Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.




254 posts

Ultimate Geek


# 146693 26-May-2014 14:39
Send private message

Hi,

I work for a small business.  We invoice all of our clients and they pay by Direct Credit or cheque.  We have no over the counter services and no Eftpos/credit card facilities as such.

We picked up a new client who was wanting to pay by amex.  After signing up with Amex merchant services we have the ability to manually submit a charging voucher for one transaction a month.

This is fine but we now have another new client who may want to pay by Visa each month. ($50K a month transaction)

Does anyone know of a good online payment facility that doesn't cost the earth for only a couple of transactions a month?  I've had a look at Visa's website and I can't seem to find any info about dealing with them direct to do manual voucher like we do with Amex.

Any suggestions would be appreciated.









View this topic in a long page with up to 500 replies per page Create new topic
 1 | 2
6365 posts

Uber Geek

Moderator
Trusted
Lifetime subscriber

  # 1053659 26-May-2014 15:53
Send private message

DPS have a facility where you can login and manually run transactions.  They aren't cheap though.

3885 posts

Uber Geek

Subscriber

  # 1053661 26-May-2014 15:55

Contact your bank. I recently Signed up with merchant services with ASB. But that was for a mobile eftpos machine. The terms that I had to agree to were interesting. Main one being that if I accept "card not present" transactions. I must verify the identity of the person who is paying. To avoid the possibility of successful charge backs against me. And if you are doing manual transactions, you have to phone and authorise each transaction. The Interchange fee I pay is 2.85% of the transaction amount. But you can qualify for 2.5% for high total monthly payment amounts and high average per transaction amounts.

Is there any possibility you can get the customer to present their card and process it through an eftpos terminal? Since it is verified in real time and you have more protections. Especially since you want to process $50K transactions.

 
 
 
 


15342 posts

Uber Geek


  # 1053663 26-May-2014 16:00
Send private message

Why don't you just tell the people you don't accept credit card, and if they pay by direct credit, you will give them a discount of the amount in fees you would pay for it to be done by credit card. These days it is just as easy to pay by direct credit via online banking. There are also risk with them paying by credit card to the merchant, especially if they are paying that sort of money per transaction.

254 posts

Ultimate Geek


  # 1053664 26-May-2014 16:05
Send private message

I would recommend a company cally Flo2Cash - Auckland based



254 posts

Ultimate Geek


  # 1053672 26-May-2014 16:14
Send private message

mattwnz: Why don't you just tell the people you don't accept credit card, and if they pay by direct credit, you will give them a discount of the amount in fees you would pay for it to be done by credit card. These days it is just as easy to pay by direct credit via online banking. There are also risk with them paying by credit card to the merchant, especially if they are paying that sort of money per transaction.


We we have won the contract from another supplier who may have already have been charging them via credit card.  For a $600K yr client we are trying to do all we can for them.  We will be discussing the card fees with them. 









254 posts

Ultimate Geek


  # 1053673 26-May-2014 16:14
Send private message

BuzzLightyear: I would recommend a company cally Flo2Cash - Auckland based


Any idea of the fees?









254 posts

Ultimate Geek


  # 1053691 26-May-2014 16:29
Send private message

Aredwood: Contact your bank. I recently Signed up with merchant services with ASB. But that was for a mobile eftpos machine. The terms that I had to agree to were interesting. Main one being that if I accept "card not present" transactions. I must verify the identity of the person who is paying. To avoid the possibility of successful charge backs against me. And if you are doing manual transactions, you have to phone and authorise each transaction. The Interchange fee I pay is 2.85% of the transaction amount. But you can qualify for 2.5% for high total monthly payment amounts and high average per transaction amounts.

Is there any possibility you can get the customer to present their card and process it through an eftpos terminal? Since it is verified in real time and you have more protections. Especially since you want to process $50K transactions.


I have just contacted ANZ and there is an option to charge over the Phone with a pure commission charge.  This may be our best option.  I'd really like the client to use a web interface to pay directly then we don't have to worry about the security of card numbers here and there are less chances of a disputed transaction.










 
 
 
 


15564 posts

Uber Geek

Trusted
Subscriber

  # 1053713 26-May-2014 16:40
Send private message

Paypal or PayMate. Paymate has no monthly fees, is done online, service is good, and if you talk to them you and tell them the amounts involved they'll probably give you a better rate.

597 posts

Ultimate Geek


  # 1053722 26-May-2014 16:49
Send private message

I would recommend DPS as well, it's the easiest solution for what you want and it's cheap(ish) if you have a low number of transactions.

http://www.paymentexpress.com/Products/Ecommerce




Regards
Stefan Andres Charsley

15342 posts

Uber Geek


  # 1053725 26-May-2014 16:51
Send private message

timmmay: Paypal or PayMate. Paymate has no monthly fees, is done online, service is good, and if you talk to them you and tell them the amounts involved they'll probably give you a better rate.

 

Paymate only take on certain businesses now.

597 posts

Ultimate Geek


  # 1053727 26-May-2014 16:52
Send private message

timmmay: Paypal or PayMate. Paymate has no monthly fees, is done online, service is good, and if you talk to them you and tell them the amounts involved they'll probably give you a better rate.


PayMate has a maximum transaction value of $10,000 so would not meet the specifications required.




Regards
Stefan Andres Charsley

15564 posts

Uber Geek

Trusted
Subscriber

  # 1053772 26-May-2014 17:12
Send private message

charsleysa:
timmmay: Paypal or PayMate. Paymate has no monthly fees, is done online, service is good, and if you talk to them you and tell them the amounts involved they'll probably give you a better rate.


PayMate has a maximum transaction value of $10,000 so would not meet the specifications required.


Thought they said $20K on their page, more by arrangement.

597 posts

Ultimate Geek


  # 1053774 26-May-2014 17:14
Send private message

timmmay:
charsleysa:
timmmay: Paypal or PayMate. Paymate has no monthly fees, is done online, service is good, and if you talk to them you and tell them the amounts involved they'll probably give you a better rate.


PayMate has a maximum transaction value of $10,000 so would not meet the specifications required.


Thought they said $20K on their page, more by arrangement.


That's total of transactions, individual transactions are limited to $10k




Regards
Stefan Andres Charsley

Webhead
2391 posts

Uber Geek

Moderator
Trusted
Lifetime subscriber

  # 1053779 26-May-2014 17:19
Send private message

So does the clients pay the credit card fees? I would guess you are looking at something around 2-3% fee for the transactions with Visa and MasterCard, and somewhere upwards to 4% with Amex?

I really hope you have a good margin if you are covering the fees for the client, for a total revenue of $600k a year we are not talking pocket change..

597 posts

Ultimate Geek


  # 1053784 26-May-2014 17:28
Send private message

jarledb: So does the clients pay the credit card fees? I would guess you are looking at something around 2-3% fee for the transactions with Visa and MasterCard, and somewhere upwards to 4% with Amex?

I really hope you have a good margin if you are covering the fees for the client, for a total revenue of $600k a year we are not talking pocket change..


As far as I know, DPS charges per transaction not a transaction percentage.

Their lowest package is $50 a month for 100 transactions. An initial setup fee of $150 applies.




Regards
Stefan Andres Charsley

 1 | 2
View this topic in a long page with up to 500 replies per page Create new topic



Twitter and LinkedIn »



Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:





News »

Ring launches indoor-only security camera
Posted 23-Jan-2020 17:26


New report findings will help schools implement the digital technologies curriculum content
Posted 23-Jan-2020 17:25


N4L to upgrade & support wireless internet inside schools
Posted 23-Jan-2020 17:22


Netflix releases 21 Studio Ghibli works
Posted 22-Jan-2020 11:42


Vodafone integrates eSIM into device and wearable roadmap
Posted 17-Jan-2020 09:45


Do you need this camera app? Group investigates privacy implications
Posted 16-Jan-2020 03:30


JBL launches headphones range designed for gaming
Posted 13-Jan-2020 09:59


Withings introduces ScanWatch wearable combining ECG and sleep apnea detection
Posted 9-Jan-2020 18:34


NZ Police releases public app
Posted 8-Jan-2020 11:43


Suunto 7 combine sports and smart features on new smartwatch generation
Posted 7-Jan-2020 16:06


Intel brings innovation with technology spanning the cloud, network, edge and PC
Posted 7-Jan-2020 15:54


AMD announces high performance desktop and ultrathin laptop processors
Posted 7-Jan-2020 15:42


AMD unveils four new desktop and mobile GPUs including AMD Radeon RX 5600
Posted 7-Jan-2020 15:32


Consolidation in video streaming market with Spark selling Lightbox to Sky
Posted 19-Dec-2019 09:09


Intel introduces cryogenic control chip to enable quantum computers
Posted 10-Dec-2019 21:32



Geekzone Live »

Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.


Support Geekzone »

Our community of supporters help make Geekzone possible. Click the button below to join them.

Support Geezone on PressPatron



Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.