Kev, Do you mind sharing the cost-structure, etc with the NAB deal? I've heard they have ask to hold back a significant amount - 5 figures - to cover themselves against charge-back risk, and that the % they charge on the transactions is also pretty rough.
I'd love to know myself, but I've filled in the online form at NAB, and also called the merchant sales team (having been promised a call back in 3 days), but that is getting on two months ago now. Shameful really. Any light you can shed would be appreciated... Geoff -----Original Message----- From: silicon-beach-australia@googlegroups.com [mailto:silicon-beach-austra...@googlegroups.com] On Behalf Of Kev Sent: Sunday, 8 August 2010 2:13 AM To: Silicon Beach Australia Subject: [SiliconBeach] Re: Accepting USD Payments on Australian Business Website Sorry to dig up an old thread but wanted to share our experience. With one of our products it is primarily subscription based and targeted at the US market in large part. We too went exploring all the options and came to similar conclusions as you folk with respect to options. We went down the NAB route and it was a bit of a hard slog getting it through - literally took about 3 months - but the good news is once it was set-up all has been running well, with acceptance of $US Visa, Mastercard and Amex (set up separately). A barrier to selling to the international markets that obviously is not faced in the USA. It is a shame there is not more competition in this area. It is not only the tech area that suffers. I have a friend who has a fashion business and buys and sells in Australia and in the Far East - she is constantly struggling with payment options and often resorts to just dealing in cash!!! There really is a general opportunity for an AU bank to be start-up friendly and aware - with provision of relevant products - they sure would win my business. Kevin -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Guidelines on discussion: http://tr.im/ujKF No lurkers! It is expected that you introduce yourself: http://tr.im/ujMm To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Guidelines on discussion: http://tr.im/ujKF No lurkers! It is expected that you introduce yourself: http://tr.im/ujMm To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en
