Searching for merchant account

[PatchworkRabbit]

Is it normal to be asked to pay the "setup fee" BEFORE approval is given?

[Mike Hughes]

I wouldn't have thought so, although there probably would be an 'application fee' in advance.

Have you talked to a few suppliers? What do they say?

Mike

[Duncan Rounding]

If you're an FSB member you could consider Streamline - no set up fees and reduced rates.

[PatchworkRabbit]

I've spoken to a few, who've all mentioned a fee, but one of them specifically says it's payable in advance (£99!) with no refund for a failed application. That's with Voice Transact. Might give them a miss.

Not a member of FSB yet. Business is only really now getting good enough to support the membership fee


I'm now looking at Alliance & Leicester (Elavon) who charge £20 a month, but that includes transaction fees (1.7% and 18p), coupled with Actinic Payments for £100 p.a. (including 800 transactions p.a.) Seems the cheapest option at the moment. I bank with A&L already so hoping that will support my app.

Need confirmation that they're compatible (Actinic website seems to lead to that conclusion) before committing.

[Goz]

Join the FSB - http://www.fsb.org.uk/rates

£120 annual fee + £30 registration to join. Free Streamline IMA. Plus plenty of other benefits.