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payment gateway configuration in magento
 
patidar_mact
Jr. Member
 
Total Posts:  2
Joined:  2009-04-07
 

Hi Buddies,
There are many third party service providers for payment gateway service. But they are charging heavy fee (per transaction), which becomes pain if the margin is too low (<10%).  I am planning to use magento for my online shopping and my margin will be very competitive. I can not afford 3-7% transaction charge for third party payment gateway. Anybody can suggest me, how can we make our own payment gateway to accept money with credit cards and internet banking?

 
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bstdevelopment
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Total Posts:  48
Joined:  2008-04-14
 

you can talk directly with a bank but I am not sure you can negotiate a fee smaller than 3%, depending on your country and the volume of your orders.

 
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rschnikee
Jr. Member
 
Total Posts:  10
Joined:  2009-03-23
 

Check out PayPal PayFlow Pro Service. They offer both the gateway and merchant accounts. Their fees are competitive but if you use them them for both the gateway and MA you can save a lot over using other third party processors.

The trick is to use them for both otherwise their fees are about the same as everyone else for just the gateway.

 
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