topic Re: cheapest credit card facilities in Selling

cheapest credit card facilities

shedshite — Fri, 26 Dec 2014 01:58:49 GMT

I have had enough of PayPal and I am looking at establishing my own C/C facilities. My dealings will all be by phone or email. I expect the $ quantum and quantity of transactions to be relativley low. What is the cheapest effective way of doing this in Australia?

Re: cheapest credit card facilities

kopenhagen5 — Fri, 26 Dec 2014 02:06:42 GMT

Try St George but I think you will find a merchant facility is not cost effective unless you are doing hundreds of trans every month.

There is a set up fee then a monthly fee and a per trans fee.

Have also heard Commonwealth are competitive.

Re: cheapest credit card facilities

harley_babes_hoard — Fri, 26 Dec 2014 02:12:07 GMT

Personally I would not hand over my cc details to any ebayer. I will only use a third party like paypal if I had to.

Re: cheapest credit card facilities

shedshite — Fri, 26 Dec 2014 02:36:28 GMT

Hi Harley-Babes, This is exactly the reaction I want! Then my other option of direct credit to my account will come into play. By going this way I can offer C/C facilities which complies with Ebay requirements while in fact directing them to direct credit my account and by passing PayPal completely which is my goal. Regards Norm

Re: cheapest credit card facilities

maranock — Fri, 26 Dec 2014 03:02:37 GMT

I will never trust any Ebay seller with my credit card details, or gift them with money into their bank account. If a seller doesn't offer Paypal I will not buy off them. I think you will find this a common reaction.

Re: cheapest credit card facilities

kopenhagen5 — Fri, 26 Dec 2014 03:15:32 GMT

Is the OP not referring to selling? (To HBH)

Edit, I get your point now, many buyers may not want to purchase.

And like maranock says, I don't DD as there is no protection.

Re: cheapest credit card facilities

dylan11235813 — Fri, 26 Dec 2014 03:19:42 GMT

There is an online payment gateway called Eway. I am about to set it up on my website. I think the cost is about 0.20/transaction +1.1% I think you can set it up for offline as well. Directly with a bank is actually quite cheap as well.

Re: cheapest credit card facilities

horizon1907 — Fri, 26 Dec 2014 03:39:57 GMT

Absolutely 100% h b h It would be like waving a Red Flag .

Re: cheapest credit card facilities

phorum_junkie* — Fri, 26 Dec 2014 04:01:22 GMT

If you have your own metchant credit account the only thing you will avoid is having seller protection if you have proof of posting. If a buyer pays using their credit card direct and then they do a chargeback you have to fight it yourself and will need proof of delivery and proof the item is in as described conditin. Unless you are expecting hundreds of payments a week it will aloso work out more expensive than Paypal.

Re: cheapest credit card facilities

clarry100 — Fri, 26 Dec 2014 04:21:57 GMT

We have been studying eWay as an option for our own website.

They have different plans to suit from the beginner, who may only have a small number of transactions, to larger volume sellers.

The fees are slightly higher than PayPal if you are on one of the low volume plans. High volume sellers will beat PayPal for fees.

But you don't need to set up and pay the separate fees for the merchant bank account as they handle all that for you included in their fee.

The downside of not offering PayPal is that element of mistrust as eluded to in above comments. So you may lose sales to this.

eWay do have a credit card screening facility available as well. This is designed to look for cards that are either illegal/stolen or may have a hsitory of chargebacks before being allowed to be used to make payment. This is supposed to reduce the number of chargebacks you might be subjected to. But I believe this service costs extra on any of their plans.

PayPal are a bit like eBay in this regard. If you don't like trading on ebay you really have no viable alternative to turn to. Likewise PayPal.

Re: cheapest credit card facilities

shedshite — Fri, 26 Dec 2014 04:56:33 GMT

From my point of view I am more than happy to comply to Australian consumer law requirements. I am not happy to have onerous and badly designed extra requirements forced upon me. One group of items I sell are classic microphones $500-$20,000. Under the current system the buyer can take delivery then go to the studio and record their music and at the end return it on the basis of not as described. Not only do I lose the sale I pay the cost of postage in both directions to allow the buyer to use my microphone. Absurd outcome!

Re: cheapest credit card facilities

digital*ghost — Fri, 26 Dec 2014 05:42:14 GMT

@clarry100 wrote:

The downside of not offering PayPal is that element of mistrust

The end result of a very successful campaign - don't trust the sellers you choose to buy from, trust the company that processes the payment, instead, to the point where you won't trust anyone that doesn't offer our services, cos if they were really honest sellers, they'd take the risks we make them take.

Bleh is all I have to say about that.

Re: cheapest credit card facilities

shipahoys_antique_and_collectable_centre — Fri, 26 Dec 2014 06:03:12 GMT

We have a CBA facility in place, at around 2.2%. The far majority of our website payments are done via card, whilst Ebay payments account for around the 40% mark. The balance is via Paypal, and some Direct Deposit too. I certainly would encourarge anyone with good feedback and track record to encourange both Credit card and Paypal, as it works very well for us, and find that a considerable amount of our clients actually prefer to utitlise this facility over Paypal. Credit card payments = never ever had one chargeback or problem in over 15 years. I definitively cannot say the same about Paypal.