UK Merchant Accounts

[Weirfire]

I'm setting up a Protx account and just wondered if anyone has any advice regarding the different merchant accounts;

Lloyds TSB
Bank Of Scotland
Barclaycard
HSBC
Streamline
American Express
Diners Club
JCB Cards


As I get information about these I'll paste in what I hear about them with figures etc.



So far this is what I've heard about the following accounts;


Bank Of Scotland :

£100 set up
3% per transaction for Credit Cards
40 p per transaction for Debit Cards
£15/month maintenance charge but the Bank of Scotland will make up the difference if you don't meet £15 of transactions



HSBC :

2.9% per transaction
(Other details are fuzzy)

[Dragonkiller]

You might want to have a look at WorldPay too, I use them :)

[mad4]

This site might help:
http://www.electronic-payments.co.uk/index.jsp

[Weirfire]

You might want to have a look at WorldPay too, I use them :)

Thanks but this thread is dedicated to the actual merchant accounts mentioned above as Protx are an approved payment solutions provider for them.

[Weirfire]

This site might help:
http://www.electronic-payments.co.uk/index.jsp

Thanks but I'm looking for specific advantages and disadvantages of setting up merchant accounts with the banks which are in conjuction with this particular payment service provider (PSP).

http://www.electronic-payments.co.uk/Products/protx/data_sheet.jsp

I cannot see any specific information on the merchant accounts that need set up for a Protx account.


The sort of information I'm looking for is;

- Speed of payment to your own bank
- Cost per transaction
- Customer Service
- Set up fee
- Monthly charges



As a PSP Protx proves to be one of the cheapest and reliable services around. It costs £20/month with no other costs. They have a deal on at the moment where you can set up an account and pay £150 for a year (offer ends August 31st) I am indeed also affiliated with this company because I love their system and believe it to be one of the best around. If I've convinced you that it's a good system to use please ask me for the referral link. :)


I've found the only disadvantages of this system is that because they are slightly smaller than some of the major PSPs they are susceptible to DDOS attacks and other PSPs such as HSBC with huge resources can handle the load.

Anyway, the purpose of this thread is to analyse the various merchant accounts displayed above so I won't go off track. :)

[DarrenC]

Weirfire, ask at ukbusinessforums.co.uk tons of business people who will have used these merchant accounts.

[Weirfire]

Thanks Darren. I'll do that now! :)

[yfs1]

Thanks but this thread is dedicated to the actual merchant accounts mentioned above as Protx are an approved payment solutions provider for them.

You got my IMs but just for the record, Worldpay also acts as a Merchant Account for most countries