Merchant bank online payment processors...

by Kim Standerline 7 replies
I'm considering moving away from paypal for my 1shopping cart stuff, and looking for a decent merchant bank payment processor.

What are other UK marketer's using (sucessfully) that obviously takes multi denomination. I'd be interested to know. (I dislike worldpay, used it before)

Thanks
Kim
#main internet marketing discussion forum #bank #merchant #online #payment #processors
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  • Profile picture of the author derekwong28
    Kim

    I am surprised that you don't like Worldpay, I have actually been quite satisfied with their service.

    Of those who switched out, many are using HSBC merchant accounts. Others recommend paypoint and protx

    -Derek
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    • Profile picture of the author Kim Standerline
      Originally Posted by derekwong28 View Post

      Kim

      I am surprised that you don't like Worldpay, I have actually been quite satisfied with their service.

      Of those who switched out, many are using HSBC merchant accounts. Others recommend paypoint and protx

      -Derek
      I must admit I haven't used them since I first started online, (in 2002), I found them very clunky (and expensive)

      I wonder if authorisenet is a good one for someone in the UK to use
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      • Profile picture of the author derekwong28
        Kim, once you have achieved a certain volume, you can ask for a cut in fees from Worldpay. The volume required is only a few thousand pounds a month. If your customers are based in the UK, I would stick with UK processors. You want to minimize the risk of a bad internet internet connection between your customers and your processor.

        Derek
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  • Profile picture of the author derekwong28
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    • Profile picture of the author CSwrite
      Hi Kim,

      Just recently finished an assignment for someone that needed articles about UK merchant accounts. PayPoint Merchant Services - link: Online Payments Processing & Merchant Account Services | PayPoint.net seemed to be a very good one with lower fees. Let me see if they integrate with 1sc... Hmmm - don't think so.

      I'll go back through my articles to see if there is another one out there for you.

      Edited to add: It looks like 2co has integration for 1sc and they do accept multiple currencies - that's the only other one I could find that did it all - except maybe for Lloyd's TSB...

      Cary
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      • Profile picture of the author Lee McIntyre
        Hi Kim

        Worldpay does integrate with 1SC but it doesn't integrate with their recurring billing system.

        So if you want to sell standalone products Worldpay is cool, but you can't use it when selling subscriptions.

        You'll most likely find that HSBC and Barclays will give you a pretty touch time during the application process. Now more than ever they're pretty risk averse when it comes to credit card processing, and they're not particularly keen on 'card not present' direct response transactions.

        If you do manage to get a UK high street bank as your merchant provider I'd advise you to use Protx as the gateway, and not the bank's own solution.

        Despite a solid record with Paypal, including receipts of over $250,000 in a 12 month period, and a refund rate less than 1%, I was still refused card not present facilities by HSBC (though they approved me for a card present terminal for an offline business I'm involved in)

        PowerPay in the US will approve UK merchants if you can get a US citizen to guarantor the account (easier said than done!). You can find the details on their site and ask for Jud.

        Your best bet will probably be Optimal Payments.

        Accept Credit & Debit Cards Online, Ecommerce Credit Card Processing, International Merchant Account, Multiple Currency Payment Processing

        They have a 2 track placement policy, and if your business model is considered high risk then they have the opportunity to place you with an offshore bank in Israel.

        Depending on your type of business though the discount fee will be in the region of 5-6%, but after extensive research this was the best option I found for UK merchants following the direct response and 'card not present' processing model.

        I hope this helps!

        Lee McIntyre
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