E-Commerce Payments PDF Print E-mail
E-commerce always requires some sort of payment facility. Typically a site will offer 2 payment types: Credit card and or Cheque. You can specify more types depending on the nature of your business.

How do I get the payment from the customer into my bank account securely?

To do this you must engage a credit card processing company that will process some or all of the following card types for you.

Visa, MasterCard, American Express, Laser, Swift and JCB


Credit card processing systems with which we integrate are: Realex, WorldPay and PayPal.

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Below is an indicative list of the charges each company levies on each transaction and their yearly maintenance fee. Depending on the volume of trade and the average unit sale value, you decide which one suits your business model best. Some processors will require a float to be kept where the articles being sold are likely to be at risk from online fraud.

Processing company

 

 Set up Yearly fee Average per transaction charge Multi currency remit Processes card on your secure site Remit to your bank Refund charge All cards
World Pay 250 250 5% Yes No Yes 35 No*
Paypal 0 0 5% Yes No Yes 1 No*
Realex 250 0 50 euro for 100 transactions per month. Min charge of 50 euro per month. 3D secure payments incur 8c extra per transaction. No Yes Yes 1 Yes*

* Please note:
WorldPay do not accept Amercian Express cards for Ireland
Paypal do not accept Laser Cards
Realex charge per transaction regardless of value

Please note further: Realex is a conduit processor, you still need a merchant account with your bank for processing credit cards. There will be a percentage deducted by the credit card company for the transaction. The advantage of realex is the client never leaves your site to make the payment and realex collect these payments and batch them to the bank once a day.

3D secure adds a level of security for the merchant where they are not held liable for charge backs on fraudulent cards. It is the equivalent of Chip and Pin for the web. Ideal for big ticket high risk items such as jewelry and Electrical goods

Bank of Ireland, AIB and Ulster Bank are the only Irish banks that will setup merchant credit card accounts.
 
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