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One option is Clickbank.

No need for a merchant account and they easily handle affiliate commissions (if that's something you want).

Downside is that people will see Clickbank.com on their credit card statement, not your merchant name (but that's the same with a basic PayPal account as well).

Upside is they have a very good track record at processing recurring payments successfully (much better than PayPal) and they don't freeze your account like PayPal or Google Checkout does.

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