Payment Processing

Payment Processing

 

Over the years, I’ve compare a number of different shopping cart solutions… InfusionSoft, NanaCast, 1ShoppingCart, Clickbank, PayPal etc…

 

For anyone who has compared different shopping cart sloutions, one of he first things you realize is that there are pros and cons to EVERY solution. The key is to choose the one that best fits the needs of your specific business. Here’s a quick overview of the top shopping cart solutions online:

 

Clickbank– As noted above, Clickbank is actually a payment processor and shopping cart all built into one. The biggest benefit of Clickbank is simply ease of use. It’s a very plug-and-play solution that’s allows you to get up and running very quickly. However, Clickbank also has some down sides. They have a high processing fee (7.5% plus $1 on every sale) Also, with Clickbank you’re always going to have higher refund rate and commission hijacking. Which is a disservice not only to you but also to your affiliates.

 

Stripe – This payment getaway is making it easier than ever before to accept payments online. Beautiful payment forms. Flows seamlessly across desktop and mobile.  Also allows you to do recurring payments, trial offers, coupons, and unlimited subscription opinions.

 

Plus, their fees are some of the lowest in the industry. 2.9%+ 30 cents per transaction. That’s lower than having your own merchant account. You’d be surprised how those merchant fees add up.

 

GumRoad– If you’re looking to have your product for sale in record time, then I highly recommend GumRoad. This is for those who have ZERO technical hassle.

 

GumRoad does have slightly higher fees but they literally take care of the ENTIRE process. You simply upload your product to their servers, select a price, add a description, and hit the publish button. It’s that easy. If you want to be selling your product within the next 10 minutes, this is the one for you.

 

Keep in mind though that because of the ultra simplicity – you don’t have some of the additional features like direct integration with your autoresponder, upsells or an affiliate program. So it all comes down on the specific needs of your business and that particular product.