We need to choose a payment service provider for our next SaaS application (www.stratexapp.com).
After a while we came up with feedbacks from partners but still, it is hard to choose one solution. The main issue is to know which payment supplier solution has the smallest Total Cost of Ownership (TCO): time to implement, to support and get rid of the supplier.
Prices seems quite similar: a variable cost including some fixed costs.
BUT, as usual, life isn’t easy: some providers disclose a very small price but do not include the interchange costs collected by the banks (this payment doesn’t go to the bank but their suppliers).
You may be interested to check the exhaustive list of payments providers on http://www.about-payments.com
Here below you will find the suppliers we are considering.
Which payment method do you use in Europe?
Amazon Payments: https://payments.amazon.com/business/pricingPlan
Paypal, fees and rates: https://www.paypal.com/be/cgi-bin/?cmd=_fees-rate-about-outside
MasterCard, understanding the interchange (1,25% to 1,90%): http://www.mastercard.com/us/company/en/whatwedo/interchange.html
MasterCard Intra-EEA (28 EU Member States) Fallback POS Interchange Fees: http://www.mastercard.com/us/company/en/whatwedo/interchange/Intra-EEA.html
MasterCard, Interchange: Myths and Facts: http://www.mastercard.com/us/company/en/docs/Myths_and_Facts.pdf
VISA, Fees and interchange (from 0,50% to 1,50%): http://www.visaeurope.com/en/about_us/our_business/fees_and_interchange.aspx