UKNM: RE: UK credit card processing

[John Braithwaite]

Regarding the comments on ONline CC processing.


I would suggest that you used a non-www transfer to send CC transfers to

Banks etc.


These rates will have to get cheaper, but whilst there aren't too many

people in the market, they can get away with it.


> Many thanks for the replies re UK v US hosting.

> 

> One other major problem I see for the UK web-trepreneur is the cost of

> accepting online card payments. Barclays EPDQ service costs 500 to set

> up, followed by 40 a month fees with 3-4% transaction fees. Surely

> this

> is prohibitively expensive for the small e-commerce trader? Natwest

> meanwhile have their agreement with WorldPay- 125 p.a, accepting Am

> Express and Diners Club cards, but.... seems you may pay 4.5% per

> transaction! I hope these figures are correct, please feel free to

> correct me.

> 

> The point is that for a small internet-only retailer online processing

> is one huge cost too many. We are going to use a  Natwest Streamline

> manual processing terminal;  requires the merchant to punch in the

> card

> number making full automation of the sales process impossible, but for

> the smaller merchant surely a better option. When the 50+ orders a day

> start coming in my complaints will be redundant!

> 

> Any thoughts? Our discussion group is running a thread on this too, my

> apologies for not providing an active link in the last post.

> 

> Harry Warner.

> 

> The Global E-Commerce Discussion Forum:

> http://www.citiescommerce.com/WWC2_toc.htm 


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