Taking Card Payments - Cheap!!

[newcastle phill]

For smaller jobs anyway

 

[rpm]

Out of interest why don't people go for straight bank transfers where possible instead of card machines?

Or do you already do that?

Or am i missing something?

I think this maybe on the increase as I`ve had 5 people ask to pay in this manner in the last 2 months.

 

[PlumbBobBob]

I always take bank transfer when the customer has online banking

 

[cr0ft]

We've only really ever taken bank transfers till last month armyash. This way the customer pays before we leave so we never have to worry about a bad debt again. We get on average one a year which would typically average at £600/yr. That covers the card fees.

Also with two vans the lads don't need to worry about taking cash/cheques.

Also, how much work might you be missing out on by not accepting credit cards?

 

[newcastle phill]

True.
Does that do card holder not present transactions.

Thats the one big+ with worldpay and also upto 5000 squid per transaction.

Ill have to look at it..

 

[Paulplumb]

I have a worldpay terminal and it costs £16 a month. The cost per transaction on debit cards are pennies. It is a few percent on credit cards which I would pass on to the customer. Therefore most customers opt to pay via cash or debit card.

 

[cr0ft]

True.
Does that do card holder not present transactions.

Thats the one big+ with worldpay and also upto 5000 squid per transaction.

Ill have to look at it..

Yes it does mate.

 

[Ray Stafford]

I have a worldpay terminal and it costs £16 a month. The cost per transaction on debit cards are pennies. It is a few percent on credit cards which I would pass on to the customer. Therefore most customers opt to pay via cash or debit card.

This has also changed in the recent re-organisation.

Debit cards had always used to be a fixed price - usually somewhere between 12p and about 35p. They are also moving to a percentage basis, like credit cards, although a slightly lower rate.

It shouldn't affect you if you are in contract, unless the acquirer has something in their small print that allows them to change the basis of their charging.

 

[rpm]

Currently with worldpay zinc. They charge no rental but alot more @2.75% per transaction.
I just pass it on.
Often makes them produce the cash anyway when faced with a bigger bill lol

Anyone avoid the new paypal tho. All the problems associated with paypal and charge backs - disputes etc.

Wasn`t there something in the news recently about card payments and the fee`s that can be charged to you?

 

[cr0ft]

Yes basically retailers won't be allowed to charge a fee for card transactions. A real victory for consumers right? No - all retailers are going to do is put their prices up by 2-3% regardless of how you pay!!