Hi Guys here!

I came across this company: http://www.protx.com/default.asp, they seem to have better deal them WorldPay. They do not charge initial setup fee, and provide the service to those who doesn’t have Bank merchant account as well.

I was wondering if any one based in the UK is using their service to process credit card online, if so could you please give a little comment?

Thanks in advance.

No one ever heard of this site?

that is truly dirt cheap. if theres no bad press on here i'll probably go with them. hehe, and hopefully won't be the one posting bad press :)

you have to get a merchant number from the bank, do they cost money?

Hi there

most UK banks charge an initial set up fee for a merchant account, and will also require you to have (typically) two years complete records of trading. They may ask for security, and typically wont allow you to have a cardholder not present (ie internet/phone) merchant account straight off. After that, they charge a set fee of a % of credit card transactions, and a fixed fee of XX pence per debit card transaction. They will also almost certainly require you to rent a POS terminal off them (one of those swipe your card things) and I think those are typically in the region of £20-£30 per month.

All in all - if you take a lot of money per month through cards (or believe you are likely to) - it does represent a very cheap way to do business, but if the volume is likely to be low, or you're a relatively new business it's probably going to be ruled out from the start. Banks are becoming more accommodating though - so it's worth asking the question. One more quick thing, quite a few banks now offer their own clearing process online - which may even undercut the service you mention above - worth checking to be sure....

hth

Sam

tazd9t9 they seem to have an alternative solution for those without Bank merchant account!! Check out this text found in their home page:

-------------------------------------------------------
With protx vsp there are a number of e-payment solutions designed to meet the needs of internet merchants, large and small. Whether a merchant chooses for protx to handle the entire transaction including data protection or just the authorisation with the bank - we have the solution.
--------------------------------------------------------

I'll give them a phone call tomorrow to get more details; also getting merchant account is not as dificult as it use to be.

I enquired to Lloyds & TSB CARDNET service this morning and here are the basic requirements:

- SETUP FEE: £250
- CHARGES FOR INTERNATIONAL CARDS: 3.25%
- DEBIT CARDS: £0.40P/ transaction
- They should earn no less than £25/mo with all your transaction.

Recommended third party service:
http://www.protx.com/default.asp

Let's keep on digging :-)

what that paragraph means is they will deal with collecting the CC information on a secure server for you, or not - the choice is yours - but you're going to need a merchant account either way. Good luck with it! :)

Sam

sitecreator , let me know if they tell u anything interesting.... my email is tazd9t9@aol.com