On Thu, 18 Sep 2003, Sam Vilain wrote: > > For new businesses though other banks tend not to offer the service > > without very large bonds, if at all. > > I didn't have £5,000 to £10,000 to give to the bank for this. > > I know of a company who were charged a £500,000 deposit for their > merchant account. Probably to do with their turnover and market > though. From what I understand that's the rough price of a payment > gateway where you only get charged 2.5%.
Online transactions always attract premium charges even though there seems to be little or not evidence to support claims that there is a higher risk of fraud. Internet merchants also seem to be required to pay higher deposits. > But you still get stung £25 for chargebacks. I cannot remember what worldpay charge for them. I avoid them by the simple expedient of checking all transactions and refunding those that seem dodgy - two in the past 18 months of trading with a total value of about £4.00. Jason Clifford -- UKFSN.ORG Finance Free Software while you surf the 'net http://www.ukfsn.org/ ADSL Broadband available now
