- Do you want to sell your products online?
- Do you want to be able to accept credit card payments?
- Want to avoid spending the big bucks on getting your website redesigned with ecommerce functionality?
- Just want to provide a simple “Buy Now” button for your customers?
If so, you’re in luck, because today I have been researching all the different credit card transaction processing companies in NZ for a client, and thought you might like to know what I’ve found.
1. PayPal
Internationally recognised, always updating and improving their code and security. Polished.
But: You have to withdraw funds from your PayPal bank account manually, and they reserve the right to charge a fee to send it to a non-US bank account (they don’t tell you what the fee will be).
Costs:
- Setup: Free
- Monthly Fee: Free
- Transaction Fees: 3.4% + $0.45 (Eg $500.00 x 0.034 + 0.45 = $17.45)
2. Paymate
Australian based with a decent NZ presence. I’ve been using them for 3 years. Pretty basic, but good.
Bonus: The funds are deposited straight into your bank account.
Costs:
- Setup: Free
- Monthly Fee: Free
- Transaction Fees: 3.0% + $0.50 (Eg $500.00 x 0.03 + 0.50 = $15.50)
3. Payment Express
NZ standard for online Credit Card processing. Website a little hard to understand. (Formerly called “DPS – Direct Payment Solutions”)
Costs:
- Setup: $150.00
- Monthly Fee: $ 50/month
- Transaction Fees: 100 free transactions a month
4. Eway
Polished website. Very good price.
Costs:
- Setup: Free (subject to change, but it probably won’t)
- Monthly Fee: $25/month
- Transaction Fees: $0.40 per transaction
- Bonus Offer: Put their logo on your websites home page for a $100 credit (subject to change, but it probably won’t)
5. Paystation
Looks ok. Lowest monthly cost.
Costs:
- Setup: $200.00
- Monthly Fee: $15/month minimum
- Transaction Fees: $0.10 per transaction
6. ZipZap
Website is a bit crap and hard to understand their pricing structure.
Costs:
- Unknown. I didn’t stay long enough to find out.
7. Super Secure
Crap website put me off completely.
Costs:
- Unknown. I didn’t stay long enough to find out.
8. Flow2Cash
I’m bored. Can’t be bothered looking closely.
9. Eftpos New Zealand Limited
No pricing on their website. That is so lame. No, I won’t call your friendly customer service team.
10. NZ Banks: Eg ASB
As far as I can tell, they need you to sign up with a payment gateway anyway so I don’t see why anyone would want to use a NZ bank for their ecommerce…
Have you used any of these companies? Tell your story.
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{ 2 comments… read them below or add one }
So how hard is it to set up these payment systems on an existing site? And can I set it up in OS Commerce? At the moment I only accept cheque, money order and direct payment to a bank account on my site because I can’t get my head around setting the system up.
I’ve been using paypal to take payments for event tickets and it’s really easy to set up. Also, no monthly fee and seems to be the cheapest option on % that they take as well. Depends on what you want to use it for really.