Options to receive infrequent card payments

[trickywoo]

Just wondering if anyone can recommend a provider for perhaps one or two card payments a year?

Under £1k each and would be over the phone. £5k in a year max but I only need it for one £950 payment now. Its for a current client request and they have pushed back on a bank transfer a couple of times.

The business banks with Lloyds at the moment.

[Mammasaid]

If you use Xero, then you can take online payments, I presume other platforms are similar.

https://www.xero.com/uk/accounting-software/accept...

[trickywoo]

Mammasaid said:

If you use Xero, then you can take online payments, I presume other platforms are similar.

https://www.xero.com/uk/accounting-software/accept...

Thanks for that. Didn't even know that was an option.

I'm on Quickbooks and they seem to want to do it thorough paypal which has a spicy 2.9% fee.

I'm not a fan of paypal anyway and the fee sticks in my throat.

[Triple Six]

IIRC Xero use a third party Stripe for card payments.

We use it as it also integrates with our CRM/website. We were previously Worldpay/Global Payments but found them very expensive.

Stripe is dead easy and much cheaper for us.

[Si1295]

Stripe offers a pay by link option with no minimum transactions (AFAIK). Super simple to setup too which was nice as WorldPay f'd us around middle of last month

[Road2Ruin]

Si1295 said:

Stripe offers a pay by link option with no minimum transactions (AFAIK). Super simple to setup too which was nice as WorldPay f'd us around middle of last month

I would go with stripe too. There are a few ways to accept payment, including over the phone. There is a cost, though, there always is. I think we pay about 1.2% + 20p or something very similar.

[ecs]

If you use Monzo then you can request card payments via Stripe (other banks may offer such a thing too?).

[Disco You]

ecs said:

If you use Monzo then you can request card payments via Stripe (other banks may offer such a thing too?).

Fairly common for challenger banks. E.g. Tide do something similar and theirs is powered by Adyen.

If I was the OP I’d probably work out the pricing between using Stripe and Adyen and pick one.

If you really want to keep within the Lloyds group, their product in this space is cardnet. But setting up with stripe is so easy that I’d probably just choose on price.

[48k]

Whats the clients reason for not wanting to pay by BACS ?

[trickywoo]

48k said:

Whats the clients reason for not wanting to pay by BACS ?

Thanks all. Stripe looks good. I was just going to get the Lloyds card reader for a one of £50 but even clicking directly through the link online to apply they push the monthly so hard I couldn’t even find the reader option and the phone number was useless.

I trust the client and the reason they don’t want to bacs is a new procurement system that needs a lot of admin their end, and likely mine.

[trickywoo]

Juist thought I'd update with the setup and first payment experience.

Setup was easy. Also easy to get a link which I emailed to my client.

Payment their end was straightforward.

Stripe charged me £13 on about £1k.

One thing to be aware of is that they sit on the payment for 7 days before you can transfer it to a nominated bank. I'm not sure if this is standard procedure.

[codenamecueball]

trickywoo said:

Juist thought I'd update with the setup and first payment experience.

Setup was easy. Also easy to get a link which I emailed to my client.

Payment their end was straightforward.

Stripe charged me £13 on about £1k.

One thing to be aware of is that they sit on the payment for 7 days before you can transfer it to a nominated bank. I'm not sure if this is standard procedure.

Standard for new accounts. Goes down the more you use it. My payouts take 3 business days.