Msg#: 3618915 posted 10:16 am on Apr 4, 2008 (gmt 0)
Does anyone know the transaction fee's(% of each transaction) at Bank of Scotland, any any set-up fees involved?
My client is based in Scotland and just selling items(varying price, roughly £2 - £500 each) to the UK has a Merchant account with them and we wish to use the JShop cart system along with Protx payment gateway.
Msg#: 3618915 posted 11:28 am on Apr 4, 2008 (gmt 0)
I use Bank of Scotland, but can't remember quite what the fees are off the top of my head...
It's a little irrelevant to say to be honest, as the fees they charge are worked out on a per customer basis. It depends on what you're selling (they consider some things higher risk than others, so charge more), and it also depends on your sales turnover (the more you put through the better % you'll get).
I *think* they charged me at the time a £250 set-up fee.
Should have made that clearer, I meant it depends on your client/the website as to what rates you'll get.
Though, re-reading your first post, you say that already have a merchant account? I think they'll charge the same transaction fees for ecommerce website as they would for normal transactions. Their merchant account needs to be enabled for ecommerce first however.
The only difference of course is that you'll need to use a gateway (Protx) on top of this, which is only a small fee per transaction.