Accept a one off credit card payment

[eek]

I’m know, I’m slipping!


Seriously though, I can’t think of any other time I have come across this, where a client making payment to a credit card is the only option, so if they are insisting, I would insist they pay the charges!

I've seen it a lot in SaaS sale type situations, you have a manager willing to spend decent amounts of money to solve a problem but not wishing to suffer the other type of pain involved in getting accounting to pay the actual bill.

It's why you need to accept credit cards as a software provider...

[Sue B]

I’m know, I’m slipping!


Seriously though, I can’t think of any other time I have come across this, where a client making payment to a credit card is the only option, so if they are insisting, I would insist they pay the charges!

[northernladuk]

Erm, not in this scenario, I do deal with a lot of international payments but have never come across this scenario, where the payment is being made to a credit card.... We send and receive international payments 99% of the time via bank transfer, and the remaining 1% of these will go via the likes of Equals FX cards, or similar.

Not like you to let us down Sue

[Sue B]

Long shot but if Sue B knows a lot about inter country payments maybe she's also come across situations like this as well? Sue B Any ideas?

Erm, not in this scenario, I do deal with a lot of international payments but have never come across this scenario, where the payment is being made to a credit card.... We send and receive international payments 99% of the time via bank transfer, and the remaining 1% of these will go via the likes of Equals FX cards, or similar.

[vwdan]

Seems very odd they'd insist on CC but assume there's details we don't need to know

You could tell them "if you insist on doing it this foolish way it's gonna cost you"? I don't even know how you accept a credit card payment!

What Eek says I think - just US firms being US firms. Long story short is I wrote/own some software that I (occasionally - this is no retirement plan, sadly!) sell licences for, and in typical corporate fashion there's a complex chain of companies involved and the last one seems to want to use card.

Better than the time I sold it to a bank and they would only pay by cheque. Which took 3 months to arrive, then HSBC promptly lost so I had to request another. Imagine how funny I found that.

But yeah, I've basically done as you've said - added 3.5% for card, free if they just pay to my Wise USD account

[eek]

Seems very odd they'd insist on CC but assume there's details we don't need to know

You could tell them "if you insist on doing it this foolish way it's gonna cost you"? I don't even know how you accept a credit card payment!

I've seen similar in the past from US firms, you find a manager with a high expense limit and use a credit card as it bypasses a whole pile of bureaucracy...

[d000hg]

I wish - you would not believe how bureaucratic what I'm trying to sort is!

Seems very odd they'd insist on CC but assume there's details we don't need to know

You could tell them "if you insist on doing it this foolish way it's gonna cost you"? I don't even know how you accept a credit card payment!

[vwdan]

Cheers all - just signed up to Stripe, which I have to say was pretty painless considering I want to receive USD to a USD bank account (Wise)

Looks like it'll indeed cost about 3%, so I'll bill them that and take the hit on any more

[eek]

what about one of these retail jobbies?

Credit Card Machines - Mobile Chip and PIN Payment Solution | SumUp

1.69% of $8000 = $135.2

Only if card is physically presented.

Otherwise it's a higher rate and higher again for none european cards.

[eek]

This help How to take invoice payments with Stripe – FreeAgent ?

The issue you are going to have is that any US card transaction will have large 3% or so fees in Europe.

Can they pay into a US bank account - in which case Wise should be able to offer you an account.

[Lance]

I need to accept a one-off credit card payment of a reasonable size dollar amount ($8000) from a US client - PayPal feels seem to be insane for this - the wise calculator seems to think I'd be £400 down, meaning I'd have to charge a £400 fee to the client.

Can anybody recommend an alternative service that you've got experience with?

what about one of these retail jobbies?

Credit Card Machines - Mobile Chip and PIN Payment Solution | SumUp

1.69% of $8000 = $135.2

[northernladuk]

I wish - you would not believe how bureaucratic what I'm trying to sort is!

Hmm, that's a fair point I hadn't considered though it's still a pretty high percentage. Wish they'd just bloody pay by bank transfer

Long shot but if Sue B knows a lot about inter country payments maybe she's also come across situations like this as well? Sue B Any ideas?

[vwdan]

They won't send it friends and family I take it?

I wish - you would not believe how bureaucratic what I'm trying to sort is!

If it's for the business the £400 charges can be offset against CT so will be less of hit to your pocket?

Hmm, that's a fair point I hadn't considered though it's still a pretty high percentage. Wish they'd just bloody pay by bank transfer

[northernladuk]

They won't send it friends and family I take it?

Get them to purchase chips at a Casino and go pick them up, double up on the roulette and then cash them in.

Can they not buy you some bitcoin and send it over?

If it's for the business the £400 charges can be offset against CT so will be less of hit to your pocket?

[vwdan]

I need to accept a one-off credit card payment of a reasonable size dollar amount ($8000) from a US client - PayPal feels seem to be insane for this - the wise calculator seems to think I'd be £400 down, meaning I'd have to charge a £400 fee to the client.

Can anybody recommend an alternative service that you've got experience with?