As two of the leading merchant account providers in the ecommerce industry, FreeAuthNet and Yahoo compete for your business with low rates, useful features, and excellent support. With everything that these companies have to offer, it can be difficult to know which one to choose. FreeAuthNet is rapidly growing in popularity, while Yahoo is a trusted name with a solid reputation.
FreeAuthNet offers a free payment gateway through authorization.net. They provide fast set up, low statement fees, a 2.04% discount rate and a .24 cent per transaction rate, with no set up fee. Plus, it can be easily integrated with over 100 certified shopping cart programs. However, FreeAuthNet is mostly geared for credit card precessing. On the other hand, Yahoo merchant services is equipped to accept credit cards, debit cards, PayPal payments, as well as checks, CODs, and money orders. Yahoo merchant plans start at $39.95 per month, with a $50 set up fee. However, there is no per transaction charge and the transaction fees range from only .75%-1.5%.
FreeAuthNet provides access to online documentations and user guides. Plus, they provide 24 hour customer support. On the other hand, Yahoo also provides 24 hour customer support and offers availability to other ecommerce services, all in the same location. Both companies lead the industry in security features and have built reputations for their reliable and stable services. Choosing a merchant account provider should be based on the individual needs of your business.
Wednesday, February 3, 2010
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