Hi Jez Pin is a different model, with Pin you don't have a gateway account with the bank and you don't pay those fees. Pin will do a standard bank transfer into your account. The only little issue there's a 10 day delay on payment.
Overall I think Pin is underrated. On Friday, February 21, 2014, Jez <mailbox...@optusnet.com.au> wrote: > Thanks Susan and Michael. > Ill check out both options but my understanding is the bank (NAB) being > the issue. The software options with Stripe and others to provide recurring > seem fine, as does Braintree and eWay, but ultimately we are subject to the > application hitting the bank's desk via the provider we select. For example > I spoke to eWay and Braintree and all can be done - BUT - the supporting > bank they use is likely to knock back the per annum option. Sorry I just > want to clarify the difference. As I dont see the issue with what can be > done via PIN, Stripe, eWay or Braintree - but the ultimate gatekeeper > appears to be the NAB (in this case) and they again told me today is > unlikely *any *company would be approved for per annum subs. They also > told me that if I applied via eWay or Braintree, that application will end > up on their desk ultimately, and most likely knocked back. Irrespective of > us having traded with per annum subs for 10 years. > > If Stripe or PIN are different to this I will certainly check them out > again. Thanks. > > On Thursday, February 20, 2014 9:39:34 PM UTC+11, Susan Wu wrote: >> >> Hi Jeremy, >> >> It sounds like Stripe might be a good solution for you - not only do we >> provide the easiest to use API on the market, but we've also got a full >> subscriptions API too which will allow you to set up recurring >> subscriptions billing on a yearly basis. >> >> If you need any other help, please feel free to email me or >> sup...@stripe.com (there's a team of smart people available who are >> happy to help you get started). >> >> Cheers, >> Susan >> >> On Thursday, February 20, 2014 9:18:11 PM UTC+11, Jez wrote: >>> >>> Hi there, >>> Not sure if anyone has conversed with the NAB about recurring billing of >>> late, but I was told today (three separate phone calls) that they want us >>> to sell monthly subscriptions only. I was told categorically it will be >>> highly unlikely we can sell our software as a per annum subscription. >>> Our software is installed client side due to the cohort of users we >>> have. They are often in remote places without internet. Hence the per annum >>> subscription. >>> We are an existing NAB client but was considering a change from PayFlow >>> Link to EWay or a full stack solution like Braintree, hence the call to the >>> NAB for advice. This change in service apparently results in a new >>> application to the NAB, despite us having sold our software successfully >>> like this for the past ten years - with them! >>> >>> NAB further stated... we must put up a large deposit to cover any recall >>> from the customer. They dont want to carry a risk over 365 days. However >>> one month is OK. They said it is a result of a new NAB policy in this area. >>> In essence this will kill our business as we cant re-engineer to cater >>> for monthly activation checks on the subscription. Therefore we will have >>> to stay put with our current (time consuming) ecommerce solution. >>> There does appear to be a surge in offering per annum subs now, but >>> obviously not in Australia where the NAB are involved. >>> >>> This was a complete surprise to us and I am wondering if others were >>> aware of this or had solutions around it? All we want to do is sell our >>> product from our own website as a per annum subscription. >>> >>> Appreciate your thoughts, >>> >>> Jeremy >>> >> -- > -- > 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. 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