Online Payments

Technologies

I have a business and I am looking for the cheapest way to accept credit/laser card payments,I've heard of paypal but I can't accept laser cards and the best rate I can get is between 2 and 3%.

RoadKillTs

Check out Web Payments. I'm sure you will find the answer there.

Herbalist

There are a number of payment options for you - companies such as Sagepay, Realex and Lucey would provide these servies. Now I am connected to Sage and therefore would happily recommend SagePay. It is a secure system at a good price which allows you to process payments from credit cards and laser cards.

Are you looking to take payments over the phone (MOTO) or via a website (Ecommerce) or both?

One thing that you will need in order to use a payment service is a merchant account which you will need to apply for through your bank.

the webpayments.ie site is very good it has a lot of detail on the various options out there and gives a comparision on each.The sort of things to factor in when comparing providers would include - set up fee, how many transactions you are likely to have each month, the monthly fee charged, how many free transactions are included in that monthly fee, what support is available to you as a customer

podgeen

Hi Technologies,

Is it a new or existing business?
Are you referring to customer present or customer not present transactions or both?

I'm assuming because you mention PayPal you have an online business but just want to confirm before providing options.

Thanks,
Dave

drunkmonkey

Be vary careful with credit card fraud if it's Technologies your selling, If there high value items you shouldn't consider paypal, you'll need more intelligence about your customers than they can provide.

Technologies

Thanks for the replies!!!

Yes paypal isn't suitable as I cant accept laser cards & their rate is way too high

Ive been in touch with Lucey and they can help me get a merchant account

I want to accept payments online, and over the phone so their system allows me to do this.

Do you know if I can get a better rate than 1.24% as this is the rate Lucey are charging???

Ive looked at realex, sagepay, and a few others but they are charging between 2% to 4%???

Let me know if you have any ideas!!!

podgeen

Technologies wrote: »

Do you know if I can get a better rate than 1.24% as this is the rate Lucey are charging???

Ive looked at realex, sagepay, and a few others but they are charging between 2% to 4%???

Realex, SagePay etc.. are not charging between 2% to 4%. They all have a set monthly fee that covers you for a number of transactions per month. For example the Realex RealPay package is €29 a month and includes the first 350 transactions. Lucey charge a similar fee of €30. The 2% to 4% fee that you are referring to is the fee that is charged on your merchant account. A merchant account is needed if you want to use Realex or SagePay.

Lucey are not charging you 1.24%, they have a deal with a merchant account provider (Elavon I believe) that allows them to get a preferential rate for their clients for merchant accounts. So you are not paying the 1.24% to Lucy, they will help you get a merchant account and you will pay the fee to Elavon.

Lucey charge a fee of €30 per month but Lucey themselves are not a payment service provider like Realex or Worldnet. Instead they are a 3rd party provider, i.e. they are reselling the payment services that are provided by someone else. You can think of them as a middle man that sits between you and the Payment Gateway and the Acquiring Bank.

Lucey are not the first company to come to an arrangement such as this. FeePay (another Irish Company) have a similar deal with an acquiring bank that allows their clients to avail of a rate of 1.5% for credit cards and 17cent for debit cards. Take a look at my blog post on feepay from last year for more info.

Hope this helps.
Dave

FeePay

At FeePay we provide a suite of payment applications including a shopping cart, an enrolment system, Invoicing and payment console. All this is supplied on a per transaction basis. (€1.25 per transaction) You only pay for what you use. We can also assist you in getting a merchant agreement and the rate we get for ALL our clients is 1.5% for credit card and 17c for laser.

If you would like more information on the applications we provide please contact us at info@feepay.ie

Regards,

Mary.

Technologies

cheers for that Dave -

Yeah I researched feepay and they charge a set up fee of €250 and charge €1.25 of a transaction charge - it only suits someone who is doing a very low number of transactions which isnt me im afraid....

Yes i understand it is the merchant bank who charge 1.24% and Lucey are helping me with the merchant account so that is one less thing to do i suppose

Having researched the market they offer a lot more services for the €30 as you get recurring payments, and intergration with my webshop which I dont get with realex or the others

As a small business I dont care who i go with as long as i get the best deal as every penney counts these days!!!


Any other suggestions most welcome as I need all the help!!!

timbrennan

I moved from Realex to Lucey and I got the 1.24% - Realex were charging me nearly 3% for the same service

Their payment options cover every possible option you would need to accept payments plus you dont have to sign a contract which is important

I think conversations like this are important as you get to see whats out there

keithmc

Hi Technologies,

Just to clarify some details for you on the existing package that is currently available for SMEs looking to get set up with an online payments service :

- There are no setup fees
- There is a monthly fee of €29, which includes your first 350 transactions per month ; Any excess transactions are currently charged at €0.19cent per transaction
- 3D Secure authentication, CVV checking and our own in-house fraud scoring services are included as standard
- Online Terminal is provided as standard, to allow you to take transactions over the phone
- Online reporting service is also included as standard, to allow you to review all of your transactions.
- All standard card types and currencies are covered by the Realex Payments service.
- We have a full range of integrated shopping carts and plugins are available in a range of programming languages.

Realex do not charge a percentage for any of our transactions. We are bank independent which allows you to work with the acquiring bank of your choice. You need to get a merchant agreement in place with one of these acquiring banks to allow you to accept payments.

Should you require any further information, please look at the following sites : www.onlinepayments.ie ; www.realexpayments.ie or feel free to contact us directly.

Thanks,

Keith
Realex Payments
01-2808559

kenbrady

Technologies wrote: »

As a small business I dont care who i go with as long as i get the best deal as every penney counts these days!!!

Pure marketing speak

timbrennan wrote: »

I think conversations like this are important as you get to see whats out there

Again another attempt to shill


Technologies starts this thread looking for advise about online payments pretending to be clueless. Then he suddenly knows about all the providers and their rates.

timbrennan has 2 posts, the first is were he dragged up a 1 month old post to praise Lucey.

This shilling annoys the crap out of me.

Axwell

kenbrady wrote: »

Technologies starts this thread looking for advise about online payments pretending to be clueless. Then he suddenly knows about all the providers and their rates.

Not alone that but points out they can do everything he wants, accepts laser and at a great rate, better than the competitors. It reads like an advertisement, plus the username is the second half of said businesses name anyways.

dudara

Technologies, hous1 and timbrennan all banned on grounds of shilling.

dudara

GoneShootin

where would we be only for our watchful forum members

RoadKillTs

Fair play. I didnt cop that at all. Im getting rusty.

WebGeek

I found sagepay the easiest to integrate. Their checkout process is very user-friendly also.

okarroll

I have an online business and im sick and tired of the excuses my payment providers give me for sub standard service. I was told by a friends about Google check out. does anyone one know if this is a good service. Is it trusted by irish consumers?

balducci

okarroll wrote: »

I have an online business and im sick and tired of the excuses my payment providers give me for sub standard service. I was told by a friends about Google check out. does anyone one know if this is a good service. Is it trusted by irish consumers?

Google Checkout isn't technically available in Ireland yet but you can go via UK - don't know how currency would work though - http://checkout.google.com/support/sell/bin/answer.py?hl=en&answer=134420
I'm currently on the hunt for a payment provider myself - my issue is that there is such a small amount of transactions done by laser/credit card that any provider with a monthly fee means it's not worth my while. I think feepay might be my only option. Anyone had any experiences with them? Are they strictly online payments only?

tombull82

i am lookin at something similar for my site but all transactions would be anywhere from 10c upto about e10 anyone got suggestions on what system i should use for small amounts but many transactions? also i was thinking about a charge by mobile phone option, anyone knowwhere best to go for this?

I Drink It Up!

I love the way that illicit threads take on a life of their own and defeat the evil intentions of those who started them.:)

I am a legitimate outfit {sole trader} and I will be looking to accept payments from all over the world, but mainly Europe.

My margins are not big, maybe $100 per unit sold.

Paypal and Ebay seem to have what I would regard as high, if not extortionate fees.

If anyone has any suggestions, I would be grateful. Thanks.

gfitz

Hi folks, I'm in pretty much the same boat as most genuine people here asking about payments. We have a few online stores but like the others there small value items and the margins are quite tight, so likes of PayPal which we use at the minute are expensive. Do Realex or Feepay charge setup fees?
The other issue is that as a start-up, we are using dropshippers (so our margins are even tighter) but we are having problems trying to find the best way to pay suppliers who charge in either British Pound, USD or Chinese Yen. As an example, we sell a product for GBP13 which we buy for £8 but a BAC from a Euro account to a GBP costs €25 per transaction. It's not bad if you are transferring £1,000, but we can't mark up the small value products by €25 just to cover bank charges!!

Oh yeah, well done to the guys for spotting the shilling. I got completely pulled in on that one!!

antoinolachtnai

can you not get credit or else get a discount for paying 500 or 1000 euros up-front? can you get a sterling account? Under SEPA, I don't think there should be a charge for transfers within the EU, or it should be possible to mostly avoid them.

gfitz

antoinolachtnai wrote: »

can you not get credit or else get a discount for paying 500 or 1000 euros up-front? can you get a sterling account? Under SEPA, I don't think there should be a charge for transfers within the EU, or it should be possible to mostly avoid them.

Because we are a start-up, we don't have any trade references, so we can't get credit as of yet. Maybe down the line, we should get some credit. We could lodge 500-1000, but as we are only starting off, it could be awhile before we use up that amount and we could certainly use that kind of cash flow in other areas of the business. Thanks for the thought though

aidan.connolly

Hi Gfitz,

I just signed up with Sagepay, I would have a small number of transactions. They got me a deal with Elavon, I pay a slightly higher rate per transaction, but no monthly fee from Elavon.
I currently use Paypal, but I have noticed a trend of customers wanting to use Laser. As a result of Paypal not able to process Laser, I needed to find someway of processing Laser. I have no connection with Salgpay or Elavon...

Sage pay charge 25 per month.

On your payments issue, I use a Visa card to pay my uk suppliers. It works for me. As you are in receipt of GBP payments from your customer, would you not look at getting a sterling account.
In a previous job we had one from Ulster Bank, chequebook etc. It was very good.

Good luck with it.

Regards

Aidan