Product comparison with Cred

Comparison table

	Cred	Paypal	Google Checkout	Credit Card	SMS Shortcode
Setup Fee	$0	$0	$0	$60	$1750
Monthly Fee	$0	$0	$0	$15	$1200
Percentage cost per transaction	20%	2.9%	2.9%	5.5%	0%
Cost per transaction	$0	30 US Cents	30 US Cents	40 US Cents	55 US Cents
Revenue left for provider	$0.80	$0.671	$0.671	$0.645	$0.45
Transaction to recoup monthly costs	0	0	0	30	2000

Please note these examples are all based on a one-dollar value.

Paypal:

• Setup fee: $0
• Base cost per transaction: $0.30
• Percentage value per transaction: 2.9% or $0.029
• Total amount left for user: $0.671 or 67 cents

*South African users will have a further 1.5% taken off that amount as well as have the worry of currency fluctuations.

Google Checkout:

• Setup fee: $0
• Base cost per transaction: $0.30
• Percentage value per transaction: 2.9% or $0.029
• Total amount left for user: $0.671 or 67 cents

*Google Checkout is only available in the United States and the U.K.

SMS Shortcodes:

• Setup fee: $1750
• Monthly fee: $1200
• Revenue Share: Between $0.38 and &0.51
• Maximum amount left for user: $0.62
• Amount of transactions required to pay for monthly fees: +/- 2000

*This is based on United States Shortcode information. South African Shortcode costs are lower and have a higher revenue share although they still end up at less than $0.60 per transaction.

Credit Card Gateway:

South Africa

• Setup fee: $0
• Monthly fee: $0
• Per transaction cost: R2 or $0.26
• Per transaction percentage cost: $0.045 (4.5%)
• Maximum amount left over: $0.39

United States

• Setup fee: $60
• Monthly fee: $15
• Per transaction cost: $0.2
• Per transaction percentage cost: $0.0255 (2.55%)
• Maximum amount left over: $0.785
• Amount of transactions required to cover monthly fee: 20

International

• Setup fee: $60
• Monthly fee: $15
• Per transaction cost: $0.4
• Per transaction percentage cost: $0.055 (5.5%)
• Maximum amount left over: $0.645
• Amount of transactions required to cover monthly fee: 30

Cred:

• Setup fee: $0
• Monthly fee: $0
• Percentage cost per transaction: 20% or
• Total amount left for content provider: $0.80
• Amount of transactions required to cover monthly fee: 0