Quote:
Originally posted by Darren
Ok I have spoke with Jason and Netbilling...
Overall it comes out at 55 cents per transaction with scrubbing with ccbill then 7.5% for bank and then Jasons fees. Now this is higher than our USA counterparts and I was wondering who here as successfully set all this up and are seeing an increase because of this?
There is also a 1 thousand pound setup fee, $25 a mnth ongoing for Netbilling and $199 setup fee for netbilling...
I have been looking around and there are a lot cheaper offshore banks which would do the same as Jason from UkEcommerce but Netbilling does not support them....
so comments and opinions please!
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What are the complete fees exactly - Using UkEcommerce?
Merchant Account / Bank: 2.5% (without reserve)
Netbilling: 1.5% + $1.05 per transaction (including 24/7 customer suppot + scrub control)
UkEcommerce fees: ???
On a $30 membership, netbilling takes 5% total, bank 2.5% and uk?
... for a total of about 9% + you should get 10%+ more sales with the scrubbing
Overall, if you consider a 3rd party processor is 15% you save 6% + 10% = 16% more sales w/ a merchant.
We are looking to get an IBC company in Cyprus. If we can get a UK merchant account with a Cyprus (european) company, we will save another 15-20% on taxes with the tax treaties between Canada and Cyprus.