+ Post New Thread
Results 1 to 14 of 14
General Chat Thread, Pay Pal and Fees in General; Hi guys need some advice. I Run a club and we would like to enable booking of camping online, with ...
  1. #1
    Fontayne56's Avatar
    Join Date
    Dec 2008
    Posts
    130
    Thank Post
    17
    Thanked 5 Times in 4 Posts
    Rep Power
    14

    Pay Pal and Fees

    Hi guys need some advice. I Run a club and we would like to enable booking of camping online, with a payment gateway, ie paypal.

    I use paypal for ebay purchases but what are the hidden costs for reciveing money. Theres going to be large quantity of money coming in. And dont want to be ripped off.

    I'm using Joomla at the moment. Can i do this with a Standard Paypal Account. I have the module Nice and Simple Pay pal or somthing like that and it works a treat.

    Whats the best and cheapest way i can recieve money ELP !!



    Many Thanks.

  2. #2

    Michael's Avatar
    Join Date
    Dec 2005
    Location
    Birmingham
    Posts
    9,345
    Thank Post
    242
    Thanked 1,602 Times in 1,278 Posts
    Rep Power
    346
    This should help

  3. #3
    Fontayne56's Avatar
    Join Date
    Dec 2008
    Posts
    130
    Thank Post
    17
    Thanked 5 Times in 4 Posts
    Rep Power
    14
    Brill !! so if i was going to transfer out lets say a thousand pound out to a bank account there is a fee for that to... i cant seem to find these fees.

    Many Thanks

  4. #4

    localzuk's Avatar
    Join Date
    Dec 2006
    Location
    Minehead
    Posts
    18,529
    Thank Post
    527
    Thanked 2,648 Times in 2,049 Posts
    Blog Entries
    24
    Rep Power
    925
    Quote Originally Posted by ryaneveritt View Post
    Brill !! so if i was going to transfer out lets say a thousand pound out to a bank account there is a fee for that to... i cant seem to find these fees.

    Many Thanks
    Transferring money to a bank account doesn't have a fee attached. We use paypal for our school shop here, and transfer money out regularly at no cost.

    Depending on the amounts you're talking about, you may be better off looking at a full merchant account etc... with a bank than with Paypal.

  5. #5


    Join Date
    Sep 2007
    Location
    UK
    Posts
    5,463
    Thank Post
    1,462
    Thanked 892 Times in 573 Posts
    Rep Power
    647
    Google also has a paypal type service. I don't know how the rates compare.

  6. #6

    Michael's Avatar
    Join Date
    Dec 2005
    Location
    Birmingham
    Posts
    9,345
    Thank Post
    242
    Thanked 1,602 Times in 1,278 Posts
    Rep Power
    346
    There are fees for processing transactions and when converting say USD to GBP for example, but there are no fees for moving the money to your bank account.

    Depending on the amounts you're talking about, you may be better off looking at a full merchant account etc... with a bank than with Paypal.
    In my experience I have to disagree with you there. Merchant accounts require you to have a business of some kind, a business bank account, the transaction fees can be higher and there are typically monthly fees of around £20 just for having a merchant account.
    So for example, if you were unfortunate to have little or no business one month you still pay £20.

    PayPal is a true 'pay as you go' system and you're not tied into any contracts. You can do business globally, accept multiple currencies and accept credit/debit cards too. If you compare this to other payment gateway services you'll see what I mean

    Google also has a paypal type service. I don't know how the rates compare.
    When Google Checkout was launched the rates were lower than PayPal and there was a system which credited you for their Adwords system. Google Checkout's rates are now identical to PayPal's.

  7. #7

    localzuk's Avatar
    Join Date
    Dec 2006
    Location
    Minehead
    Posts
    18,529
    Thank Post
    527
    Thanked 2,648 Times in 2,049 Posts
    Blog Entries
    24
    Rep Power
    925
    Quote Originally Posted by Michael View Post
    In my experience I have to disagree with you there. Merchant accounts require you to have a business of some kind, a business bank account, the transaction fees can be higher and there are typically monthly fees of around £20 just for having a merchant account.
    So for example, if you were unfortunate to have little or no business one month you still pay £20.
    The OP said "Theres going to be large quantity of money coming in." If these numbers are large enough, the benefit of a true merchant account may be more obvious. We researched 6 different payment methods here for our site. We only take a few thousand a year in online payments, so paypal came out best, but if we had been taking around £10k a year, a merchant account would have been more cost effective.

    [quote]PayPal is a true 'pay as you go' system and you're not tied into any contracts. You can do business globally, accept multiple currencies and accept credit/debit cards too. If you compare this to other payment gateway services you'll see what I mean

    And as with everything that is pay as you go - for many this can lead to bigger bills than a contract. I did compare it to others, that is why I'm talking about it.

  8. #8

    Michael's Avatar
    Join Date
    Dec 2005
    Location
    Birmingham
    Posts
    9,345
    Thank Post
    242
    Thanked 1,602 Times in 1,278 Posts
    Rep Power
    346
    Well from my point of view (as a business) it's all about managing cash flow. Merchant accounts do require comparatively large setup fees and looking at WorldPay as an example, here and here their advertised transaction fees for Credit Cards are up to a whopping 4.5%.

    This also excludes the setup fees, monthly fees, any additional currency fees and so on. With PayPal I literally pay nothing unless a transaction occurs. It is a much better business model.

  9. #9
    Fontayne56's Avatar
    Join Date
    Dec 2008
    Posts
    130
    Thank Post
    17
    Thanked 5 Times in 4 Posts
    Rep Power
    14
    As we are only a club and this would only happen once a year and we dont want an on going cost.

    I think will try to get my head around paypal . as this seems to be the best setup for us.

    Now i have the method sorted just need a way to give them a booking reference so the girls on the camping gate know they have paid .... How could i do this.

    Many Thanks

  10. #10

    Join Date
    Jul 2006
    Location
    London
    Posts
    2,963
    Thank Post
    160
    Thanked 153 Times in 117 Posts
    Rep Power
    50
    You will lose money with paypal in the charges, though it probably wont be a huge amount. Alternatively you could ask people mark payments as 'gifts' as there is no charge then, however Paypal might get suspicuous about you receiving hundreds of 'gifts'

  11. #11

    Join Date
    Sep 2009
    Posts
    47
    Thank Post
    6
    Thanked 11 Times in 10 Posts
    Rep Power
    12
    Try Google checkout its 3% + 20p charge if you take under £1000 a month.

  12. #12

    localzuk's Avatar
    Join Date
    Dec 2006
    Location
    Minehead
    Posts
    18,529
    Thank Post
    527
    Thanked 2,648 Times in 2,049 Posts
    Blog Entries
    24
    Rep Power
    925
    Quote Originally Posted by rlweb View Post
    Try Google checkout its 3% + 20p charge if you take under £1000 a month.
    The amount is identical to Paypal's amounts now...

  13. #13

    Join Date
    Sep 2009
    Posts
    47
    Thank Post
    6
    Thanked 11 Times in 10 Posts
    Rep Power
    12
    When Google first started if was free for the first 6 months... but now

  14. #14

    powdarrmonkey's Avatar
    Join Date
    Feb 2008
    Location
    Alcester, Warwickshire
    Posts
    4,867
    Thank Post
    412
    Thanked 778 Times in 651 Posts
    Rep Power
    182
    Quote Originally Posted by ryaneveritt View Post
    Now i have the method sorted just need a way to give them a booking reference so the girls on the camping gate know they have paid .... How could i do this.

    Many Thanks
    Use the PayPal transaction ID, which is guaranteed unique.



SHARE:
+ Post New Thread

Similar Threads

  1. [Website] Avoid your late fees.....
    By mattx in forum Jokes/Interweb Things
    Replies: 4
    Last Post: 27th November 2009, 05:04 PM
  2. RBS-NatWest slash overdraft fees
    By cookie_monster in forum General Chat
    Replies: 9
    Last Post: 8th September 2009, 11:27 PM
  3. PAL - Parents as Learners
    By dsm in forum Educational Software
    Replies: 0
    Last Post: 8th June 2009, 05:35 PM
  4. Selling a house and Solicitor Fees
    By penfold in forum General Chat
    Replies: 7
    Last Post: 20th April 2009, 11:02 AM
  5. raising top-up fees, what say thee ?
    By torledo in forum General Chat
    Replies: 25
    Last Post: 18th March 2009, 11:30 AM

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •