| chriskemistry | 06-12-2017 08:28 PM |
My Authorized.net Experiences
Hello, here are my experiences with authorized.net ,its a pain in the butt trying to get it all set up, authorized.net is the back technically end of it, you have to have them and another merchant gateway/processor, to have your payments processed, no ones tells you this or talk to you about it, before you can start getting payments you have to go through underwriting for the banks to see if you will get approved or not, you have to filled out all of this paperwork , its like if your business is considered high risk, you barely have a chance of some one working with you unless you have your own separate site from eBay,
the only good thing about some of the different merchant processors is that you get your money within 2-3 days, which is nice no 21 day holds like PayPal
you have to make sure you have your volume limit/ticket size right the first time,
meaning for instance lets say your monthly volume on eBay is 5,000 a month, a single transaction 350, a good day transaction 850, make sure your numbers are correct it can be hard trying to get approved for more on a brand new account, if you ask for to much they might take your limit down, due to risk factor,
sells are defintely slower then PayPal , its all a game,
even though we all hate PayPal, to me there just the best, not like that but more people will go for PayPal any day
at the end of the day you want to be in the game so you just have to play by these wack rules its just what it is,
you can still make decent money selling on multiple accounts so don't freak out because your not doing the volume you want to do
the 21 day holds sucks, but in the mean time build more accounts take it slow build them
while your doing that, theres still other platforms you can sell on
mercari is good, 5 miles is good, offer up is good, don't just limit yourself to eBay
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