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welsh veg grower
Joined: 23 Jan 2009
Posts: 731
Location: Snowy Ceredigion
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 Posted: Tue Nov 17, 09 10:00 am Post subject: Taking Debit and Credit Card payments |
 
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Anyone else do it?
Who do you use?
What are the rates like?
Just had a quote from Card Net and ouch 2.4% fee for a credit card transaction. Didnt mind the 45p per debit card as we will be using it for the B&B and most bills are about £60 - £120
then there is the £100 set up fee and the £21.33 a month for the terminal.
Any suggestions? Usually only deal in cheques and direct debits in my business but think card payments will be a bit more likely in the B&B
Last edited by welsh veg grower on Tue Nov 17, 09 10:03 am; edited 1 time in total |
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alison
Downsizer Moderator
Joined: 29 Oct 2004
Posts: 7721
Location: North Devon
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| Posted: Tue Nov 17, 09 10:03 am Post subject: |
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I resisted the credit card machine for years, as I don't use debit cards myslef.
We are with streamline, and got the best deal through the visit britain englich tourist board membership. |
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Barefoot Andrew
Downsizer Moderator
Joined: 21 Mar 2007
Posts: 13140
Location: Floating away on a sea of R&S
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| Posted: Tue Nov 17, 09 10:34 am Post subject: |
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No experience of them myself but Rob R uses Nochex.
A. |
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welsh veg grower
Joined: 23 Jan 2009
Posts: 731
Location: Snowy Ceredigion
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| Posted: Tue Nov 17, 09 10:59 am Post subject: |
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| alison wrote: |
I resisted the credit card machine for years, as I don't use debit cards myslef.
We are with streamline, and got the best deal through the visit britain englich tourist board membership. |
cheers for that mid wales tourism do a similar thing and looks like a good deal - now must attach my head more firmly. |
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alison
Downsizer Moderator
Joined: 29 Oct 2004
Posts: 7721
Location: North Devon
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| Posted: Tue Nov 17, 09 1:46 pm Post subject: |
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I made myself a spread sheet with all the different charges and set up costs, then spent a morning on the phone, playing one off against the other, and getting reduced membership to the tourist association, as we were so far into the year. |
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Lorrainelovesplants
Joined: 13 Oct 2006
Posts: 1444
Location: Cornwall
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| Posted: Wed Nov 18, 09 9:35 pm Post subject: |
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Nat West tried to force us to use it..... far too dear.........what about paypal? Must be cheaper?
After some recent 'problems' with a customer Im happy with cash or a cheque with a valid bankers card. |
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Rob R
Joined: 28 Oct 2004
Posts: 16655
Location: York
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| Posted: Wed Nov 18, 09 10:40 pm Post subject: |
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Nochex is 2.9% + 20p per transaction
Paypal is 3.4% + 20p per transaction
Nochex is also a British company
Edit: The Paypal rate applies up to £1500 per month, it is the same as Nochex from £1500 to £6000, and less for more than £6000/month
Last edited by Rob R on Wed Nov 18, 09 10:48 pm; edited 1 time in total |
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The.Grange
Joined: 13 Sep 2009
Posts: 845
Location: Derbyshire
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| Posted: Wed Nov 18, 09 10:42 pm Post subject: |
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paypal are a bunch of.... ner do wells... everytime i telephone them some highly trained and intellectually stimulating member of staff makes a hash of it all ... phew  i'd prefer to peel my eyes than deal with paypal |
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Wherry
Joined: 12 Oct 2009
Posts: 42
Location: Suffolk
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| Posted: Thu Nov 19, 09 9:28 am Post subject: Re: Taking Debit and Credit Card payments |
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| welsh veg grower wrote: |
Anyone else do it?
Who do you use?
What are the rates like?
Just had a quote from Card Net and ouch 2.4% fee for a credit card transaction. Didnt mind the 45p per debit card as we will be using it for the B&B and most bills are about £60 - £120
then there is the £100 set up fee and the £21.33 a month for the terminal.
Any suggestions? Usually only deal in cheques and direct debits in my business but think card payments will be a bit more likely in the B&B |
I think it might depend what you're trying to achieve. If your B&B thing is just a way to earn a bit of 2ndary income then maybe you can't justify the set-up and rental charges. If you see it as something that might grow into a bigger part of your income than maybe you can justify it.
When I started my mail-order business I took the view that without card processing I wouldn't really have a business. I'm still with Cardnet several years down the line - I don't think they are the cheapest but they are all much of a muchness like many such things. To date, and touching wood, I've never had any problems with them and that is important to me.
My set-up charge was £250, so that has come down. Quartely rental is £60ish. I've just had a look through the last three months and overall charges per month have been 2.7 - 2.9% of throughput to give you an idea.
My view FWIW is that a lot of people expect to be able to pay by card, in whatever everyday situation, and being able to offer them that payment option can only be good for business. Apart from anything else it would enable you to take reservation deposits for your rooms over the phone. |
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