On 27/03/2011 21:47, Justin C wrote: ...
It probably helped that I was changing banks at the time it was set up and HSBC, which has been my personal bank ever since it took over Midland, had been on at me to take my business there for years. However, as you say, 2% is a relatively high rate for card handling through a Merchant account, but it is a lot cheaper than PayPal and it allows me to take telephone orders from new customers who want the goods tomorrow. Of course, if people pay by VISA Debit, Maestro or a couple of other cards, I do much better, as they simply have a fee of 25p per transaction.
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I had to do it for an online retail business that I sold when I decided almost to retire - the business I have kept on only takes up a few hours a week. It is the reason my web site does not take payments online.
Colin Bignell