Credit Card Processors and Gateways

I am using Nexudus and will be collecting all membership fees via online processing. I understand I need a gateway and a credit card processor. My bank wants to do it all :slight_smile: Of course they do. They say they match all prices and my deposits will be available in 24 hours. Is this standard or an extra benefit?

My bank would prefer to use Authorize.net as the gateway. Can I do better? Nexudus integrates with most processors.

How do you handle your processing?

I would like to figure this out upfront instead of having to correct it later.

Thanks for your response!

Brian Burgett

Queen City Coworking

We’re pretty happy with the Stripe integrate but interested in what others are doing.

···

On Tue, Aug 21, 2018 at 11:24 AM, [email protected] wrote:

I am using Nexudus and will be collecting all membership fees via online processing. I understand I need a gateway and a credit card processor. My bank wants to do it all :slight_smile: Of course they do. They say they match all prices and my deposits will be available in 24 hours. Is this standard or an extra benefit?

My bank would prefer to use Authorize.net as the gateway. Can I do better? Nexudus integrates with most processors.

How do you handle your processing?

I would like to figure this out upfront instead of having to correct it later.

Thanks for your response!

Brian Burgett

Queen City Coworking

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Brad Attig
CEO at Foundry Collective
Phone 541.812.1911
Email [email protected]
Website www.corvallisfoundry.com



Learn about the Foundry Startup Resource Fair Sept 13th 4 - 7 PM Corvallis Odd Fellows

I was very excited when I found Helcim. Weird name but I really like how they operate. They don’t have a pushy sales team and do have really great APIs for integration. Good rates too. https://www.helcim.com

···

Jacob


Office Nomads - Individuality without Isolation
http://www.officenomads.com - (206) 323-6500


Brad Attig
CEO at Foundry Collective
Phone 541.812.1911
Email [email protected]
Website www.corvallisfoundry.com



Learn about the Foundry Startup Resource Fair Sept 13th 4 - 7 PM Corvallis Odd Fellows

On Tue, Aug 21, 2018 at 11:24 AM, [email protected] wrote:

I am using Nexudus and will be collecting all membership fees via online processing. I understand I need a gateway and a credit card processor. My bank wants to do it all :slight_smile: Of course they do. They say they match all prices and my deposits will be available in 24 hours. Is this standard or an extra benefit?

My bank would prefer to use Authorize.net as the gateway. Can I do better? Nexudus integrates with most processors.

How do you handle your processing?

I would like to figure this out upfront instead of having to correct it later.

Thanks for your response!

Brian Burgett

Queen City Coworking

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Hi Brian,

I recommend staying away from Authorize. You could be be stuck with them, and if you decide to move to another gateway they may ask you to pay in excess of $500 to migrate your existing customers to another gateway. This was out experience in the past, 8 years ago.

Sincerely,
**Hasan Mirjan
** Founder and CEO
SphereMail.co

*+1 888-818-6477

···

On Tue, Aug 21, 2018 at 11:24 AM, [email protected] wrote:

I am using Nexudus and will be collecting all membership fees via online processing. I understand I need a gateway and a credit card processor. My bank wants to do it all :slight_smile: Of course they do. They say they match all prices and my deposits will be available in 24 hours. Is this standard or an extra benefit?

My bank would prefer to use Authorize.net as the gateway. Can I do better? Nexudus integrates with most processors.

How do you handle your processing?

I would like to figure this out upfront instead of having to correct it later.

Thanks for your response!

Brian Burgett

Queen City Coworking

You received this message because you are subscribed to the Google Groups “Coworking” group.

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But if you’re using a platform that uses Authorize, shouldn’t those customer info be within the platform? Or are you talking about having to re input cards on file?

Jerome

···

www.BLANKSPACES.com

On Aug 21, 2018, at 2:53 PM, Sphere mail [email protected] wrote:

Hi Brian,

I recommend staying away from Authorize. You could be be stuck with them, and if you decide to move to another gateway they may ask you to pay in excess of $500 to migrate your existing customers to another gateway. This was out experience in the past, 8 years ago.

Sincerely,
**Hasan Mirjan
** Founder and CEO
SphereMail.co

*+1 888-818-6477
*

On Tue, Aug 21, 2018 at 11:24 AM, [email protected] wrote:

I am using Nexudus and will be collecting all membership fees via online processing. I understand I need a gateway and a credit card processor. My bank wants to do it all :slight_smile: Of course they do. They say they match all prices and my deposits will be available in 24 hours. Is this standard or an extra benefit?

My bank would prefer to use Authorize.net as the gateway. Can I do better? Nexudus integrates with most processors.

How do you handle your processing?

I would like to figure this out upfront instead of having to correct it later.

Thanks for your response!

Brian Burgett

Queen City Coworking

You received this message because you are subscribed to the Google Groups “Coworking” group.

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Yes you have to re-input their CC info into the new system. if you ask Authorize to send those existing subscribers to another gateway you’d have to pay. However, Stripe gives this flexibility should you decide to leave them and help you with the process.

I would be careful with handling user CCs as it may trigger PCI non compliance.

Sincerely,
Hasan MirjanFounder and CEO
SphereMail.co

+1 888-818-6477

···

On Tue, Aug 21, 2018 at 2:59 PM, Jerome Chang [email protected] wrote:

But if you’re using a platform that uses Authorize, shouldn’t those customer info be within the platform? Or are you talking about having to re input cards on file?

Jerome

www.BLANKSPACES.com

On Aug 21, 2018, at 2:53 PM, Sphere mail [email protected] wrote:

Hi Brian,

I recommend staying away from Authorize. You could be be stuck with them, and if you decide to move to another gateway they may ask you to pay in excess of $500 to migrate your existing customers to another gateway. This was out experience in the past, 8 years ago.

Sincerely,
**Hasan Mirjan
** Founder and CEO
SphereMail.co

*+1 888-818-6477
*

You received this message because you are subscribed to the Google Groups “Coworking” group.

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On Tue, Aug 21, 2018 at 11:24 AM, [email protected] wrote:

I am using Nexudus and will be collecting all membership fees via online processing. I understand I need a gateway and a credit card processor. My bank wants to do it all :slight_smile: Of course they do. They say they match all prices and my deposits will be available in 24 hours. Is this standard or an extra benefit?

My bank would prefer to use Authorize.net as the gateway. Can I do better? Nexudus integrates with most processors.

How do you handle your processing?

I would like to figure this out upfront instead of having to correct it later.

Thanks for your response!

Brian Burgett

Queen City Coworking

You received this message because you are subscribed to the Google Groups “Coworking” group.

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Hi Brian,

Regarding the comment from Hasan. Nexudus uses an intermediate credit card vault service so the card details are never stored in the gateway directly. This makes migrating to any of the supported gateways very easy and means you won’t be stuck with Authorize.net or have to ask for credit card details again to members if you decide to change gateway or find a better rate down the line.

···

On Tuesday, August 21, 2018 at 11:20:46 PM UTC+1, Sphere mail wrote:

Yes you have to re-input their CC info into the new system. if you ask Authorize to send those existing subscribers to another gateway you’d have to pay. However, Stripe gives this flexibility should you decide to leave them and help you with the process.

I would be careful with handling user CCs as it may trigger PCI non compliance.

Sincerely,
Hasan MirjanFounder and CEO
SphereMail.co

+1 888-818-6477

On Tue, Aug 21, 2018 at 2:59 PM, Jerome Chang [email protected] wrote:

But if you’re using a platform that uses Authorize, shouldn’t those customer info be within the platform? Or are you talking about having to re input cards on file?

Jerome

www.BLANKSPACES.com

On Aug 21, 2018, at 2:53 PM, Sphere mail [email protected] wrote:

Hi Brian,

I recommend staying away from Authorize. You could be be stuck with them, and if you decide to move to another gateway they may ask you to pay in excess of $500 to migrate your existing customers to another gateway. This was out experience in the past, 8 years ago.

Sincerely,
**Hasan Mirjan
** Founder and CEO
SphereMail.co

*+1 888-818-6477
*

On Tue, Aug 21, 2018 at 11:24 AM, [email protected] wrote:

I am using Nexudus and will be collecting all membership fees via online processing. I understand I need a gateway and a credit card processor. My bank wants to do it all :slight_smile: Of course they do. They say they match all prices and my deposits will be available in 24 hours. Is this standard or an extra benefit?

My bank would prefer to use Authorize.net as the gateway. Can I do better? Nexudus integrates with most processors.

How do you handle your processing?

I would like to figure this out upfront instead of having to correct it later.

Thanks for your response!

Brian Burgett

Queen City Coworking

You received this message because you are subscribed to the Google Groups “Coworking” group.

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Authorize Net is a great company to use. Check out going through Heartland..will save you fees. :slight_smile:

I have deployed dozens of Gateways and Hands down Stripe is by the best. Stick with Stripe!

···

On Wed, Aug 22, 2018 at 10:25 AM, Jana Greer [email protected] wrote:

Authorize Net is a great company to use. Check out going through Heartland…will save you fees. :slight_smile:

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Richard Stuart
Ten Below Coworking
p:
(218) 464-9724
w:
10belowcoworking.org e: [email protected]

Definitely Adrian! Nexudus

is a great option to use to manage your space based on the technology they use.
We have developed similar technology with regards to managing Post Mail for Physical and Virtual members with open API integration.

See you guys in Amsterdam at the Coworking Europe in November!

···

On Wed, Aug 22, 2018 at 4:05 AM, Adrian Palacios [email protected] wrote:

Hi Brian,

Regarding the comment from Hasan. Nexudus uses an intermediate credit card vault service so the card details are never stored in the gateway directly. This makes migrating to any of the supported gateways very easy and means you won’t be stuck with Authorize.net or have to ask for credit card details again to members if you decide to change gateway or find a better rate down the line.

On Tuesday, August 21, 2018 at 11:20:46 PM UTC+1, Sphere mail wrote:

Yes you have to re-input their CC info into the new system. if you ask Authorize to send those existing subscribers to another gateway you’d have to pay. However, Stripe gives this flexibility should you decide to leave them and help you with the process.

I would be careful with handling user CCs as it may trigger PCI non compliance.

Sincerely,
Hasan MirjanFounder and CEO
SphereMail.co

+1 888-818-6477

On Tue, Aug 21, 2018 at 2:59 PM, Jerome Chang [email protected] wrote:

But if you’re using a platform that uses Authorize, shouldn’t those customer info be within the platform? Or are you talking about having to re input cards on file?

Jerome

www.BLANKSPACES.com

On Aug 21, 2018, at 2:53 PM, Sphere mail [email protected] wrote:

Hi Brian,

I recommend staying away from Authorize. You could be be stuck with them, and if you decide to move to another gateway they may ask you to pay in excess of $500 to migrate your existing customers to another gateway. This was out experience in the past, 8 years ago.

Sincerely,
**Hasan Mirjan
** Founder and CEO
SphereMail.co

*+1 888-818-6477
*

On Tue, Aug 21, 2018 at 11:24 AM, [email protected] wrote:

I am using Nexudus and will be collecting all membership fees via online processing. I understand I need a gateway and a credit card processor. My bank wants to do it all :slight_smile: Of course they do. They say they match all prices and my deposits will be available in 24 hours. Is this standard or an extra benefit?

My bank would prefer to use Authorize.net as the gateway. Can I do better? Nexudus integrates with most processors.

How do you handle your processing?

I would like to figure this out upfront instead of having to correct it later.

Thanks for your response!

Brian Burgett

Queen City Coworking

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I took the easy way out and went with Stripe. I was set up in 15 minutes. Pricing is fair with no setup or monthly fees, just 2.9% of the transaction and $.30 per transaction. There are no contracts to worry about. When we expand to more locations it may be beneficial to go with a processor that charges based on what card is being used (Certain cards have lower rates). You will then have monthly fees also, so you need to be doing volume to beat Stripe.

Now I have a question for the Stripe users…

Do you accept ACH (bank account) payments?

The rate is only .8% per transaction (that’s cheap).

But, it looks like the integration is difficult. Plaid is used in conjunction with Stripe. The documentation Stripe sent me states vendors must verify member accounts.

Is all of this done within the Stripe integration, or is there more to it?

Thanks in advance!

···

On Wed, Aug 22, 2018 at 11:17 PM, Brian Burgett [email protected] wrote:

Thank you Jacob!
They seem to have an overlap with Nexudus on some features. I will check if they integrate just as a gateway and processor.

Brian Burgett

513-609-4777

www.QueenCityCoworking.com

On Tue, Aug 21, 2018 at 4:11 PM, Jacob Sayles [email protected] wrote:

I was very excited when I found Helcim. Weird name but I really like how they operate. They don’t have a pushy sales team and do have really great APIs for integration. Good rates too. https://www.helcim.com

Jacob


Office Nomads - Individuality without Isolation
http://www.officenomads.com - (206) 323-6500

On Tue, Aug 21, 2018 at 11:59 AM Brad Attig [email protected] wrote:

We’re pretty happy with the Stripe integrate but interested in what others are doing.

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Brad Attig
CEO at Foundry Collective
Phone 541.812.1911
Email [email protected]
Website www.corvallisfoundry.com



Learn about the Foundry Startup Resource Fair Sept 13th 4 - 7 PM Corvallis Odd Fellows

On Tue, Aug 21, 2018 at 11:24 AM, [email protected] wrote:

I am using Nexudus and will be collecting all membership fees via online processing. I understand I need a gateway and a credit card processor. My bank wants to do it all :slight_smile: Of course they do. They say they match all prices and my deposits will be available in 24 hours. Is this standard or an extra benefit?

My bank would prefer to use Authorize.net as the gateway. Can I do better? Nexudus integrates with most processors.

How do you handle your processing?

I would like to figure this out upfront instead of having to correct it later.

Thanks for your response!

Brian Burgett

Queen City Coworking

You received this message because you are subscribed to the Google Groups “Coworking” group.

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ACH can take 5-7 business days, according to a few processors I’ve asked, but for the record, I didn’t really hunt for the best one. We’ve been testing out FreshBooks for ACH and despite their claim that it would take 5 biz days, we often get deposits within 1-2 biz days.

Has anyone tried QuickBooks’ ACH feature? They also say 5-7 business days or something, but that for us is not compelling.

JEROME CHANG
talk to us: (323) 330-9505

chat w/ us: http://www.BLANKSPACES.com/chat

WEST: Santa Monica | 1450 2nd St (@Broadway)

(@Main St)

**CENTRAL: Culver City | 9415 Culver Blvd ******

(@Pershing Sq)

EAST: DTLA | 529 S. Broadway, Ste 400 ****

···

On Aug 30, 2018, at 7:30 PM, Brian Burgett [email protected] wrote:

I took the easy way out and went with Stripe. I was set up in 15 minutes. Pricing is fair with no setup or monthly fees, just 2.9% of the transaction and $.30 per transaction. There are no contracts to worry about. When we expand to more locations it may be beneficial to go with a processor that charges based on what card is being used (Certain cards have lower rates). You will then have monthly fees also, so you need to be doing volume to beat Stripe.

Now I have a question for the Stripe users…

Do you accept ACH (bank account) payments?

The rate is only .8% per transaction (that’s cheap).

But, it looks like the integration is difficult. Plaid is used in conjunction with Stripe. The documentation Stripe sent me states vendors must verify member accounts.

Is all of this done within the Stripe integration, or is there more to it?

Thanks in advance!

Brian Burgett

513-609-4777

www.QueenCityCoworking.com

On Wed, Aug 22, 2018 at 11:17 PM, Brian Burgett [email protected] wrote:

Thank you Jacob!
They seem to have an overlap with Nexudus on some features. I will check if they integrate just as a gateway and processor.

On Tue, Aug 21, 2018 at 4:11 PM, Jacob Sayles [email protected] wrote:

I was very excited when I found Helcim. Weird name but I really like how they operate. They don’t have a pushy sales team and do have really great APIs for integration. Good rates too. https://www.helcim.com

Jacob


Office Nomads - Individuality without Isolation
http://www.officenomads.com - (206) 323-6500

On Tue, Aug 21, 2018 at 11:59 AM Brad Attig [email protected] wrote:

We’re pretty happy with the Stripe integrate but interested in what others are doing.


Brad Attig
CEO at Foundry Collective
Phone 541.812.1911
Email [email protected]
Website www.corvallisfoundry.com



Learn about the Foundry Startup Resource Fair Sept 13th 4 - 7 PM Corvallis Odd Fellows

On Tue, Aug 21, 2018 at 11:24 AM, [email protected] wrote:

I am using Nexudus and will be collecting all membership fees via online processing. I understand I need a gateway and a credit card processor. My bank wants to do it all :slight_smile: Of course they do. They say they match all prices and my deposits will be available in 24 hours. Is this standard or an extra benefit?

My bank would prefer to use Authorize.net as the gateway. Can I do better? Nexudus integrates with most processors.

How do you handle your processing?

I would like to figure this out upfront instead of having to correct it later.

Thanks for your response!

Brian Burgett

Queen City Coworking

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I offer ACH via QuickBooks for some of the direct invoicing I do (most payments are automatic through Stripe). It’s slow as hell. I hate that, but for larger payments it beats the fees, and it’s easier than getting printed checks.

I tried Stripe ACH once, but I can’t seem to get the money and don’t have the time to figure it out!

scott.


SCOTT TILLITT

PR yogi + social entrepreneur + community catalyst + meditator

// Facebook / Twitter / LinkedIn

// 917.449.6356

BEAHIVE // spaces for work + community + possibilities

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···

On Sep 2, 2018, at 4:11 AM, [email protected] wrote:

Jerome Chang [email protected]: Sep 01 10:08AM -0700

ACH can take 5-7 business days, according to a few processors I’ve asked, but for the record, I didn’t really hunt for the best one. We’ve been testing out FreshBooks for ACH and despite their claim that it would take 5 biz days, we often get deposits within 1-2 biz days.

Has anyone tried QuickBooks’ ACH feature? They also say 5-7 business days or something, but that for us is not compelling.

JEROME CHANG
talk to us: (323) 330-9505
chat w/ us: http://www.BLANKSPACES.com/chat

WEST: Santa Monica | 1450 2nd St (@Broadway)
CENTRAL: Culver City | 9415 Culver Blvd (@Main St)
EAST: DTLA | 529 S. Broadway, Ste 400 (@Pershing Sq)
NORTH: Pasadena | 680 E. Colorado, Ste 180 (b/w Lake and Los Robles)
SOUTH: Long Beach | 309 Pine Ave (@Broadway) - opening 2018