Merchant Account

Depends what kind of level of business you're going into. If you're spending a few thousand pounds to acquire stock and then another thousand or so on advertising, then worldpay's fees are pretty small in comparison. Also remember that their charges "per transaction" are quite a bit lower than other merchant handlers, so if you have a reasonable turnover, you're likely to make the subscription fees back a few times over. It would quite likely work out cheaper compared with other merchant handlers.

Just depends what your needs are. And no, I don't work for WorldPay ;)

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Originally Posted by thebillionaire

What makes 2c0 better than paypal?

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2CO will never be an option for me. It gave me only sorrow. Look what other users say about them.: for some strange reason THEY RESIST TO DELIVER my money to my account, the money has been lost for almost two months and nobody WANTS to help on their help Desk, they only give me excuses and all sort of lies but I don't have my money, I opened a complaint on the BBB and I still don't have a response, I FAXed them, opened too many tickets at their helpdesk, and I even CALLed them and they hung up on me on the phone, AS FAR AS I KNOW THIS IS CALLED FRAUD. IF YOU DON'T WANT TO HAVE PROBLEMS AND OPEN A SUCCESFULL BUSINESS ON THE INTERNET DON'T WORK WITH 2CHECKOUT they are a pain in the backside!

Recommended:
No

I don't want to be in the same situation. I use ikobo now. They are secure and reliable.

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Originally Posted by chromate

Depends what kind of level of business you're going into. If you're spending a few thousand pounds to acquire stock and then another thousand or so on advertising, then worldpay's fees are pretty small in comparison. Also remember that their charges "per transaction" are quite a bit lower than other merchant handlers, so if you have a reasonable turnover, you're likely to make the subscription fees back a few times over. It would quite likely work out cheaper compared with other merchant handlers.

Just depends what your needs are. And no, I don't work for WorldPay ;)

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I guess you're right. I for one don't plan on spending thousands of pounds. Not by a long shot. I'm only in this to make a decent living, in my country a thousand pounds is for most people their income for 2 years, so I think you get my point. This one of the reasons I've chosen ikobo, don't regret it so far, but as I said before I also agree with you, Worldpay may be good for some.
Don't worry, I for one, am not going to accuse you or anyone else of working for Worldpay or whichever other company. :)

The other nice thing about WorldPay is that you can take orders over the phone, fax or post using a simple web interface. Handy if you plan to run offline ads, as I will be - eventually! :)

Worldpay is indeed very good, but also VERY VERY expensive. Right now i can't find the exact fees on their website, and believe me I've tried (guess they're not too proud of them :D ), but from what I remember it was something like 200 pounds to set up and another 190 per year or per month or something. I think I've heard someone saying they've raised them even higher, although I don't know for sure since their website is so cryptic when it comes to informing the customer about their fees.

You have to get a quote from them these days. I think it's £100 to setup and £160 subscription per year. 4.5% commission on credit cards and £0.50 per transaction on debit cards.

They're not cheap, but considering the service, they're not too pricey either.

Full details http://www.xela.co.uk/services/e-payment

Yes if you sign up I get a commission, but since it seems nobody else publishes accurate pricing online in an 'immediately visible' format I hope nobody will mind..

I checked these very recently, so the prices are right. FWIW although obviously I admit the commission makes me biased (it cost us > £1000 to become a Worldpay Accredited Partner) I have been recommending their services since before we actually became accredited. Their customer services are excellent and their pages extremely customisable. They are also quick and (with one hashup in memory by way of exception) extremely reliable.

A.

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Originally Posted by chromate

You have to get a quote from them these days. I think it's £100 to setup and £160 subscription per year. 4.5% commission on credit cards and £0.50 per transaction on debit cards.

They're not cheap, but considering the service, they're not too pricey either.

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Well...it sure seems like that to me, I mean I know they may not be as good as Worldpay, but services such as 2checkout, ikobo and others (Paypal too, but I can't use it) are infinitely cheaper and I think offer decent services. Wouldn't you agree?

Not sure about 2checkout. I think someone said that they're only really worth it for single item purchases for some reason. Their per transaction charge of 5.5% is pretty high really, especially if you're doing a lot of business. However, if you're selling only a few low valued products a month, then 2checkout is probably worth it.

But if you're turning over 6 figures worth, then the setup and subscription charges at worldpay are pretty insignificant really. Even a 1% more transaction charge (as with 2 checkout) is gonna eat up 1000 or more of your profits.

If I was doing a lot of business, I would probably get the merchant account bit from Barclays. They only charge 2.18% per transaction and £125 setup. However, monthly subscription is £25! But as I say, if you're doing a lot of business then it would work out cheaper to have the lower transaction charge.

I'm not an expert on these things, but if I was gonna start an ecommerce store (as I hope to) then I've heard enough good reports about worldpay to use them at least for secure payment processesing.

I've heard a few people say to avoid ikobo altogether.

And to my mind only the merchant who runs a very profitable business can use worldpay. And if you’re new, I think it’s worth looking for something cheaper.

Yeah, pretty much so about worldpay... and what would you suggest as a cheap, yet not all that bad (asking for too much maybe?), alternative?

I don't really see why people think Worldpay's so expensive. £260 for a year and that's including setup. If you're not earning enough to dwarf that figure, over the course of a year, is the ecommerce venture even worth it? :)

Quite. I think also people do not realise the value attached to some of the niceties of Worldpay - like the ability to customise their payment pages fully, the ability to dump images on their secure server for a more integated feel, the ability to do advanced things like callbacks, and the additional options you can pay a bit extra for like FuturePay (for taking subscriptions) and WorldAccess (online virtual PDQ machine, for taking phone orders)...

All of these things are not noticed in a straight comparison with other providers, and individually these things all are quite small BUT put them all together and you realise they actually can make a difference; in consumer confidence if nothing else. In short you could well make more sales as a result of the better 'feel' your site has..

I've seen this before where a customer has gone from Paypal to Worldpay.....

As I say thought, I must declare my bias :)

I've worked with clients using Paypal and I reckon they must have lost SO many potential sales just because of that. If they'd used something like Worldpay I'm sure the traffic would have made conversions much more smoothly.

Pretty much anything's an improvement on paypal though :)

yea, personally I never use paypal. I don't trust it one bit.

The only time I used it was to buy a copy of vBulletin.