Best Merchant account for recursive billing

[KingsandQueens]

Afternoon all,

A quick question does anyone have any recommendations for the best (cheapest) merchant account that will also handle recursive billing. What I’m looking for is capturing card details at sign up and then the merchant debiting the card every month. Any suggestions?

Lee

 

[dx3webs]

Paypal will allow you to take regular payments and you also might want to look at a direct debit service.

 

[Talay]

Some information here in a thread I started http://www.ukbusinessforums.co.uk/forums/showthread.php?t=270941

I still think some of the vendors in this field are one man bands living in a shed in some else's garden so please be aware of potential dodgy dealers until proven otherwise.

 

[Page]

Only paypal that I am aware of - I think you need their pro account

 

[Nochexman]

...A quick question does anyone have any recommendations for the best (cheapest) merchant account that will also handle recursive billing. What I’m looking for is capturing card details at sign up and then the merchant debiting the card every month. Any suggestions?

Lee

Hi Lee.

You will need to be PCI compliant in order to hold card details.

And while I believe PP provide recurring billing, I think they are very selective about who they make it available to, so you would need to build up some trading history, without doing recurring billing, before they - or anyone - would consider your business.

My suggestion would be to avoid considering recurring payments until I'd built up a good trading history with lower risk payment types.

Good luck.
- Peter (I work for Nochex)

 

[andygambles]

Take a look at http://recurly.com/ but you also need a merchant account. Alternative is PayPal or you could go DDB with http://gocardless.com which are very cost effective.

 

[Mustaka]

Try www.iridiumcorp.co.uk

They have recurring billing functionality that you can use from the management console. It allows you to set up automatic repeat billings from a card.

Hope that helps.

 

[alphanumeric]

Barclays ePDQ

 

[Talay]

Take a look at http://recurly.com/ but you also need a merchant account. Alternative is PayPal or you could go DDB with http://gocardless.com which are very cost effective.

I spoke with Go Cardless and it might be a step in the right direction but I am not sure it is the finished article just yet. I also need tom confirm whether they need to run it through a merchant account or whether it can work direct from a regular business account.

Sub £50 @ 1% brings it down as far as the headline 40p/50p offers before bulk discounts but with no set up fees and ongoing fees, it would possibly remain cheaper up until £100 a time.

 

[andygambles]

I spoke with Go Cardless and it might be a step in the right direction but I am not sure it is the finished article just yet. I also need tom confirm whether they need to run it through a merchant account or whether it can work direct from a regular business account.

Sub £50 @ 1% brings it down as far as the headline 40p/50p offers before bulk discounts but with no set up fees and ongoing fees, it would possibly remain cheaper up until £100 a time.

No merchant account needed.