Geordiedan Posted March 9, 2005 Share Posted March 9, 2005 Hey guys, I've narrowed my choice of PSP down to WorldPay and ProTX Now I've contacted both, and looking at the facts I have here I can't see why anyone would ever use WorldPay - so I'm guessing I'm missing something! :blink: My Merchant Account is set up via Streamline - to upgrade that to eCommerce will cost me a one off upgrade fee of ?50, with 3% on credit cards and 55p on debit transactions. ProTX have two options for me: ?20 per month for up to 1000 trans/quarter - "small business" 10p/trans for useage of over 1000 trans/quarter, but no monthly fees - corporate user. WorldPay however: ?200 setup fee ?30 per month, AND 1% on credit cards, 13p on debit transactions Now is it just me, or do WP fleece you for both a monthly rate AND a percentage cost (over and above that charged by Streamline) as well as the hefty setup fee?? :o How are these guys still in business?? Hopefully I've missed something really basic here - but looking at the "plain" facts I just can't see it... Any help appreciated, Dan :) Quote Link to comment Share on other sites More sharing options...
Geordiedan Posted March 11, 2005 Author Share Posted March 11, 2005 Anyone?? :'( I don't mind if I am being stupid, I just need to know! :blush: :rolleyes: Quote Link to comment Share on other sites More sharing options...
Hkanaris Posted March 12, 2005 Share Posted March 12, 2005 Try using Protex without a Merchant number. Worldpay know its not that easy to get one, so they use that to their advantage. They will give you a merchant number therefore allow you to trade, but fleece you in the process as you have no choice. Trust me there killing me I been with them for a year, but rest assured im now almost in the position to getting my own merchant id number so im going to protex. :thumbsup: Quote Link to comment Share on other sites More sharing options...
mark27uk3 Posted March 12, 2005 Share Posted March 12, 2005 Why not try HSBC e-secure payments, they gave me a very good quote indeed. I suppose the quote depends upon how much business you are going to put their way. My quote was as follows: ?200 setup fee ?20 per month (security submission charge). 3% on credit cards and 34p on debit cards, with the money being transferred into my account within 3 days. I also am getting stung by worldpay and I am going to change over as soon as I have got my new site up and running with HSBC. The only condition that HSBC impose is that you must open a business account with them. Mark :blink: Quote Lifes a bitch, then you marry one, then you die! Link to comment Share on other sites More sharing options...
Geordiedan Posted March 13, 2005 Author Share Posted March 13, 2005 Cheers guys :) The business already have a merchant account through Streamline - they can upgrade for ?50 and get an Internet Merchant Account pretty easily. So I take it WorldPay are a bunch of cowboys then? :-" Anyone else have some thoughts on this? ATB, Dan Quote Link to comment Share on other sites More sharing options...
mark27uk3 Posted March 13, 2005 Share Posted March 13, 2005 I would not say worldpay were cowboys, they provide a very efficient service its just that prices are a bit on the steep side. Quote Lifes a bitch, then you marry one, then you die! Link to comment Share on other sites More sharing options...
Hkanaris Posted March 13, 2005 Share Posted March 13, 2005 I agree worldpay are not cowboys, they have served my business well, they are just expensive because they have no competition. Quote Link to comment Share on other sites More sharing options...
Enzo_UK Posted March 23, 2005 Share Posted March 23, 2005 The business already have a merchant account through Streamline - they can upgrade for ?50 and get an Internet Merchant Account pretty easily. Having a merchant account just means you are allowed to take payments over the internet, it doesnt mean that Streamline will provide the payment Gateway... You will still have to use a third party payment service provider. I have a internet merchant account with HSBC and pay them 1.6% on Credit Cards, and 19p on debit cards. But on top of that I have to pay another 1.5% to Secure Trading Quote Link to comment Share on other sites More sharing options...
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