PayPal V Stripe

We’ve been hearing more and more about Stripe, the new kid in town payment processor. But what about good old  PayPal? They have developed a trusted brand and have a long history of processing payments on the internet.

Let’s do a quick review of PayPal V Stripe. Let’s look at We’ll compare each payment processor in two key categories: Transaction Fees and Customer Service. This information is sure to be of value to folks of every industry: home builders, Pasadena MD tree services, limos, house cleaning Pasadena MD and the like. These companies are sometimes not in a position to pay large banking fees. We don’t intend to declare a winner, but to point out the differences and help you  make an informed decision.

Transaction Fees

The fee for PayPal is the same, 2.9% + 30¢. But, they offer discounts as volume goes up. The discounts start to kick in at $3,000 (2.5% + 30¢), $10,000 (2.2% + 30¢), and at $100,000 per month. This may look like a better deal on paper, but PayPal is sure to toss in some extra service fees that certainly complicates things.

Stripe is simple. They have a flat rate charge of 2.9% + 30¢ per charge for folks doing under $1 million in volume per year. This rate varies slightly country to country, but it’s stays flat. They won’t disclose special high volume rates or things of that nature.

Continue reading PayPal V Stripe

Easy Credit Card Machines

What are credit card machines?

cropped-ccmachines-1.pngCredit card machines are small, user friendly machines that landscape architects and other businesses use to process credit cards. Once a service provider is ready to be paid, the credit card or debit card is swiped through the machine. The credit card machine, already connected to a merchant account, verifies that the credit card has the funds available for that transaction, places a hold on the funds, and then transfers them to the bank account of the services you use: the limo St Paul or landscape designer Pasadena MD – they find uses for all financial related matters. There are numerous types of credit card machines available, including a manual credit card machine where the card information is typed in, rather than the card being swiped through and a credit card imprint machine (the credit card details are imprinted on special paper during the transaction process).

Continue reading Easy Credit Card Machines