From Things and Stuff Wiki
Jump to navigation Jump to search


See also SaaS#E-commerce, Blockchain


See Drupal Distros#Drupal Commerce and WordPress#E-commerce








Electronic payment

See also Blockchain

  • https://en.wikipedia.org/wiki/EMV - a payment method based upon a technical standard for smart payment cards and for payment terminals and automated teller machines that can accept them. EMV cards are smart cards (also called chip cards or IC cards) that store their data on integrated circuits in addition to magnetic stripes (for backward compatibility). These include cards that must be physically inserted (or "dipped") into a reader and contactless cards that can be read over a short distance using near-field communication (NFC) technology. Payment cards that comply with the EMV standard are often called Chip and PIN or Chip and Signature cards, depending on the authentication methods employed by the card issuer.

EMV stands for Europay, MasterCard, and Visa, the three companies that originally created the standard. The standard is now managed by EMVCo, a consortium with control split equally among Visa, MasterCard, JCB, American Express, China UnionPay, and Discover. There are standards based on ISO/IEC 7816 for contact cards, and standards based on ISO/IEC 14443 for contactless cards (MasterCard Contactless, PayWave, ExpressPay).

Articles and guides

Before Stripe;




  • Issuing bank is a bank that offers card association branded payment cards directly to consumers. The name is derived from the fact that it issues payment to the acquiring bank on behalf of its customer (the purchaser in the transaction).
  • Acquiring bank (or acquirer) is the bank or financial institution that processes credit and or debit card payments for products or services for a merchant. The term acquirer indicates that the bank accepts or acquires credit card payment from the card-issuing banks within an association.

Card associations

The best-known (credit) card associations are Visa, MasterCard, Discover, American Express, Diners Club, Japan Credit Bureau, Attijariwafa Bank, and China UnionPay.

  • Interchange - The level of interchange, in most cases, is a small ad valorem percentage of the total transaction amount. This fee is set by Visa and has traditionally varied by the type of transaction, the product involved and from country to country. From 9 December 2015, European regulation on interchange fees (Regulation (EU) 2015/751 of the European Parliament and of the European Council of 29 April 2015 on interchange fees for card-based transactions, “the IFR”) imposes interchange fee caps on most product types within the European Economic Area (EEA).
  • Interchange Fees, Programs & Rates | Mastercard - Interchange is a small fee paid by a merchant's bank (acquirer) to a cardholder's bank (issuer) to compensate the issuer for the value and benefits that merchants receive when they accept electronic payments. It enables banks that issue electronic payments to deliver tremendous value to merchants, governments and consumers.

Merchant accounts

  • Merchant account is a type of bank account that allows businesses to accept payments by payment cards, typically debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of payment card transactions. In some cases a payment processor, independent sales organization (ISO), or member service provider (MSP) is also a party to the merchant agreement. Whether a merchant enters into a merchant agreement directly with an acquiring bank or through an aggregator such as PayPal, the agreement contractually binds the merchant to obey the operating regulations established by the card associations.

"Third party collection is not an option. Merchant accounts are for businesses trading online and you can only collect funds for your own business and not on behalf of a third party. Merchants that collect on behalf of a third party are seen as extremely risky by the Merchant Services Bank and in all probability will be declined. Do I need to change bank? No you don’t need to change bank, you can continue with your existing business bank as this merchant ID is just to settle funds. The money gets transferred in to your existing bank account. Delay in Payments; If you sell online and there is a delay in the shipment / delivery of the product / service, this may mean a delay in payment as the Merchant Services Bank may decide to withhold the funds from your account until the goods are delivered." [2]

Comparison sites below require signup..

Provided for by newer payment service provider solutions like Stripe, PAYMILL, etc.


First Data



Payment gateways

The payment gateway forwards the transaction information to the payment processor used by the merchant's acquiring bank. The payment processor forwards the transaction information to the card association.

Virtual terminals

A virtual terminal is a secure website which businesses can log into to process all major credit cards (i.e. Visa, MasterCard, Amex and Diners). It is similar to a standard credit card terminal (that you would find in your local store), except that a virtual terminal uses a computer and a secure Internet connection to process payments. [3]


See also Drupal_Distros#E-commerce


Online Payment Gateway and Merchant Account
  • Setup: £50 (* Multiple-account discount available for accepting additional currencies.)
  • Monthly: £20
  • Transaction: 15p
  • Debit Card Settlement (Visa, MasterCard): 40p
  • Consumer Credit Card Settlement (Visa, MasterCard): 2.25%
  • Commercial Credit Card Settlement (Visa, MasterCard): 2.75%
  • Chargeback: £15.00
  • Advanced Fraud Detection Suite: £9.95/month
  • Automated Recurring Billing: £10.00/month
  • Customer Information Manager: £20.00/month
Online Payment Gateway Only
  • Setup: Free
  • Monthly Gateway: £20
  • First 350 Transactions Per Month: Free
  • Per-Transaction (>350 Transactions): 10p

Sage Pay

  • Transaction: 10p
  • Minimum of £25 per month (includes 1000 transactions)
  • No set-up fees, percentage fees or annual charges

was protox


Business Gateway
  • Monthly: £19.95
  • Transaction: 10p (350 inclusive per month)
Business Gateway Plus
  • Includes merchant account
  • Setup: £75
  • Monthly: £19.95
  • Transaction: From 1.65% + 10p per transaction


  • Elavon Inc. is a major processor of credit card transactions and a subsidiary of U.S. Bancorp. Elavon offers merchant processing in more than 30 countries and supports the payment needs of more than 1,000,000 merchant locations across the globe. Elavon is the 4th largest U.S. credit card processor and is a top 6 acquirer in the European marketplace.

Used to do just merchant accounts, now does payment gateway also

merchant account;

  • setup: £49
  • santander - next day payment
  • else - 3 - 5 working days

quote for 30*£1000, £30000;

  • credit card: 2.8%
  • business/international cards: +1%
  • currency conversion; 1% back of customers
  • pci: £30/annum
  • debit card: 48p
  • min: £20 a month

merchant account with virtual terminal;

  • 2.6
  • 46p

payment gateways;

  • Packages: Core (unbundled) / Flexible (bundled) - suited for 120/year
  • Setup: £50
  • Monthly Gateway: £15.00 / £25.00
  • Transaction: £0.09 / First 200 transactions monthly included. Excess Transaction Fee: £0.14. ???
  • Tokenisation: 1000 cards, £0.03 per card stored per month in excess of 1000

Both: 10 Virtual Terminal licences included. If further licences are required £30 per user set up will be applied.

For online input of called in card transactions. "Our secure Virtual Terminals can be downloaded to your desktop. The Virtual Terminal is a secure browser based tool, there is no installation required, just an internet connection."

Payment gateway via; http://www.realexpayments.co.uk/


Quote #1

Merchant Account:

  • 1.5% Personal Credit Cards
  • 19p per Debit Card
  • 1.8% Business Cards
  • £12.50 minimum monthly service charge (minimum processing requirement per month) + £4.99 per month recurring PCI Compliance charge = 17.49

Quote #2

Merchant Account:

  • 1.8% Personal Credit Cards
  • 20p per Debit Card
  • 2.2% Business Cards
  • £12.50 minimum monthly service charge (minimum processing requirement per month) + £4.99 per month recurring PCI Compliance charge = 17.49

Payment gateway admin;


  • £12.95 per month for payment gateway
  • 6p per transaction (fee charged by UPG for gateway processing)

Virtual Terminal:

  • Setup: £100 + VAT set-up (includes 250 free gateway transactions)
  • No monthly fees for the gateway

Payment gateway backend;

  • Setup: £60
  • Annual: eCOM Basic £99, eCOM Standard £195, eCOM Premium £249
  • Transaction credits (fees with minimum): 100 £25 = 25p, 250 £55 = 22p, 500 £99 = 19.8p, 1,000 £149 = 14.9p, 5,000 £499 = 9.98p, 10,000 £899 = 8.99p, 25,000 £2000 = 8p, 50,000 £3750 = 7.5p

Ogone Express

Payment gateway only. Usually works with CardCutters for internet merchant account. Virtual Terminal add-on available for both packages?

  • Setup: Free
  • Monthly: £19.99
  • Transaction charges: first 300 free transactions/month, after; £0.15/transaction

CardCutters (jay);

  • Provider acting as agents of AIB (GB) Merchant Services, i.e. Allied Irish Bank
  • 0.169% credit card
  • 21p debit
  • 2.29% commercial
  • 3 days

Ogone Premier

  • Multi currency, extra cards accepted
  • Monthly: £49.95
  • 1 - 999 trx./month £0.12
  • 1,000 - 2,499 trx./month £0.10
  • 2,500 - 4,999 trx./month £0.09
  • 5,000 - 7,499 trx./month £0.08
  • From 7,500 trx./month £0.07


New to the UK market. $40 million USD in investment from Sequoia Capital, Andreessen Horowitz, SV Angel, and PayPal founders Peter Thiel and Elon Musk.

  • Setup: none
  • Monthly: none
  • 2.4% + 20p + VAT per successful charge
  • or 1.9% + 20p for UK-issued cards / 2.9% + 20p for international cards
  • No card storage fees
  • Holds funds for 7 days?

If you are registered for VAT in your country, you can provide us with your VAT number and Stripe will not charge you VAT on our fees. VAT still applies, and you likely need to self-accout for VAT in your local VAT return at the prevailing rate in your country through the reverse charge scheme. Your accountant will be able to assist you with VAT reporting through the reverse charge scheme. If you use Stripe outside Ireland and are not registered for VAT or have not provided us with your VAT number, we will charge you VAT on your fees at the Irish VAT rate, currently 23%. ...

Stripe's pricing starts at 2.4% + £0.20 per transaction + VAT. Stripe charges 2% for foreign conversions (i.e. charging in EUR, when you want to be paid out in GBP).

PayPal's pricing starts at 3.4% + £0.20 per transaction. In addition to their published rate, you'll also pay:

  • £20 per month if you want to design and host your own checkout pages.
  • If you process in other currencies other than your local currency, PayPal will charge you a fee of 2.5% above the wholesale exchange rate (https://www.paypal.com/uk/webapps/mpp/cross-border-and-conve...).
  • If you receive payments from customers outside of the UK, PayPal will charge you a fee of anywhere from 0.4% to 1.5% (https://www.paypal.com/uk/webapps/mpp/cross-border-and-conve...).
  • If your customers pay with American Express, PayPal will charge you a fee of 3.5%.
  • If you issue a refund, you will pay a fixed fee portion of the original transaction fee.


  • Transaction: 2.95% + €0.28 (= £0.24)
  • Setup: €0
  • Monthly: €0
  • Set up time: 2-3 days

Braintree Payments

European pricing;

  • Transaction: Interchange +.9% + €.10 per
  • Total costs are typically 1.8% to 2.6% of the transaction.
  • Monthly: €100 minimum transactions
  • Stripe has instant signup. Braintree does not (yet). You have to send us a few documents; the signup process takes a few days.
  • Stripe multicurrency support is limited to USD, EUR, and GBP. Braintree can accept payments in 130 currencies and settle in the following currencies: AUD - Australian dollar, CAD - Canadian dollar, DKK - Danish krone, CHF - Switzerland francs, EUR - European Union euro, GBP - British pound, HKD - Hong Kong dollar, JPY - Japanese yen, NOK - Norwegian krone, NZD - New Zealand dollar, SEK - Swedish krona, USD - US dollar, ZAR - South African rand. Being able to settle in DKK, CHF, NOK or SEK might make a big difference to merchants with large customer bases in Northern Europe.
  • Stripe charges a 2% currency conversion fee if you settle in a different currency than you present. Braintree does not.
  • The pricing structures are different. Stripe charges 2.4% + 20p per charge; Braintree charges on an interchange plus model: IC + 0.9% + 10p, with a 100 GBP monthly minimum.


  • No monthly fees.
  • No setup fees.
  • No recurring fees.
  • Processing: credit card (per txn): 2.9% + 30c
  • Processing: bank account (per txn): 1% + 30c
  • Payout: bank account (per deposit): 25c

Simplify Commerce

  • 2.85% + 30¢ per transaction
  • No setup fees.
  • No monthly fees.




Google Wallet

Simplified Ecommerce



Secure Trading







  • https://gocardless.com/ - 1% per transaction up to a maximum of £2.00. Simple Direct Debit, for regular billing & invoicing.
  • http://bitsy.io/ - usa only? stripe: 2.9% + 20p per sale, or paypall: 3.4% + 20p per sale

Point of Sale

Elavon Mobilemerchant

  • PIN pad rental of €10 / £10 per month (VAT applicable).
  • Free Mobile payment application
  • Free web-based transaction management
  • Works with most iPhone, iPad, Blackberry and Android devices


  • £82.50 equipment purchase
  • 2.75% per transaction
  • No monthly fees, no minimum revenue


  • Mobile card reader (iPhone, iPad, iPod touch and Android devices): £19.95
  • 2.75% per transaction
  • No monthly fees


  • 2.95% per transaction, or 25p oldprice? (highest)


  • Smart Rate: From 2.75% to 1.5% per transaction.


Near field communication


to sort


GNU Taler

  • GNU Taler - an electronic payment system under development at Inria. We expect to make it operational in 2018. You can learn about Taler on this website, try the demo and look at our documentation. [5]


  • Zipsell - a free, open source and self-hosted platform for selling digital downloads like ebooks


  • DuckSell - Sell your digital products on your own website and deliver them securely


  • Patreon - Best way for artists and creators to get sustainable income and connect with fans

  • Liberapay - a recurrent donations platform. We help you fund the creators and projects you appreciate.