• Welcome to the LegalBeagles Consumer and Legal Forum. Please register to get the most out of the forum. Registration is free and only needs a username and email address.
  • Please note that LegalBeagles is a public forum and the main areas are accessible to all, and as such, please take care your username or posts do not identify you. There is no need to post claim numbers, names or precise amounts to get support with your case. When uploading documents please ensure that you have properly redacted your personal details. Thank you.

Accepting Payment by Credit Card

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Accepting Payment by Credit Card

    I have a potential customer who wants to pay for some building works by credit card (over 8000) as he's either got 0% or will tranfer to 0%.

    We do not have facilities as we have never had a need-I know that normal on-line bank accounts have facility to transfer money to another persons account--so I assumed Barclaycard etc had--but on perusing Barclaycard site, it appears not. Are all on-line Credit Card Account management sites similar?

    If so, does anyone know of a method?

    After using Google, I have seen Worldpay at 200 enrollment plus 30/mth plus a significant % of each transaction--and the costs are prohibitive for a one-off.

    Turbo

  • #2
    Re: Accepting Payment by Credit Card

    Theres always the dreaded paypal, which again occurs a fee, and TBH I wouldnt put 8k through them.

    Have you asked your bank if they have any facilty to do this for a one off transaction?

    Some bank enable credit card cheques, but as these usually count as a Cash Purchase I suppose your client would not use this.

    PKea

    Comment


    • #3
      Re: Accepting Payment by Credit Card

      Worldpay is expensive and only worth doing if you are an online retailer.

      If this is a one off I wouldnt set anything special up for him, a credit card cheque would be fine if he then transfers balance to a zero % card he shouldnt lose too much on the interest front either.
      Common Sense .... if in doubt, use it !

      “We may not win by protesting, but if we don’t protest we will lose. If we stand up to them, there is always a chance we will win.” Hetty Bower

      Any support I provide is offered without liability, if you are unsure please seek professional legal guidance.

      If we have helped you we'd appreciate it if you can leave a review on our Trust Pilot page

      Find Solicitors offering fixed fees on our sister site - JustBeagle.com

      Comment


      • #4
        Re: Accepting Payment by Credit Card

        Thanks for replies--I'll try the Bank today, if not I'll raise the Credit Card cheque idea with him

        Turbo

        Comment


        • #5
          Re: Accepting Payment by Credit Card

          Credit card chequewill count as cash purchase and it will cost 2% of the 8000 which is in my calculation 360(I think!!!!!!!)

          Comment


          • #6
            Re: Accepting Payment by Credit Card

            The credit card cheque encashment charge will be incurred by the potential customer and not turboman. If it is a regular customer then it may be worth looking into it but would having the facility to take credit cards increase turnover in the business? Is the potential customer going to be someone who will become a major customer? Is it worth the hassle?

            Comment


            • #7
              Re: Accepting Payment by Credit Card

              Credit card cheques don't necessarily count as cash purchases.

              MBNA and many others (Capital One, Mint, ...) count credit card cheques as balance transfers most of the time.

              2% of 8,000 is 160, TheGobbyOne.

              Comment


              • #8
                Re: Accepting Payment by Credit Card

                Originally posted by argentarius View Post
                Credit card cheques don't necessarily count as cash purchases.

                MBNA and many others (Capital One, Mint, ...) count credit card cheques as balance transfers most of the time.

                2% of 8,000 is 160, TheGobbyOne.
                pmsl.................yes well am blaming the wine I ahd drunk before I tried to work it out:tinysmile_aha_t:

                Comment


                • #9
                  Re: Accepting Payment by Credit Card

                  Ah, well, I did that calculation at work early in the morning when I could think straight, unlike now after a few glasses of wine with my dinner.

                  Comment

                  View our Terms and Conditions

                  LegalBeagles Group uses cookies to enhance your browsing experience and to create a secure and effective website. By using this website, you are consenting to such use.To find out more and learn how to manage cookies please read our Cookie and Privacy Policy.

                  If you would like to opt in, or out, of receiving news and marketing from LegalBeagles Group Ltd you can amend your settings at any time here.


                  If you would like to cancel your registration please Contact Us. We will delete your user details on request, however, any previously posted user content will remain on the site with your username removed and 'Guest' inserted.

                  Announcement

                  Collapse
                  No announcement yet.
                  Loading...

                  upgrade to vip

                  Want exclusive access to forums, more privacy and a live chat box? Upgrade to become a bigger part of our community.

                  only £15/yr

                  Offers available. No subscription traps.

                  sign up now



                  Search and Compare fixed fee legal services and find a solicitor near you.

                  Find a Law Firm


                  Working...
                  X