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Which Payment Gateway to Use?

Things to know

  • What does it cost to open an account?
  • What do they charge per transaction?
  • Is it easy to integrate & configure?
  • Are they well reported on?

 

What is it going to cost to open an account?
Paypal : Free to set up an account
Google Checkout: Free to set up an account
Worldpay: Setup fee from around £200 + VAT
Sagepay: Free to set up an account
2CheckOut: Free to set up an account

 

What are the fee rates?
Each of these gateways have different charges and transaction rates, which are listed below. All figures were correct at the time of publishing.


Paypal : https://www.paypal.com/uk/cgi-bin/webscr?cmd=_display-fees-outside

Purchase payments received (monthly) Fee per transaction
£0.00 GBP - £1,500.00 GBP 3.4% + £0.20 GBP
£1,500.01 GBP - £6,000.00 GBP 2.9% + £0.20 GBP
£6,000.01 GBP - £15,000.00 GBP 2.4% + £0.20 GBP
£15,000.01 GBP - £55,000.00 GBP 1.9% + £0.20 GBP
above £55,000.00 GBP* 1.4% + £0.20 GBP


Google Checkout: http://checkout.google.com/seller/fees.html?gl=GB

Monthly Sales Fees Per Transaction
Less than £1500 3.4% + £0.20
£1500 - £5999.99 2.9% + £0.20
£6000 - £14999.99 2.4% + £0.20
£15000 - £54999.99 1.9% + £0.20
£55000 or more 1.4% + £0.20

An additional 1% fee will be assessed on transactions where the merchant's country is different from the buyer's billing country.


Worldpay:

Monthly fee : £30.00
Credit / debit card transaction fees : 4.5%
WorldAlert Fraud Checking : 6p
Remittance fee : 35p
WorldAccess Virtual Terminal setup (optional) : £100.00
FuturePay Repeat Billing setup (optional) : £100.00 (one time setup fee)
Additional currencies (optional) :

£50.00 each


Sagepay: http://www.sagepay.com/online-payments

Number of transactions (per quarter) Price
0 - 1000 £25 per month
1000 + 10p/transaction
(Minimum of £25 per month)

 


2CheckOut:

3.99% + $0.45 per transaction
$5.99 monthly fee

 


Is your chosen gateway easy to configure?
Data for this subheading is currently being compiled. Check back soon.

 


Does your chosen gateway have a good reputation?
Please note that the details here are not the opinion of UkEcommerce.com or of it's employees. This data has simply been gathered from existing genuine customer ratings.

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