Reliable and affordable eCommerce payment gateways.

The choice of a reliable and affordable payment gateway provider for your e-Commerce business remains yours but we can offer advice and guidance to help you decide.

There are so many variables that need to be taken into account when comparing the offers from competing payment gateway providers. Some have set up fees or monthly service fees, others have a minimum monthly charge, while others have a sliding scale of transaction charges so the more turnover processed by their payment gateway the lower the fees you are charged.

With so many variables it is impossible to provide an accurate comparison without a detailed knowledge of your business (average transaction value, seasonal sales variance, turnover projections etc.). As part of our reliable and affordable e-Commerce solution we can prepare a more detailed comparison tailored specifically for your business. The table below has been produced to act as a general guide so that you can prepare a budget for your e-commerce project.

Cost Comparison of Payment Gateway Providers

	Netbanx	Nochex	PayPal	PayPal Pro	Google
General Charges & Conditions
Set up fees	£100	£50	£0	£0	£0
Monthly service fee	No	No	No	£20	No
Minimum monthly charge	£20	£0	£0	£0	£0
Minimum contract	12 months	12 months	12 months	12 months	12 months
Top line Transaction Fees
Credit Cards	1.9% + 20p	2.9% + 20p	3.4% + 20p	3.4% + 20p	3.4% + 20p
Debit Cards	45p	2.9% + 20p	3.4% + 20p	3.4% + 20p	3.4% + 20p
Your Business Turnover and estimated first year costs (excludes set up fees)
Estimated £1,200 pa	£240	£83	£89	£329	£89
Estimated £2,400 pa	£240	£166	£178	£418	£178
Estimated £3,600 pa	£296	£248	£266	£506	£266
Estimated £4.800 pa	£395	£331	£355	£595	£355
Estimated £6,000 pa	£494	£414	£444	£684	£444
Estimated £7,200 pa	£592	£497	£533	£773	£533
Estimated £8,400 pa	£691	£580	£622	£862	£622
Estimated £9,600 pa	£790	£662	£710	£950	£710
Estimated £10,800 pa	£888	£745	£799	£1,039	£799
Estimated £12,000 pa	£987	£828	£888	£1,128	£888
Estimated £14,400 pa	£1,184	£994	£1,066	£1,306	£1,066
Estimated £18,000 pa	£1,481	£1,152	£1,242	£1,482	£1,242
Estimated £21,000 pa	£1,727	£1,344	£1,449	£1,689	£1,449
Estimated £24,000 pa	£1,974	£1,536	£1,656	£1,896	£1,656
Estimated £72,000 pa	£5,922	£4,608	£4,608	£4,848	£4,608
Estimated £180,000 pa	£14,805	£11,520	£10,620	£10,860	£10,620

 

The following assumptions have been made to calculate the price comparison table above:

• Sales are spread evenly across twelve months (i.e. no seasonal weighting)
• The average cost of each transaction is £5
• 75% of transactions will be by debit card and 25% by credit card.

 

The following conditions have been taken into account:

• PayPal and Google Checkout transaction fees are both on a sliding scale. They do not become considerably cheaper until your business has a turnover in excess of £15,000 per month.
• Netbanx have a minimum charge of £20 per month.
• PayPal Pro has a £20 monthly service fee.