Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Cheapest Payments Systems

Options
  • 21-03-2017 5:49pm
    #1
    off.the.walls
    Registered Users Posts: 1,298 ✭✭✭


    Hey Everyone,

    Wondering does anyone know which is the cheapest payments provider for websites e.g. realex, stripe? etc.

    Thanks in advance


Comments

  • Options
    #2
    joelennon
    Registered Users Posts: 2 ✭joelennon


    In terms of cost Stripe is very reasonable:

    1.4% + 25c + VAT per transaction for European cards, direct debit and SEPA.
    2.9% + 25c + VAT per transaction for non-European cards

    There are alternatives like Braintree and PayPal (Braintree is owned by PayPal). Personally I have found Stripe excellent, and tend to be a little ahead of the rest when it comes to introducing new features. Their documentation is outstanding. If you're processing payments for other businesses they make it a cinch to allow them to "connect" their Stripe account to your app, and you can then process payments on their behalf, simplifying taking a cut, fraud prevention and all that.

    Realex could work out cheaper. They charge a flat fee of €29 per month which includes 350 transactions, and it's 12c per additional transaction. The catch is you need a merchant bank account to use it for accepting card payments, which is a bit of a painful process to go through. Note that with this option the bank will charge transaction fees too, so you'll want to check those with your bank for comparison.


Advertisement