Making a payment processor

[tphegley]

With the help of a few programmers from here (Okha has been great) I am creating a paid to surf site. All is well right now and I'm about ready to take it public. I don't like using third party payment processors because of what happened to int gold and stormpay. Egold gets hacked alot as well.

Now the question is this:

Would it be worthwhile to create my own payment processor. Yes, I have a solar script and Yes I know it probably has HUGE risks in it. I would have a well advanced programmer to completely remake and overhaul it while making sure security is top notch. I know this would be worth a lot of money to create ( I wouldn't mind that part) but would it be worth it to my members and whoever else used the processor?

How much WOULD something like this cost. I'm guessin upwards of 3-10K although I'm not sure.

Can someone help me with this decision?

[nvzak]

Yes it possible and yes a lot of risk, the cost of something like that would be around 7-8K. Reason being that it would take a team of developers and and a lot of time to do.

Zak
nvzak
CYHITE Development

[jonny]

I hope you're going to spend a LOT more than 7-8k making a payment processor. Upwards of 10x that. If it's just for use with your own sites, it is definitely not worth it. If you are willing to take it to the next level and contact online merchants, affiliates, casinos, sportsbooks, etc to try and integrate it with their site, the potential for earning is huge.

[shareaweb]

Not for nothing, you will spend alot of cash, and yet people just won't trust you straight out of the gate.. it's your own system. Much the way SSL certs should be issued from a third party, and webmasters should not store credit card info at all, having your own payment processing would IMHO NOT be a good idea.

The banks probably won't want to deal with a non-established processor either, and there are so many repurcussions that you will have headaches every day.

Guess I'm too pessimistic on this one. ;)