Hey Jez, I can empathise with the confusion merchant applications can present at times, but I can confidently say Pin Payments can support your and have countless customers using our platform to do exactly this. We settle the funds into any bank account, thus the requirement for your typical merchant account application process isn't there.
Would be happy to chat. Chris (ch...@pin.net.au). On Fri, Feb 21, 2014 at 9:57 AM, 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. You can use http://siliconbeachaustralia.org/jobs > > > 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 a topic in the > Google Groups "Silicon Beach Australia" group. > To unsubscribe from this topic, visit > https://groups.google.com/d/topic/silicon-beach-australia/pclxsi_3kHc/unsubscribe > . > To unsubscribe from this group and all its topics, send an email to > silicon-beach-australia+unsubscr...@googlegroups.com. > For more options, visit https://groups.google.com/groups/opt_out. > -- -- Pin Payments | www.pin.net.au 4/51 Queen Street, Melbourne VIC 3000 ch...@pin.net.au | +61 3 9988 2829 -- -- 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 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 Google Groups "Silicon Beach Australia" group. To unsubscribe from this group and stop receiving emails from it, send an email to silicon-beach-australia+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/groups/opt_out.
