HI to All the people who take part in this forum. Thanks for you input as we new folks can only appreciate the suggestions and help we get from you all.
CS Cart multivendor is not as simple as it is mentioned to set up and has its own quirks. We have bought it and want to see how far we can go to go live with this.
Would any of you share
A: What is the best payment gateway
B: What fees are they charging?
This I ask not just to demo my cheapness but to find a solution so we can charge our sellers maximum low commission on products sold.
For example : when a $10 product is sold , Paypal and Stripe want to charge 2.9% +.30 per transaction
That is .29cents +.30 cents = .59cents so almost 6% (This is incoming) .
When we make a payout lets ignore the .30 since it will be done on a batch basis but the 2.9% applies.
So if we are charging vendors 9% on sales, we are spending 8.9% on paypal or stripe commission alone.
Am I making sense?
Hope my dilemma is see here...
Any suggestions or if any of you are getting a better deal , share how to? Will be appreciated.
Thanks