Hi All, We've been live with Braintree + NAB for over a month now - having successfully processed 500+ transactions.
>From an administration perspective, the set up process was a bit drawn out and painful. But then we were one of the first few companies to get setup and I've been told everything is now better streamlined. The main reason we switched was Worldpay would not budge on their rates. In the early days when you're not billing too much, higher rates have minimal impact on the bottom line. But as your billings increase, one day you wake up and suddenly realize that the higher fees you're paying is the equivalent to your next hire's wage... Then the issue with PayPal was that we would also get hit with their currency conversion fee whenever we wanted to draw down from $USD transactions into our $AUD account. So in total charges from PayPal were always more than the 2.4% often quoted. A big plus with the NAB + Braintree solution is that the NAB account is a $USD account. So for WORK[etc] where most of my costs were in $USD, we were losing on the currency conversion coming into the $AUD account and then again on the way out as we paid suppliers in $USD. All the little charges here and there add up pretty quickly. If anyone has any questions, or wants a point of contact, please feel free to write me direct at daniel/////at///////worketc.com On Sunday, 9 December 2012 09:21:13 UTC+11, blindman2k wrote: > > Braintree's costs are: > "Total costs are typically around 2.25 to 3% of the transaction for > standard cards, and 3.25 to 3.75% for rewards cards." > > Paypal's costs are: > "a small transaction fee of 2.4% of the total sale plus a fixed fee of > $0.30 will be taken from your received funds" > > We get the full stack from NAB Transact for an average fee of about 1.5%. > > NAB is cheaper but I suspect harder to get and doesn't have all the > features of the others. But what is the advantage of Braintree over Paypal? > > A. > > > On Saturday, December 8, 2012 11:39:46 AM UTC+11, Jonathan Maddison wrote: >> >> Also BrainTree <https://www.braintreepayments.com/> is now available in >> Aus. It's a full stack solution so you only have the MC/Visa interchange >> fees plus the BrainTree rates. >> >> Way easier than having to set up a separate merchant account, gateway and >> subscription layer. >> >> On Thursday, March 29, 2012 11:05:22 AM UTC+11, Yohan Dantan wrote: >>> >>> Hi All, >>> >>> I was wondering what was the best way to go about setting up an online >>> recurring billing capabailities for a new start up? >>> >>> There are apparently three essentials to do this: >>> >>> 1. Merchant Account - with an Australian Bank >>> 2. Payment Gateway - like Paypal Payflow or Eway >>> 3. Payment servicing software - like Recurly or Cheddargetter >>> >>> However, each of these layers take a cut out of that transaction, and >>> when you add up the monthly fees, transaction percentage costs, set up >>> fees and other transaction fees from each layer it really adds up! >>> >>> In the US and Canada, Recurly and Cheddargetter bypass the Payment >>> gateway with their own FREE gateway. >>> >>> Surely there must be some better solutions for start ups in Australia? >>> >>> /yo >> >> -- -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] 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 Google Groups "Silicon Beach Australia" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/groups/opt_out.
