stugster
Active Member
Hey all,
For Equiphase, we heavily rely on Google Checkout to process our orders - there are the occasional PayPal orders that come through, but in general, the majority of payments we receive are via Google.
I thought it would be handy to outline a few of the transaction fees each company charges, and the good and bad points for each "merchant".
Google Checkout
Transaction Fees: 1.5% plus 15p per transaction.
Good: For every £1 you spend on AdWords, you can process £10 in sales for free through Google Checkout.
Google pays in money to your account automatically, and on a daily basis.
Bad: Google Checkout's site is relatively complicated to get your head around and takes a wee while to get used to.
PayPal
Transaction Fees: 3.4% + 20p per transaction (for monthly sales of £0.00 - £1,500.00)
Good: PayPal is easy to use and easy to integrate on your website.
Bad: With a complicated transaction fee table, it can be a pain to do the books with. Also, it's a bit more expensive than Google. https://www.paypal.com/uk/cgi-bin/webscr?cmd=_display-receiving-fees-outside
ProTX
Transaction Fees: £20 a month for up to 1000 transactions per quarter. Or: 10p per transaction if over 1000 transactions per quarter.
Good: ProTX works out really cheap if you have a lot of transactions. It's also very easy to do the book keeping with since there aren't percentages or lots of changes in the fees.
ProTX will help in integrating their service with your site. ProTX doesn't require logos on the site, and can make you seem more professional.
ProTX offer additional services like telephone-charging, and terminals. These are inexpensive and useful.
Bad: ProTX requires you have a merchant account. These are reasonably expensive and will usually require a minimum contract. There will be transaction fees associated and usually a monthly cost to pay too.
My personal view on the subject of merchant/payment processors is that for any small business wanting to take payments with little expense and no tie-in contracts, have a look at Google Checkout!
If you already spend money on Adwords every month to help with your SEO, then you should really consider using Google to help cut your costs and increase your sales!
For Equiphase, we heavily rely on Google Checkout to process our orders - there are the occasional PayPal orders that come through, but in general, the majority of payments we receive are via Google.
I thought it would be handy to outline a few of the transaction fees each company charges, and the good and bad points for each "merchant".
Google Checkout
Transaction Fees: 1.5% plus 15p per transaction.
Good: For every £1 you spend on AdWords, you can process £10 in sales for free through Google Checkout.
Google pays in money to your account automatically, and on a daily basis.
Bad: Google Checkout's site is relatively complicated to get your head around and takes a wee while to get used to.
PayPal
Transaction Fees: 3.4% + 20p per transaction (for monthly sales of £0.00 - £1,500.00)
Good: PayPal is easy to use and easy to integrate on your website.
Bad: With a complicated transaction fee table, it can be a pain to do the books with. Also, it's a bit more expensive than Google. https://www.paypal.com/uk/cgi-bin/webscr?cmd=_display-receiving-fees-outside
ProTX
Transaction Fees: £20 a month for up to 1000 transactions per quarter. Or: 10p per transaction if over 1000 transactions per quarter.
Good: ProTX works out really cheap if you have a lot of transactions. It's also very easy to do the book keeping with since there aren't percentages or lots of changes in the fees.
ProTX will help in integrating their service with your site. ProTX doesn't require logos on the site, and can make you seem more professional.
ProTX offer additional services like telephone-charging, and terminals. These are inexpensive and useful.
Bad: ProTX requires you have a merchant account. These are reasonably expensive and will usually require a minimum contract. There will be transaction fees associated and usually a monthly cost to pay too.
My personal view on the subject of merchant/payment processors is that for any small business wanting to take payments with little expense and no tie-in contracts, have a look at Google Checkout!
If you already spend money on Adwords every month to help with your SEO, then you should really consider using Google to help cut your costs and increase your sales!