How much to charge for a paypal payment gateway

Let’s say there is some website for which I have to build only an online paypal payment gateway. How much should I charge for this?

How much are others charging for this? How long will it take you? How important is this customer to you? Are you busy with other projects, or are you actively looking for new work because you aren’t busy? In short, you need to do some market research and determine how much the market will bear, and then possibly discount that rate based on how badly you want the work.

I could see that task costing several hundred to several thousand dollars depending on the amount of customization required.

Also, this isn’t the forum to ask this type of question. You might get a better response in the business forum.

Let’s say there is some website for which I have to build only an online paypal payment gateway. How much should I charge for this?

Come up with a rough estimation of how long it will take you to build it and extensively test it in hours, add another couple of hours in case and charge based on an hourly rate.

If you’re no experience of building one, do some research before you decide that it’s a job you want to take.

It also depends on whether the buyer wants exclusive rights to the code or whether you retain ownership and just licence it to them - if the latter then you could licence it to lots of other people as well and so would not need to charge anywhere near so much for the one copy.

I agree with most of what was said here. Only thing I don’t factor in is how much others are charging. I do not base my rate on what others are charging. You simply need to figure out what your time is worth and what you are willing to accept for the project. Determine how much time you estimate it would cost, determine what hourly rate you want to earn, and that would give you a good number. Other factors involved would be how much budget the client has, how busy you are and how fast they need it, how much of a problem client they could potentially be and possibly how large of a company they are and their market could bear.

If it is your first attempt, always buffer your time you think by a bit (I usually add between 10 - 20%) just to compensate for extra communication or problems that you may not forsee. Only way to really know what is a good price is to take on your first one, track your time and once you finish you will have a better understanding of how much it actually takes you and what you can charge for the next one.

Atlhough I love reading Kevin’s posts and we don’t see enough of them lately, I do disagree with part of what he has said. You do need to know what the competition gets so that you can determine what the market will bear and bid competitively on projects. I would love to charge $200.00 an hour and get it, but that figure is just out of my ball park.

It also make sense that if company A-1 gets XXX for a project and it has been in business for 10 years, they will be able to command more than company B-3 that is just getting started.

You can factor in nuisance factors, budgets, time frames and all the rest, but your experience and skill, priced to stay competitive, are what will count most with your clients and ultimately convince them to sign on the dotted line.

This is exactly why I said that you need to know what the competition is charging. If you decide to charge $200 an hour while your competition is charging $20 for the same quality of work, you probably aren’t going to have much success.

Alternatively, if you are charging $20 per hour while your competition is charging $40, you are leaving a lot of money on the table (hopefully the crowd of people lining up to use your services in this case would be a clue that you can raise your rates).

Perhaps I was a bit general on my comment, I do agree that you have to know an approximation of what your competition is doing as you don’t want to be trying to bill out at $200 an hr and your competition is at $50, as that won’t usually work very well … but that is also assuming that your competition is at the same quality level. If you only based your price on competition, you would be competing with the slew of young designers that will design a website for $200 total because to them, that’s a lot of money.

I guess I’m saying that you want to be competitive with your pricing but don’t base your price only on what your competition is charging (so somewhere between your comment and mine). :wink: If I’m charging $10 more per hour, I’m not going to change anything since I know that I will provide the client with a better experience and my time is worth it for them to spend the extra. If they decide to choose the other company because they are cheaper, that is their right. I’ve had my share of potential clients that chose the lower bid option and came back to me after 6 months because they had a horrible experience and needed me to fix what they did.

Those are the clients I want to take on anyway … if you simply want the cheapest, you’re not the right client for me. If you want it done right the first time and understand the value of what I offer, sign on the dotted line. :wink:

Off Topic:

Yeah, I haven’t been on SP for a while aside from random moments of free time to browse, but haven’t been able to post much. Hopefully that will change in the new year! Life seems to get in the way sometimes. :slight_smile:

Now we are in agreement. I don’t consider those who write 50 articles for $100.00 my competition. I am also aware that some companies make twice what I charge. However, they are usually firms that have a large team including administrative and research staff, so while they may be able to turn out my quality quicker than I can, their overhead is much greater than mine. I think a freelancer has to consider both ends of the spectrum and try to place him or herself somewhere in the middle.

Another thing that many new providers should do is qualify their clients. If someone is offering a low ball price, that is someone you don’t want to work with. Just as important is if someone doesn’t appreciate your expertise, they are also someone that you don’t want as a client.