Domain Manage

Quick Question...

Discussion in 'General Board' started by .co.uk, Jun 3, 2005.

Thread Status:
Not open for further replies.
  1. .co.uk United Kingdom

    .co.uk Active Member

    Joined:
    Nov 2004
    Posts:
    304
    Likes Received:
    1
    I'm soon going to start a business.
    To keep costs to a minimum and get above competitors...I'm thinking of ONLY accepting cheques for my goods.
    I know this sounds stone age/drastic but I can pass on the savings I won't incur with a merchant account to my customers and quite easily undercut the competitors.

    I know cheques slow sales down but they'll be getting the savings and once started....they can just order a week in advance in future!!

    Acceptable plan?...or a non-starter?

    Opinions appreciated, guys/gals!

    .co.uk
    ---------------
     
  2. Domain Forum

    Acorn Domains Elite Member

    Joined:
    1999
    Messages:
    Many
    Likes Received:
    Lots
     
  3. admin Spain

    admin Administrator Staff Member

    Joined:
    Jun 2004
    Posts:
    10,083
    Likes Received:
    115
    If online payment is an option you could use Pay Pal as an easy way to accept payments by credit card. Sure they take their cut per transaction but then you dont have to go through the hastle of getting merchant agreements and processing the transactions yourself. You can set up pay pal buttons with present goods descriptions and amounts. You can also transfer funds from your Pay Pal account to your bank account for no cost.

    If your business is online then I can't see many people writing out cheques. I haven't written one for years!
     
  4. .co.uk United Kingdom

    .co.uk Active Member

    Joined:
    Nov 2004
    Posts:
    304
    Likes Received:
    1
    Hi Admin,
    It will be on and offline.
    I have thought of PayPal.
    But don't they charge the buyer extra as well?
    I bought a domain through Sedo and if I remember correctly...I had the pay 3.something% extra to PayPal.

    Getting a merchant account would probably not be a problem (except with a high street bank as I'm just starting out.

    I suppose having no online payment option is probably not realistic.

    Know of any good merchant account providers (not high st. banks)?

    .co.uk
    ------------------
     
  5. grantw United Kingdom

    grantw Well-Known Member

    Joined:
    Mar 2005
    Posts:
    4,649
    Likes Received:
    82
    Use nochex, they basically act as a payment gateway if you have a sellers account - people can pay you by credit card without being a nochex member and they dont force your customers to sign up with them (like w*nk paypal does). They dont charge the payer a fee but you will be charged a % on each transaction.

    Grant
     
  6. .co.uk United Kingdom

    .co.uk Active Member

    Joined:
    Nov 2004
    Posts:
    304
    Likes Received:
    1
    Thanks Grantw,

    I'll check them out! :razz:

    .co.uk
    ----------------
     
  7. dominion

    dominion Member

    Joined:
    Aug 2004
    Posts:
    16
    Likes Received:
    0
    Check thier forum at http://greenroom.nochex.com/ a few grumbles in the "Complaints" section.

    Also, none members can only pay you upto £100 per day, if they sign up with nochex then they are still limited to £300 per day. Depends what you are selling.
     
  8. grantw United Kingdom

    grantw Well-Known Member

    Joined:
    Mar 2005
    Posts:
    4,649
    Likes Received:
    82
    Once youve had a few sales you can up the daily limit for non members to £300 per day. Ive not had any problems at all I do use it with an oscommerce site though so the nochex integration was all done for me.

    grant
     
  9. .co.uk United Kingdom

    .co.uk Active Member

    Joined:
    Nov 2004
    Posts:
    304
    Likes Received:
    1
    A good percentage of my goods are over £100. :-|
    I might just focus on offline and see how it goes!

    .co.uk
    ----------------
     
  10. gromy

    gromy Member

    Joined:
    Mar 2005
    Posts:
    26
    Likes Received:
    0
    An eNom reseller account can be funded via PayPal or Credit Card with a 3% fee of the amount sent subtracted; or using cheque or wire with no fee. I have delt with a couple other companies that do this as well.

    I suggest giving the buyer as many payment options as possible. This way you would not force buyers to order a week in advance as you said earlier.

    Ryan
     
  11. grantw United Kingdom

    grantw Well-Known Member

    Joined:
    Mar 2005
    Posts:
    4,649
    Likes Received:
    82
  12. .co.uk United Kingdom

    .co.uk Active Member

    Joined:
    Nov 2004
    Posts:
    304
    Likes Received:
    1
    Thanks Guys,
    For the moment I'm going to see how I get on offline.
    Delivery and merchant account costs will make me less competitive.
    As it stands I can under cut them all.


    .co.uk
    -----------------
     
Thread Status:
Not open for further replies.

Share This Page