Here’s more a reminder to myself and all figures are based off “base rates” currently provided by the various Payment gateways. Check the figures yourself before using them as they may have changed. I can’t accept any liability for how you use this information.
Paypal charge a fixed fee of £0.20 and 3.4% of each transaction. To figure out the gross figure from the net, use the formula: (net+0.20)/(1-(3.4/100)).
Click and Buy charge a fixed fee of £0.35 and 1.9% of each transaction.
Google Checkout charges a fixed fee of £0.15 and 1.5% of each transaction.
NoChex’s Seller Account charges a fixed fee of £0.20 and 2.9% of each transaction.
Worldpay IMA charges a fixed fee of £0.15 and 3.35% of each transaction (along with a £15 monthly fee and £75 setup fee) [note this is for their current “New Business Deal”, normally they charge £30 per month with a £200 setup fee and £4.50% on credit/charge cards and a flat £0.50 on UK Debit Cards: along with £0.06 per transaction for Fraud Detection]
SecureTrading charges 3.29% on each transaction (subject to a minimum fee of £15 per month with a further £15 per month service fee and a one-off setup fee of £300)
The highest fixed fee is ClickAndBuy at £0.35 (lowest is Google Checkout and Worldpay at £0.15) and the highest percentage is Paypal at 3.4% (lowest is Google Checkout at 1.5%)
To accept £10 via them, you would need to charge:
ClickAndBuy: £10.55
Paypal: £10.56
Google Checkout: £10.30
NoChex: £10.50
Worldpay: £10.50
To accept £100 via them, you would need to charge:
ClickAndBuy: £102.29
Paypal: £103.73
Google Checkout: £101.68
NoChex: £103.19
Worldpay: £103.62
3 Comments
Not any more. Google are increasing fees in May 2009 in line with PayPal’s.
What a disappointment!!
[…] to launch a new e-commerce site hoping to utilise Google Checkout and the benefits it offered (the previously discussed lower fees than Paypal and those fees could be reduced to zero by advertising on Google). But no […]
very interesting. good stuff.
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