Yes I'm interested too. If there was a get-together to talk about this
issue, I'd come along.

Frances
http://twitter.com/franciejones

On Sun, Aug 8, 2010 at 7:59 AM, Geoff McQueen - Hiive Systems <
geoff.mcqu...@hiivesystems.com> wrote:

> 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
>
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