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Payment gateway options for freelance site

Posted on 2009-07-03
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Last Modified: 2014-10-23
Hello,

We are starting a freelance brokerage service that connects low-cost freelancers with buyers. This service sellers are paid very little so it is important that any work they do will be guaranteed (at least as much as possible).

We need a service that verifies credit cards from as many countries as possible as our buyers are mostly international.

***The card needs to be pre-authorized to accept a charge for any hours accrued from the service sellers***

Start up cost is a point of interest but not a deal breaker.
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Question by:dothedewyoutwo
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by:coreybryant
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Are you going to be using one merchant account, or will each of your clients use their own merchant account?  If one - you need to be careful about factoring funds - you might be considered an Internet Payment Service Provider which you won't be able to get a merchant account.
If they are going to be using their own merchant account - look at Quantum / Authorize.net.  Take a look at Paypals and Protx.    Then you can easily have the merchant enter the correct information.
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by:dothedewyoutwo
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I will be using one account to accept all payments. PayPal does not offering the features I listed.
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coreybryant earned 500 total points
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The problem you run into is pre-authorization - this amount is set by the issuing bank and only for about three business days.   So if the work is not completed in a few days, that pre-auth (guarantee) is lost.   And factoring seems to be an issue as well.
If you are in the United States and not factoring, it should be easy for you to get a merchant account.  Credit cards can be accepted from most places in the world.
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by:dothedewyoutwo
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odesk.com does two charges totalling $10 USD and you enter the two amounts on their site to confirm the card. Then they bill you every Thursday - so there must be a way to store for longer than 3 days.
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by:coreybryant
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The Quantum Gateway has a free Verified by Visa and MasterCard SecureCode along with some other things that will help you with these transactions.  Plus for an extra $15.00 a month, they will help you with
PCI security, helps you with PCI DSS requirement 12.6
Customized Security Alerts
Vulnerability Scanning
Plus VBV / MSC can come in handy here.
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by:coreybryant
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They were popping up on my list and I was hoping maybe a bit more information might help the OP or someone else.  E-Commerce is pretty tough and Visa / MasterCard re-interpret the rules every April and sometimes October.  They might same the exact same thing, but it will mean something else.

For example, when I was consulting with Anthem and Cardservice International (CSI) - trying to help seep claim forms along, three to four attorney from always set in on the meetings.  

It is always changing and a lot of people are not understanding what a lot of this "new" technology is.  That "Apple Payment System", it has been there for about five years and having read some of the meetings, well I wished I could say more to warn people.  I saved all my docs because there has been a few lawsuits already over something that is not in play.

I apologize for trying to help people / add a little more in hopes they might come back or someone else might have questions on it
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by:coreybryant
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They might have - but 5 years is a long time in that world - e-commerce rates were 2.39%, now they are 1.90%
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