Online Payments Blog

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Mar 05
2010

Word on the Web - 05/03/2010

Posted by: Dave

Tagged in: x.com , WorldNet TPS , PayPal , online payments , news , ireland , iphone

WorldNet have announced a special offer as part of the launch of their new website. The 50/50 Offer guarantees the first 50 merchants to sign-up under this offer a 50% saving on their online payment costs for the first year. The offer is clearly targeted at larger merchants, requiring an average payment fees spend of €500 per month to be eligible for the offer. The offer is valid until March 31st and more details can be found on the new WorldNet site.

 

BillFaster is a new Irish start-up that is offering a free invoicing and cash management online application with the promise that you can get paid faster. The application does not provide a full accounting system, instead it focuses on the key functions essential to small businesses. BillFaster.com have already signed up over 2,000 businesses and they plan to officially launch in the USA and Australia later this year.

 

PayPal have introduced a beta version (currently US only) of their mobile payments library that is part of their PayPal X global payments platform. The mobile payments library will allow developers to embed PayPal payments within iPhone applications thus allowing customers to make purchases without leaving the application. More details can be found on x.com.

 

Dave

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Comments (5)add comment
0
Clarify?
written by O'Searcaigh , March 06, 2010

Hey All,

I'm just looking to clarify the offer, on the WorldNet site it reads:

"To qualify, merchant must currently spend an average of €500 per month minimum, on Payment Gateway charges."

Is that average worked over 12 months and is it just the previous 12? Maybe John will read this and let us know how they intend to work out this condition smilies/smiley.gif


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John Clarke
WorldNet 50/50 Offer
written by John Clarke , March 09, 2010

Hello,

the €500 is not a hard-and-fast number, it's meant to be indicative of the level of business we are aiming at. So as long as a merchant is in the ballpark, we're open to discussing the 50/50 offer with them.

Regards
John

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Clarify?
written by O'Searcaigh , March 13, 2010

Hi John,

Thanks for responding. The question still stands though - do you mean merchants who are seeing annual fees of around €500 or monthly fees of around €500?


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John Clarke
WorldNet 50/50 Offer - clarification
written by John Clarke , March 15, 2010

Hello there,

The offer is for merchants who are currently spending €500+ per month on Payment Gateway fees. This is a relatively high threshold - depending on the ATV's, the merchant would probably be selling in excess of €2M worth of goods per year online.

For smaller merchants, there is our guaranteed savings of 20% of their current Payment Gateways fees costs.

Regards
John

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Diarmuid Ryan
billfaster
written by web design ireland , March 29, 2010

hi dave,

i have been working on invoicing software for in-house use (half baked at the moment) and considered expanding and opening the system for public usage.
do you reckon there is room in the irish market for another invoicing platform?
also i use a third party service myself at the moment for a relatively small fee, however the promises of getting paid faster by offering credit card payment do not seem to hold 100% true smilies/smiley.gif

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