We are looking for an internet payment gateway for the sale of lottery tickets from an online website. Do we use 3rd Party or develop our own? Please quote on developing our own credit and debit card processing application.
## Deliverables
Internet Payment Gateway
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We are looking for an internet payment gateway for the sale of lottery tickets from an online website (we are based offshore) Tickets will be $5 each (also some packages of $25, $99, $169.99 and $3,500) and sold internationally. We are looking at 50 million tickets per year. Need to accept all major credit and debit cards.
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**Question 1 >>> Does anyone have experience in doing this?**
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3rd Party Credit Card Processors?
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There are a host of 3rd party credit card processors out there (2CheckOut, iBill, Google Checkout, PayPal, Authorize, etc). Are we better off developing our own credit card processing application or using a 3rd party?
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**Question 2 >>> Do we use 3rd Party or develop our own credit card processor?**
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The main problems with 3rd party as we see it is high per transaction costs, usually a fixed amount plus a percentage. Given that we will be selling only low cost items ($5 per ticket) this is untenable. Our research has shown that we will be charged anything from $0.45 to $3.00 per transaction, so even on the cheapest we will be paying 10%.
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**Question 3 >>> If we use 3rd Party, who would be the best to use?**
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Developing our own
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We have no experience in what is involved in developing our own credit and debit card processing application.
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**Question 4 >>> What is involved in developing our own credit card processor?**
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Given the international nature of this, we do not want to be constrained by any country’s jurisdiction and laws but we also need reliability and credibility from a banking system.
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**Question 5 >>> Which Bank is best to use?**
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**Question 6 >>> How, where and with whom do we get a Merchant Account?**
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We are then looking for quotes for someone to develop our own online credit card processing application and get it up and running and liaising with the banks. We see this as a server application that will be front-ended with multiple websites.
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**Question 7 >>> How much will it cost to develop our own credit card processor and how long will it take?**
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Note:
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* Any input and advice is appreciated!
* Bidders need to be able to show experience in this field
* Bidders that merely send their CV without responding to the questions will be treated as spam and ignored.
* * *This broadcast message was sent to all bidders on Tuesday Oct 6, 2009 8:35:53 AM:
thank you all for your input, we are still going through everything and will get back to you on this...