UKNM: UK credit card processing

[Harry Warner]

Many thanks for the replies re UK v US hosting.


One other major problem I see for the UK web-trepreneur is the cost of

accepting online card payments. Barclays EPDQ service costs �500 to set

up, followed by �40 a month fees with 3-4% transaction fees. Surely this

is prohibitively expensive for the small e-commerce trader? Natwest

meanwhile have their agreement with WorldPay- �125 p.a, accepting Am

Express and Diners Club cards, but.... seems you may pay 4.5% per

transaction! I hope these figures are correct, please feel free to

correct me.


The point is that for a small internet-only retailer online processing

is one huge cost too many. We are going to use a  Natwest Streamline

manual processing terminal;  requires the merchant to punch in the card

number making full automation of the sales process impossible, but for

the smaller merchant surely a better option. When the 50+ orders a day

start coming in my complaints will be redundant!


Any thoughts? Our discussion group is running a thread on this too, my

apologies for not providing an active link in the last post.


Harry Warner.


The Global E-Commerce Discussion Forum:

http://www.citiescommerce.com/WWC2_toc.htm 

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