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Please note that manual credit card processing is no longer an option for most small businesses.
Set Up Fees
Payment Processing Set Up Fees
The following are the set up fees for each of the payment processing options described above.
| Internet Banking - Set Up Fees | |
| Just the cost of adding your bank account number to your web site | |
| Manual Credit Card Processing Set Up Fees | |
| Credit Card Merchant Account | $ 200.00 |
| Paystation - Set Up Fees | |
| Credit Card Merchant Account | $ 200.00 |
| Paystation Set Up Fee | $ 200.00 |
| Paymate Set Up Fee | |
| None | |
| PayPal Set Up Fees | |
| None | |
Credit Card Merchant Account - the fee charged by the bank to set up your credit card merchant account.
Paystation Set Up Fee - the fee charged by Paystation for setting up the real time payment gateway.
After selecting the right payment processing option, you'll also need either the Anyware Shopping Cart or One Off Payment system. Add this set up fee to the option you've chosen above.
| Anyware Shopping Cart | $ 500.00 |
| Anyware One Off Payments | $ 300.00 |
Monthly Fees
The following are the monthly fees for each of the payment processing options described above.Each of the options below includes an example of costs for 4 different monthly order volumes to help you estimate your costs both short term and long term. The examples include the monthly cost for Anyware's shopping cart or One Off Payment System, so you can see the total monthly cost for taking orders and processing payments. Monthly web hosting fees are not included.
Internet Banking - Monthly Fees
| Monthly Total | # Transactions | Bank Fee | Anyware | Total |
| $ 100.00 | 3 | $ 1.50 | $ 5.00 | $ 6.50 |
| $ 700.00 | 14 | $ 7.00 | $ 35.00 | $ 42.00 |
| $ 5,000.00 | 45 | $ 22.50 | $ 95.00 | $ 117.50 |
| $ 20,000.00 | 200 | $ 100.00 | $ 95.00 | $ 195.00 |
Manual Credit Card Processing
| Monthly Total | # Transactions | Bank % | Bank Fee | Anyware | Total |
| $ 100.00 | 3 | 8.90% | $ 15.00 | $ 5.00 | $ 20.00 |
| $ 700.00 | 14 | 7.15% | $ 50.05 | $ 35.00 | $ 85.05 |
| $ 5,000.00 | 45 | 3.95% | $ 197.50 | $ 95.00 | $ 292.50 |
| $ 20,000.00 | 200 | 3.40% | $ 680.00 | $ 95.00 | $ 775.00 |
Paystation & EFTPOS Credit Card Processing
| Monthly Total | # Transactions | Bank % | Bank Fee | ETSL | Paystation | Anyware | Total |
| $ 100.00 | 3 | 5.90% | $ 15.00 | $ 10.00 | $ 10.00 | $ 5.00 | $ 40.00 |
| $ 700.00 | 14 | 5.30% | $ 37.10 | $ 10.00 | $ 10.00 | $ 35.00 | $ 92.10 |
| $ 5,000.00 | 45 | 3.00% | $ 150.00 | $ 10.00 | $ 10.00 | $ 95.00 | $ 265.00 |
| $ 20,000.00 | 200 | 2.75% | $ 550.00 | $ 10.00 | $ 20.00 | $ 95.00 | $ 675.00 |
Paymate Credit Card Processing
| Monthly Total | # Transactions | Paymate % | Paymate Fee | Anyware | Total |
| $ 100.00 | 3 | 3.00% | $ 4.50 | $ 5.00 | $ 9.50 |
| $ 700.00 | 14 | 3.00% | $ 28.00 | $ 35.00 | $ 63.00 |
| $ 5,000.00 | 45 | 3.00% | $ 172.50 | $ 95.00 | $ 267.50 |
| $ 20,000.00 | 200 | 3.00% | $ 700.00 | $ 95.00 | $ 795.00 |
PayPal Credit Card Processing
| Monthly Total | # Transactions | PayPal % | PayPal Fee | Anyware | Total |
| $ 100.00 | 3 | 2.90% | $ 4.07 | $ 5.00 | $ 9.07 |
| $ 700.00 | 14 | 2.90% | $ 25.76 | $ 35.00 | $ 60.76 |
| $ 5,000.00 | 45 | 2.50% | $ 142.55 | $ 95.00 | $ 237.55 |
| $ 20,000.00 | 200 | 2.20% | $ 518.00 | $ 95.00 | $ 613.00 |
Monthly Total - total value of orders placed via your web site in one month.
# Transactions - the number of orders placed via your web site in one month.
Bank % - the percentage charged by the bank for your credit card merchant account. This varies from around 2% to around 9%, depending on your order volumes.
Bank Fee - the fee charged by the bank. For Internet banking this could be 50c per transaction. For credit card payments this is a percentage.
Anyware - the monthly fee for Anyware's shopping cart or one off payment system. Instead of charging a flat fee of $95/month, we make this a 5% commission, which is capped at $95. This way you can be sure your orders cover the monthly fee for our service.
Total - the total of all monthly fees.
ETSL - (Electronic Transaction Services Ltd), this is the fee for using the EFTPOS network, which is required to use a real time payment gateway in New Zealand.
Paystation - the fee for using the real time payment gateway. $10/month for up to 100 transactions (orders), plus 10c per additional transaction.
Paymate % - like the bank %. Paymate pass on their bulk purchasing power to you.
Paymate Fee - covers the payment service, include Paymate's credit card payment gateway.
PayPal % - like the bank %. PayPal pass on their bulk purchasing power to you.
PayPal Fee - covers the payment service, include PayPal's credit card payment gateway.
In Summary:
Here are 3 suggestions to help you choose the best option quickly.See above for examples of set up and monthly fees for each option.
1. Small/Start Up Business, $500 per month - use Internet Banking and Paymate.
Main benefit: low cost to set up.
Main disadvantage: for Internet Banking you need to check your bank account for payments. For Paymate, customers see 'Paymate' on their credit card statement, not the name of your business.
2. Medium Online Business, $5000 per month
- If you have a retail store with EFTPOS facilities use manual credit card processing.
Main advantage: low cost/effort to set up.
Main disadvantage: you need to manually enter credit card details in to your EFTPOS machine. - If you do not have EFTPOS facilities use Paystation.
Main advantage: payment is in the bank before you receive the order, with no involvement from you.
Main disadvantage: monthly fees are relatively high until sales reach a few thousand per month.
3. Large Online Business, $20,000 per month - use Paystation
Main advantage: payment is in the bank before you receive the order, with no involvement from you.
Main disadvantage: if you have a retail store you may need to import a daily list of orders into your till software.
Note that as your business grows you can upgrade to other options.
Contact us today to discuss the simplest online payment option for you.
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