

[@jdkorave]

Thank you so much. Doing research to setup my e-commerce business and You have taught me so much. Well presented. Blessings

[@zaylodidthis7664]

What happens if u purchase sum with a linked PayPal card with out money on it but it says order placed with merchant on it

[@GuitarreroDaniel]

Incredible information man, this is the only video that I could fully understand.

[@lanceramsdell4921]

Hi Brian, we own a small antique mall with around 30 antique dealers. We currently do all of our invoicing on paper receipts and process over $5,000 in credit cards a month with a traditional merchant account. We have been looking at square register, because we we want to try to eliminate all the paperwork involved with reimbursing the dealers each month for their sales. Do you have any recommendations for a POS system that can tabulate the amount for the checks that we write to our dealers for their sales each month? Thank you! Lance

[@Bancardsales]

Thanks for watching and yes I can help you. If you want to talk, schedule a call with me. Www.bancardsales.com/call

[@kerrigantaylor3187]

I hope that you did not get a square account they take your money and hold it hostage for no reason I have thousands that I cannot get to and I cannot even talk to a sale representative because they don't answer the phone

[@paulnicholson8524]

That was cool. Keep up the good work.

[@briennaishkuntana9165]

Im waiting for my business license. What do you recommend I start with for payment? Most of my clients will be doing cc payment. For a starter spa! Thank you!

[@Bancardsales]

Where is your business geographically located ? The U.S.?

[@naturallyfitbyj]

Omg this was sooooo helpful. I took my notes and know what’s best just starting my business. Thank you so much

[@Bancardsales]

Glad you enjoyed it! Thanks for watching and let me know if there's anything you'd like to learn about or have an idea for a video. Place your suggestion here: www.bancardsales.com/ask/

[@MarcoTatta]

Thanks a lot, great explanation! I am setting up a new digital business similar to Uber, in which users pay a service (so an income transaction) and I must send two payments to two different service providers (while retaining my fee). Do I have to pay the fee of 2,X% each transaction, even for the outcome transactions?

[@JoeGlines-Automator]

Great video! Thanks for putting it together!

[@Bancardsales]

You are welcome and thanks for watching !

[@gbrietzke]

Ur sound effects are epic my dude

[@Bancardsales]

Haha :) thanks! Glad you enjoy them!

[@druhireland]

Thank-you for a very thorough overview.

[@Bancardsales]

Thank you and thanks for watching! Glad you liked it ~Brian.

[@paradisecostarica4986]

thanks a lot man!! Thanks!!

[@Bancardsales]

That is for watching !

[@silverbison88]

I have a food truck we do less then $5000 a month. I have a merchant account with PNC and Clover. But the fee were so high. I Square the best out of the aggregator accounts?

[@Bancardsales]

Stephen, Square is a good choice for food truck businesses and mobile companies. Which version of Clover are you using? Depending on the needs of your business (i.e. how much do you need your POS to do) you can get by with a merchant account system for about $23/month and the mobile card reader is $99 to purchase. It will give you full mobile functionality with your mobile phone. Let me know if you'd like to chat. You can schedule with me here and we can talk through the variables and how it works: www.bancardsales.com/call/brian

[@Itsrealtv313]

Great video, very informative. Need help with my situation. So I'm opening up a vintage sneaker store in 2 months where we'll sell & restore sneakers as well as sell sneaker accessories. In the meantime, I have created my website thru Wix to sell Merch on(clothing items mostly). I'd like to accept PayPal as well as standard credit card payments. Not so good personal credit and this is my first e-commerce business. So my question, what's the best route for me in the short term? I'm sure I'll apply for a merchant account once sales ramp up and I have a stronger history. Hope you can answer this one, Thanks Brian!

[@frijolechingon5713]

Good for the ones who care, sadly many people have way too much trust in banks, and they will take advantage of it...

[@RumakInaph]

What about authorize.net?

[@Bancardsales]

What about it? What is your question ?

[@Tawny593]

Authorize.net is a gateway that connects you to a processor. They charge $30 a month. You must also get a payment processor.

[@MrNitPic]

This was Amazing information! Thank you!!

[@Bancardsales]

Thank you and thanks for watching. !

[@aardvark9119]

Thank you.

[@Bancardsales]

Thank you for watching!

[@ixamedia6572]

Very informative, very well presented, got a lot out of it. Thank you

[@Bancardsales]

Glad it was helpful!

[@LadyVonBarber]

Hey, thanks for this video! Helps a lot. You said that PayPal gets you money within a few mins. I set one up and I have money pending and since I'm new to PayPal they said it can take up to 21 days till the transfer will complete for me to get the money.

[@Bancardsales]

Thanks for watching and glad it helped. PayPal is notorious for holding on to money before releasing it to you. If you want your money quicker sign up for a merchant account (next day funding paid directly to your bank account) PayPal is easy and quick to set up, but as you can see there are drawbacks. If you want to sign up for a merchant account I can help you set it up. Go here: www.getcardpointe.com/apply

[@Bancardsales]

And to clarify, PayPal credits you PayPal account almost instantly but that does not mean that the money is in you bank account and available to spend. - Brian

[@chrisconner2981]

Do you know of a tutorial on how to bypass Service Titan payment processing?

[@Bancardsales]

Great question Chris. I have worked worked with Service Titan customers before. What it comes down to is: 1) use service titan and get the integrated benefits (i.e. reporting ect...) 2) use an independent card processor of your choice without the integrated benefits. If you want to talk schedule with me here: Www.bancardsales.com/call/Brian

[@jeffclemons2192]

Hello, I would like to know what are your recommendations for payment options for Dropshipping companies?

[@Bancardsales]

Jeff, I'd be happy to help. I'm going to suggest you submit a question. The reason is that I need more information about your company to give you an answer of any value. Here's the link: Https://www.bancardsales.com/ask

[@clodydupuis6924]

Amazing and super informative ! Thank you so much !

[@Bancardsales]

Thank you and thanks for watching !

[@babikhoja1331]

thanks for the video and info good delivered, a friendly advice the video is too long especially the introduction.

[@Bancardsales]

Thank you for watching and glad you enjoyed it!

[@MalenasBazaArte]

The video is perfectamente well done!!!

[@MuhammadRafi-hq6pl]

Excellent topic and best presentation. Really informative and useful information. Thanks a lot.

[@williamjamesrapp7356]

QUESTION --- first off , thank you for your time and General information. I currently Have TERRIBLE credit so I am relegated to start my website with once of the 3 basic accounts. I have a PAYPAL account but I have not yet actually launched my site so I might lean towards setting up a STRIPE account for my site. If things go as planned -- once I launch my site -- I will have to convert to a MERCHANT account ASAP ***QUESTION*** I have an EIN but I do not have a business bank account -- do to no revenue and poor credit at this time BUT DO I HAVE TO HAVE ONE with STRIPE -- just to get started ??? ALSO If things go as planned I will be bringing in a lot of money , possibly very quickly, I see your points but at this time I really have no other choice with NO INCOME and the worst credit possible. ***DO YOU HAVE ANY RECOMMENDATIONS*** for who would be a reliable Merchant Account to connect with ? ONCE I GET GOING I will need to Switch over and I want to be prepared for that moment in time.

[@traceplace]

Hi Brian! Please help! I currently use Card Connect for my standard merchant services to run credit cards for my existing business. I have since created a new product that I will bring to market, BUT not knowing how it will sell, or if its worth it to start a new company, I was planning to just add the product under my existing company to see how the first batch sold. It will be sold on my new website with my new shoe name ...It is a fashion sneaker for women. The name of the shoe is different than my existing company under Card Connect but that's OK as I can still sell it through my existing co for the first batch right? Then depending how my sales are I would start a new company under the shoe name.. Will this effect my e-commerce options and or merchant account situation when I set up a new co under the same address and my same personal name? For the time being then would it be best to go with Square or Stripe? My shoe is high end and will sell for $289.00 per pair. Your advice is greatly welcome! Thank you so much:)

[@Bancardsales]

Hey Tracy, Thanks for watching. If you're new shoe/product is under the umbrella of your company, then you're likely okay to sell it through your existing merchant account. I say "likely" because I don't know your business and you entire product line. Assuming that it's in line with your other products, then it's more a question of how you want to separate and track your sales (a function of your CRM or Sales software) rather than a merchant account function. If you'd like to discuss further, feel free to schedule a call with me here: www.bancardsales.com/call/brian

[@ahsanm8748]

Hey Brian! The video was indeed very informative. Do you happen to have a solution for a business that's located outside the US to signup for an offshore merchant account or something? Our business sells practice material/exam simulator to prospects out in the US but we're based in Pakistan. Any help/guidance would be highly appreciated. BR, Ahsan

[@theresasosandro]

7GVF DFG4 RREWWD

[@LATOHOUSTON]

Difference is if you’re doing less than 2k monthly-go with square or paypal. If doing more, it’s almost always beneficial to get out your comfort zone and save money while getting better customer service.

[@AnonymOus-dp3jj]

Avoid stripe at all cost they shut you down fast if your a new tech firm like lyft or uber but they say your high risk when they even service lyft and uber..

[@PesTusMuas]

You should've read the fine print on Lyft and Uber on how they process and pay.

[@dankierson]

With aggregators, you have just a value % charge and a fixed transaction fee charge. But with merchant account providers, you have not only value and transaction charges but a whole host of other charges, some known and fixed but others unknown and variable. I'd like to get a full breakdown of merchant account charges. Ideally, it would be great if an actual merchant account bill could be recalculated as an aggregator bill.

[@Bancardsales]

Dan, Interesting question you have. In your ideal solution, if an actual merchant account bill could be recalculated as an aggregator bill, wouldn't it just BE an aggregator at that point? :) I realize there's other variables that I've talked about in other videos like onboarding, risk, technology, terminals, etc... but fi the pricing for a merchant account is billed like an aggregator, it is just referred to as a single flat rate pricing structure. They exist and they're out there. Let me know if you want to talk about it sometime. Feel free to reach out here: www.bancardsales.com/call/brian

[@jevonmcpherson8054]

These comments are correct, Avoid PayPal.

[@kev-othegamer]

Thank you, very helpful.

[@Bancardsales]

Thank you and thanks for watching !

[@jaxkk1119]

i can't transfer my money from paypal to debit card, for no reason damn

[@xCARPx2014]

Can you still use it? To buy stuff online

[@skarthick6]

We are a PoS Solutions Provider and are currently in the process of launching our product for a specific market segment in the US. As part of this, we are exploring payment solutions that we can integrate with our PoS Solution. Specifically, from the PoS Terminal, we would like to integrate with a payment device, to which the sale value can be pushed. The sale value will then appear on the payment device for the customer to make the payment. Once the payment is made, successful message along with a payment reference should come back into our software for us to print the receipt. Any recommendations on which solutions will be suitable?

[@Bancardsales]

Karthick, I have 2 options for you. Depending on your sales process and client onboarding process there's 2 solutions that I would recommend. Let's talk when you have time. Schedule a time with me personally here: www.bancardsales.com/call/brian Just reference this video/comment in the notes section and I'll look forward to talking with you.

[@BitsandTokens]

ughh anything but first data

[@Bancardsales]

There's lots of other options. If you had a bad experience and are looking to make a change to something better, comment back and well talk. - Brian

[@russjones3656]

I would like something for a youth sports program. The problem is that it is only 2 months out of the year. I would like to accept online payment for registration in February (@$4,500 in 2 weeks), then there is a gap until the games start mid April and end mid June. During the games I would like to accept payments for the concession stand ($200-500 per night). Additionally, we may host a tournament in May where the concession stand would bring in $1500/day for 3 days. There is also talks of another tournament in August. What would be a good option to use in this scenario?

[@russjones3656]

Forgot to mention we are a 501(c)(3) non-profit organization

[@Bancardsales]

Russ, thanks for watching. This might come down to a hard numbers comparison. It'll be a comparison between your software functionality requirements and the cost of merchant account vs. Aggregator option. Feel free to schedule with me here and we'll go through everything. Www.bancardsales.com/call/Brian

[@Bancardsales]

Not a problem!