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Website and credit/laser card payments

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  • 11-08-2012 3:28pm
    #1
    B1977
    Registered Users Posts: 410 ✭✭


    I want to be able to receive credit card and laser card payments on a website.

    what would be the steps needed to follow for merchant banking ?
    which bank to use
    what company to provide the system for the website
    how long before payment for a product purchased online on the site is cleared

    any help or advice would be much appreciated:confused:


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    #2
    sozbox
    Registered Users Posts: 1,399 ✭✭✭sozbox


    Take a look at Realex payments, should have all the info you need.
    http://www.realexpayments.com/ie


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    #3
    iDave
    Registered Users Posts: 3,750 ✭✭✭iDave


    B1977 wrote: »
    I want to be able to receive credit card and laser card payments on a website.

    what would be the steps needed to follow for merchant banking ?
    which bank to use
    what company to provide the system for the website
    how long before payment for a product purchased online on the site is cleared

    any help or advice would be much appreciated:confused:

    Try sagepay.ie
    Merchant banking and payment gateway solved in one


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    #4
    sandin
    Closed Accounts Posts: 1,594 ✭✭✭sandin


    It depends on what type of turnover you are going to have. If its a startup and turnover will be low at first, then use the Paypal payment system - it can be set up in minutes and you don't need to do much form filling. Very handy for the start up phase, but commission is quite high at 3.4% + a fee per transaction (35c I think).

    Once you are going strong you can add in a direct merchant payment option, but I would still offer paypal as so many people trust it.

    For this you will need a merchant internet account from a card processor (Ulster bank - streamline/worldpay, Bank of Ireland/elavon or AIB Card services). Then you will also need a gateway provider such as realex or sagepay (all very similar) who will charge about €30/month for up to 350 transactions (still €30 if you just do 20 transactions) + in addition you will pay the merchant bank about 2% (can be lower, but it depends on business)

    Basically, go with Paypal until you are turning about 5k a month online and then look at other avenues.


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