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Archived Message:

U.K.   PAYMENT METHODS


 
Ann Hi I am currently compiling an e-book which will be aimed at the UK market and looking for suggestions.
Starting from a low budget Clickbank looks good but may effect sales if I only accept dollars as most of my customers will be Uk based.
Looked at some other options but they seem to have high set up or monthly fees if I want to accept stirling as main priority. can anybody suggest an alternative ?

Clickbanks affiliate option also looks good but is there any way for affiliates to actually track their links and sales or is just webmasters that can do this ?

Paypal is an option but not ideal as i am looking to build a large affiliate team and paypal from what I have heard is not ideal for this.

Basically I only want to accept one payment method and hoping to get it right first time ! any help appreciated, Many thanks !


Posted on: 5:30 pm on August 12, 2001
EBookCompiler I would have reservations about Paypal because I think UK people have to verify their bank details via snail mail to activate their account (you need to check this) so market penetration is pretty low.  I think you might end up baffling some customers

Also the other issue is even if there's no verification required there's a potential issue with refunds, if the market penetration of PayPal is low:
- Person X comes to your site and is interested
- He wants to pay, you tell him to open a PayPal account
- He does this, and deposits funds
- He transfers money via PayPal to you
- Suppose you need to refund person X. (it happens occassionally with even the best products)
- You transfer money back to X's paypal account
- Now X is in a situation where he can't get to his money, at least until he requests a check from PayPal or something.  In any case he's likely to blame you

It can happen - I have seen it happen on other boards - really.  With ClickBank, similar services + merchant a/cs any refunds go directly back on the person's card


Anyway, you mention WorldPay in the title.  The setup cost is higher than Clickbank, but this might be an option to check into.  They do some kind of bank/credit check which might be an issue for a new business... if they refuse you, then you may be able to get accepted by negotiating a longer term before they pay you for example.  My understanding of the issue is they want to know that they are protected if you do something bad like trigger massive charge-backs... longer payment terms may be sufficient protection for them if you can't get approved otherwise


Posted on: 2:18 am on August 13, 2001
dreuby I belong to an affiliate scheme that uses Clickbank, and I can log in to check my commission, etc, independently of the person running the affiliate scheme. Is that what you mean?

Another pain to living in the UK - my main affiliate scheme pays me in US$ checques - which I have to pay to convert to sterling (unless I can keep a balance of $2000!), and then pay again to convert back when I buy stuff online in $. I'm thinking of leaving the country ...!


Posted on: 8:22 pm on August 14, 2001
EBookCompiler If you have an established business, and maybe if not, you may wish to also talk to Lloyd's bank.  They have  a one-time (?) setup fee, plus you need a third-party payment gateway (3 companies on their list I think) which has it own % fee and commission slice.  Even so total transaction cost may be as low as 5.1%, and maybe less, for everything including anti-fraud features, which is a good rate compared to Clickbank etc.

Posted on: 4:49 am on August 15, 2001
dreuby This is a US bank account for non-us residents

http://webtips.netfirms.com/us_bank_accounts_for_non_us_resdents.htm

Please note : this is NOT A RECOMMENDATION!

(Sorry for shouting - but I want it to be clear that I haven't tried them, just recieved the link in a newsletter!  :D )

Has anyone else got experience with them?


Posted on: 11:57 am on September 5, 2001

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