Website payment processors
16 October 2002, 07:59 PM
#1
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I have a website selling merchandise, but no method of transacting the credit cards. What is the best service, as I can't get an instore authorising machine for 12 months because my bank won't issue to new businesses for 12 months.
Cheers.
Rik.
Cheers.
Rik.
17 October 2002, 12:03 PM
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try Lloyds Cardnet - we use them and have a PDQ machine through them - issued to us within a few weeks of starting our business.
Use this in conjunction with PGP/SSI server encryption for online orders.
Neil
www.scoobyworld.co.uk
Use this in conjunction with PGP/SSI server encryption for online orders.
Neil
www.scoobyworld.co.uk
17 October 2002, 12:14 PM
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Couple of ways to do this.
1) Online payment processing.
Your website sends payment info to clearing site. For a fee they process your customer's card details, and deposity payment into your bank account. (note, some companies like WorldPay hang onto payment, take the interest then finally deposit into your account after 30 days)
2) Offline payment processing
Your website collects the payment info from a customer's order. You collect it from your site and punch the information into a PDQ machine back in your office, which processes the customer's card and deposits money into your bank account.
Horses for course - whatever suits your needs. Like I said, be careful of some online card processing companies. WorldPay aren't one of the world's biggest for nothing - they take an annual fee off you, a cut on each transaction and, I'd assume interest off your payment which sits in their account for 30 days before they pass it to you.
-DV
PS: Its advisable to invest in a security certificate so your website is secure enough to handle confidential info like credit card nos, etc...
[Edited by Darren (M3) - 10/17/2002 12:21:40 PM]
1) Online payment processing.
Your website sends payment info to clearing site. For a fee they process your customer's card details, and deposity payment into your bank account. (note, some companies like WorldPay hang onto payment, take the interest then finally deposit into your account after 30 days)
2) Offline payment processing
Your website collects the payment info from a customer's order. You collect it from your site and punch the information into a PDQ machine back in your office, which processes the customer's card and deposits money into your bank account.
Horses for course - whatever suits your needs. Like I said, be careful of some online card processing companies. WorldPay aren't one of the world's biggest for nothing - they take an annual fee off you, a cut on each transaction and, I'd assume interest off your payment which sits in their account for 30 days before they pass it to you.
-DV
PS: Its advisable to invest in a security certificate so your website is secure enough to handle confidential info like credit card nos, etc...
[Edited by Darren (M3) - 10/17/2002 12:21:40 PM]
17 October 2002, 01:08 PM
#7
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I've used paypal in the past for ebay stuff etc, currently they are geared up to be in dollar amounts only, but since ebay bought paypal they are looking to convert to pounds.
The other problem is the costs involved can be a pain, means you either have to get the seller to add on costs (which can stop the sale) or you swallow the costs.... gain not ideal.
The other problem is the costs involved can be a pain, means you either have to get the seller to add on costs (which can stop the sale) or you swallow the costs.... gain not ideal.
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