[LRUG] Recurring Payments and subscriptions
Jason Green
jason.green at nogeek.org
Fri Jan 28 07:13:33 PST 2011
Maybe I am missing the point here, but why not use paypal, or google checkout (if you don't need recurring)?
Paypal does recurring: https://www.paypal.com/uk/cgi-bin/webscr?cmd=p/xcl/rec/subscr-intro-outside and also micro-payments.
When you get to the stage that paypals' 5% is loosing you more than it would cost to implement a proper payment gateway, the company bank account would be showing a healthy enough balance and history to get verified / credit checked.
Jason Green
http://www.dynamic50.com
On 28 Jan 2011, at 15:07, Anthony Eden wrote:
> 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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