Help: Accepting Online Payment

Gibbs-UK · 14 Jul 2011 at 00:05

Hi guys,

I wanted to accept online payments, the thing is my profit from each item is bang on 10% so if my method of payment is for example paypal they will end up taking about 5% so I am left with only 5% which is a little harsh.

So what I am getting at is what payment method is cheap and also the PHP script easily attainable and also is easy to integrate it with my site.

Thanks guys in advance and much appreciated.

Also can the mods move this thread to another forum just in case it is in the wrong forum.

p_r_i_m_e · 14 Jul 2011 at 00:12

you may get it a tad cheaper going elsewhere (the greater the turnover the cheaper it gets) however I fear your margins are FAR too tight!

Philtor · 14 Jul 2011 at 00:17

I will accept payment friend.

Gibbs-UK · 14 Jul 2011 at 00:44

p_r_i_m_e said:
you may get it a tad cheaper going elsewhere (the greater the turnover the cheaper it gets) however I fear your margins are FAR too tight!

Anyone in particular?

Shakeel · 14 Jul 2011 at 01:15

Can you give us an price of what your item sells for? I dont think they will take 5% seems a little high.

Zefan · 14 Jul 2011 at 01:18

Maybe take a look at Google Checkout?

kylew · 14 Jul 2011 at 02:09

I would suggest using PayPal and adjusting your prices to account for the PayPal fees.

You're going to have a hard time getting a payment gateway that doesn't charge fees, and as annoying as PayPal is, it's probably got the largest userbase, with the ability to accept card payments for those who don't have PayPal accounts, leaving PayPal to do all the processing there.

Gibbs-UK · 14 Jul 2011 at 02:20

An average transaction is £15 so I am only making £1.50 per transaction

kylew · 14 Jul 2011 at 02:22

I would suggest moving the "average" transaction price of £15, to £16 and then you've covered the paypal fees, plus about another 20p.

Gibbs-UK · 14 Jul 2011 at 02:39

kylew said:
I would suggest moving the "average" transaction price of £15, to £16 and then you've covered the paypal fees, plus about another 20p.

The thing is the minimum is £8 per transaction, it depends on the customer, from what I have forecasted/predicted I would be getting orders from £8 to about £25, so I have averaged it to about £15 as £14 would be the nearest mark of average I will be really hitting.

Even then still £1.50 and then paying percentage for the online payment is quite steep.

Just wondering if any other forum users can recommend me some other alternative.

Siliconslave · 14 Jul 2011 at 09:35

Zefan said:
Maybe take a look at Google Checkout?

google have exactly the same pricing structure as PayPal, in fact pretty much all the low volume on-line payment methods have about the same pricing I'm afraid.

Gibbs-UK · 14 Jul 2011 at 11:46

Okay thanks guys, much appreciated!

MuttsNutts · 14 Jul 2011 at 11:47

I think WordPay is cheaper?

Glaucus · 14 Jul 2011 at 11:49

I take it you have a website?

You could look at the many shopping carts. You'll still have fees but will depend on your bank. No idea which are good though.

123 do Ecomerce hosting, which includes everything you need
http://www.123-reg.co.uk/ecommerce/

Gibbs-UK · 14 Jul 2011 at 13:24

MuttsNutts said:
I think WordPay is cheaper?

Can you tell me more about wordpay

and also where can I get the PHP script for Paypal?

Did a google search and found this, I hope this is the right one

http://www.1-hit.com/online-payment-systems/free-paypal-shopping-cart-script-php.htm

AzZ · 14 Jul 2011 at 23:42

You can try Nochex. They are UK based as well. It costs £50 to setup a merchant account but I think their rates might be better. Have a look.

http://www.nochex.com/merchant-account/fees-pricing/

Edit: They have a promotion on this July so setup is free.

Gibbs-UK · 16 Jul 2011 at 11:13

Thanks for that, will look into that

edit: just had a look and I couldn't find a link suggesting a free setup if I apply today, you think that offer is expired?