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Micro Payment. Best Micro Payment Processors - Apr 2014

RANK COMPANY NAME YEAR FOUNDED REVENUE FULL TIME EMPLOYEES ACTIVE CLIENTS CLIENT RETENTION RATE PRICING CLIENTS Overall Score Composite score based on criterias and quality of work observed.
0100
GVGE
Reliability Firm's overall reliability in providing micro transactions. Competitive Rates Firm's ability to provide rates competitive to others in the space. Efficiency Firm's ability to process payments quickly and accurately. Reporting Firm's ability to produce reports quickly and accurately. Variance Firm's ability to accept payments in a variety of sources. Change in Rank Indicates shift in rank from previous month's rank.
1st Award
Orbograph

Billerica, Maine Joseph Gregory 978-667-6037_ Visit Orbograph File A Complaint
Commend This Vendor
1995 Over $100 million 26 - 50 5,000+ 90% 98% SunTrust, ScanIQA, North Fork Bank
100%
100 100 100 100 100 NC More Info
2nd Award
PayPal

San Jose, California John Donahoe 408-967-1000_ Visit PayPal File A Complaint
Commend This Vendor
1999 Over $100 million Above 100 10,000+ 98% 98% rent.com, half.com, stubhub, shopping.com
99%
99 98 100 98 100 NC More Info
3rd Award
Allopass

Paris, France Cyril Zimmermann 844-448-2065_ Visit Allopass File A Complaint
Commend This Vendor
1996 $50 - $100 million 51 - 100 1,000+ 86% 98% Hi-media, Sonico.com
97.8%
96 99 98 100 96 NC More Info
4
123TICKET

Madrid, Spain Angel Fradejas +34-910077900_ Visit 123TICKET File A Complaint
Commend This Vendor
2002 $50 - $100 million 26 - 50 200+ 92% 98% Confidential
97%
96 98 97 98 96 NC More Info
5
Mazooma

Toronto, Canada Paul Phillipson 888-771-1551_ Visit Mazooma File A Complaint
Commend This Vendor
2007 $10 - $50 million 26 - 50 65 90% 98% Discover Network, DataCash Group, CardinalCommerce Corporation, Bigpoint, Playspan
95.8%
94 97 97 94 97 NC More Info

Evaluation Criteria for Micro Payment Solutions

Payment processing companies offer micropayment solutions to assist merchants in accepting large amounts of small transactions for services where smaller transactions are a bigger part of the business. These services are used primarily for virtual services and content providers who charge on a per-access basis to allow consumers to obtain near-instant access to articles, sections, or features by making a simple smaller charge rather than making a larger charge for access to everything. Our evaluation process has been created with the most important aspects of micropayment solutions identified to highlight the best service providers.

There are five key areas identified by topcreditcardprocessors.com as significant for providers of micropayment solutions:

The overall reliability of the vendor is analyzed based on how well they are able to process payments over time and the types of problems which a merchant may encounter, how fast they are to resolve those issues, and other various factors which could affect the payment processing service for micropayments.

Providing a variety of methods and payment options for microtransactions ensures that merchants will be able to provide their services to the customers in a variety of methods based on their preferred payment method.

Having an efficient system for micropayments is critical to the success of a micropayment solution, decreasing the amount of time it takes for a payment to clear and process successfully while providing information to the merchant on the sale. An efficient service helps merchants provide their services on a more efficient basis based on the payment method used and the ability to verify the payment.

The availability of competitive rates is important for micropayments due to the costs associated with normal payment processing solutions. The payment processor should be able to provide a competitive rate for micropayment in comparison to normal payment solutions due to the large quantity of payments as opposed to the size of the payments.

Various aspects of reporting are important for merchants who provide online services in order to be able to adequately understand how much is coming from their micropayments, how it affects their bottom line, and how fast the information is actually clearing.

General Queries

  • How many transactions do you generally process in a day?
  • How does the processor help you optimise your payment acceptance?
  • What methods of payment can the processor accept in bulk?
  • How often does the processor deposit into your bank account?
  • How do you handle purchases with the micropayments? How does the service benefit your company directly?