e-commerce payment options?
25.October, 2009
what are my options for taking payment from my online store. The web design company have recommended i choose ‘Paypal’, which charges 3.9% per transaction. I will be trading from the UK, are there other less expensive alternatives?
cheers all.
We’ve used Paypal for some time now but found that they do not accept payments in excess of £650 unless the customer has a Paypal account. As a business, this is not satisfactory for us. We’re now in the process of switching to Netbanx. Their transaction fee is less than Paypal’s but they have a minimum rate per month of £20 so, if your transactions are low you have to pay that whatever happens.
If your customers are unlikely to be spending over £650 at a time, Paypal is a good solution. There are other providers who make you wait a long time for your money. With Paypal, your money is moved to your own/business bank account within 5-7 working days. Netbanz is within 14 days, I think, and some of the others take over a month.
Good luck!
25.October, 2009 um 10:30 am
You are going to have to check around, all I know is the 2 big ones are paypal and google. I prefer paypal, I not sure if there are any cheaper and please be careful on the internet. Paypal has more then one plan and fees vary so look at that as well.
References :
25.October, 2009 um 11:02 am
We’ve used Paypal for some time now but found that they do not accept payments in excess of £650 unless the customer has a Paypal account. As a business, this is not satisfactory for us. We’re now in the process of switching to Netbanx. Their transaction fee is less than Paypal’s but they have a minimum rate per month of £20 so, if your transactions are low you have to pay that whatever happens.
If your customers are unlikely to be spending over £650 at a time, Paypal is a good solution. There are other providers who make you wait a long time for your money. With Paypal, your money is moved to your own/business bank account within 5-7 working days. Netbanz is within 14 days, I think, and some of the others take over a month.
Good luck!
References :
Netbanx – http://www1.netbanx.com/