We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Merchant account with Fasthosts

Has anyone any experience of using the credit card merchant account facility offered by Fasthosts?

Comments

  • Hi,
    I would be cautious of fasthosts. Do you have any experience of dealing with them? From my own experience and that of others I've talked to, they are extremely difficult to pin down. If you have a problem, they're impossible to get hold of & have never responded to a single one of my letters (8 or 9 in total). If the facility involves any fees, subscription, or them holding any of the money though, I'd check it out before you proceed. My experience is they're more than happy to take your money 'in error' and impossible to contact to ask for it back.

    Others on here though may have better experiences. Mine involved a subscription for web space and as I said, the credit card merchant account facility may be different. Although as this is a less well known company, that may in itself deter people from using it if you want them to buy from you.

    Just my humble opinion
    I hope it helps
  • LittleVoice
    LittleVoice Posts: 8,974 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Thanks, Acerfan.

    It's really useful to get a view of how they operate as an organisation.

    I was particularly interested in your comment regarding holding money. They retain 5% of purchases for, I think, 8 months before paying it over!

    Thanks again

    LV
  • MarkyMarkD
    MarkyMarkD Posts: 9,912 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    PayPal provides merchant account services at a very discounted price for charities, if that's relevant to your circumstances.
  • Or Google Checkout - no fees to 2008! I use them and they're really good so far...
  • Fasthosts also charge you penalties £40 for my web hosting £3.99 was delayed. But they don't turn up when you take them to court! HAHA
    Help me to help you :santa2:
  • LittleVoice
    LittleVoice Posts: 8,974 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    MarkyMarkD wrote: »
    PayPal provides merchant account services at a very discounted price for charities, if that's relevant to your circumstances.

    Thank you for that tip.

    The enquiry was on behalf of a charity and the person investigating the options was deciding between Fasthosts and Paypal. He was not, however, aware of any discounts that PayPal would offer charities. He didn't notice it on the site. I will ask him to look at it more closely.
  • MarkyMarkD
    MarkyMarkD Posts: 9,912 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    It's not very obvious but the discount is very significant.

    It took me one second to find with a google search for "paypal charity discount" - your friend doesn't have very good googling instincts!

    https://www.paypal.com/uk/charity/

    59% off the variable element of the fees.

    Has to be a registered charity and you have to provide proper evidence that the person setting up the account is authorised by the charity to do so.

    Took us about 10 days from start to finish.

    Isn't retrospective!
  • LittleVoice
    LittleVoice Posts: 8,974 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Thanks very much MMD.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.