[LRUG] Recurring Payments and subscriptions

[Anthony Eden]

It seems significantly more difficult to get all of this to work together in
the UK (and possibly the EU as a whole) than in the US. I was able to set up
a merchant account + Authorize.net + Chargify in the US in about 3 weeks
total, and most of that was just waiting for approval from the merchant
account.

Sincerely,
Anthony Eden

On Fri, Jan 28, 2011 at 4:01 PM, Paul Wilson <merecomplists01 at googlemail.com
> wrote:

>
> On 28 Jan 2011, at 14:38, Zach Inglis wrote:
>
> > We were going to do a similar setup, except we're doing it with Lloyds
> and it's proving to be a nightmare.
>
> This is making me cross, in a write to my MP kind of way.
>
> >
> > They are suggesting they do not recognise Recurly as a safe company even
> though they are PCI Compliant. You may have the same problems with HSBC so
> do check before you invest too much money. Because this is a new company,
> we're unfortunately having to deposit £10,000 also as backup payment. You
> may find yourself in the same boat if you have no trading history.
> >
>
> Thanks for the warning.  It's something I'll check for.  Is that with
> Recurly + SagePay, or are you using a different payment gateway?
>
> Having read
>
> http://danieltenner.com/posts/0006-how-to-get-a-merchant-account.html
> and
>
> http://blog.boxedice.com/2009/05/20/taking-payments-online-merchant-account-payment-processor-fees/
>
> I'm going to try a number of banks, and also see about joining The
> Federation of Small Businesses(*), as may people are suggesting that their
> Merchant Account discounts are worthwhile.
>
>
> (*) http://www.fsb.org.uk/  (Cheesy website warning).
>
>
> > The number one advice I have always got when building startups was "Don't
> roll your own billing system" by the way.
> >
>
>
> Probably good advice.  Right now, we're planning to launch with a
> non-subscription based model - that way we can use PayPal (etc...) standard
> and we're not locked in to an account or gateway.  Oh hum.
>
>
> --
> Paul
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>



-- 
http://anthonyeden.com | twitter: @aeden | skype: anthonyeden
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