Web Development Blog

Irish Payment Gateway Comparisons

Just a quick comparison of the major online payment gateway's available to Irish companies. All the below figures have been checked as of 6th-May-2008.

	Paypal	WorldPay	Realex
Features:

Accepts Major Credit Cards:	Yes	Yes	Yes
Accepts Laser Cards:	No	Yes	Yes
Accepts Multi-Currency:	Yes	Yes	Yes
Requires Customer Registration:	No	No	No
Option To Remember CC #'s (Secure Site ):	No	Yes	Yes
Requires Offline Merchant Account:	No	Yes	Yes
Remittance:	Daily	Daily	Weekly

Costs:

Set Up:	FREE	145 €	250 €
Monthly Charge:	-	20 €	49 €/ 79 € ***
Per Transaction:	3.9% + €0.35 *	3.95%
Foreign Currency:	Exchange rate + 2.5%	90 € / Currency	-
Other:		€0.80 per transaction for Laser Debit card. €0.1 per transaction for Fraud Detection £0.50 per transaction for UK Debit cards
Internet Terminal:	$30.00/month	FREE	Not Available

* Paypal rate valid up to 3000€ / month. PayPal Standard Payments. Not Paypal Website Payments Pro (US only).

** An internet terminal will allow you to process payments from your computer Eg. Someone sends you cash or credit card details by mail or email. You can then process the transaction yourself manually.

*** 49€ for up to 100 transactions monthly, 79 € for up to 250, 0.25 € for every excess transaction

Also, as an addendum to this chart. For WorldPay and Realex, the online retailer will have to set up a merchant account with their bank. Typically a merchant bank will charge 3% per transaction and a few hundred euros setup costs. Most banks will interface with Realex. WorldPay on the otherhand is owned by the Royal Bank of Scotland and will work with fewer of the major Irish banks.

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Comments:

Qaswer on 2008-05-25 said:

I have noticed that Paypal is much much better in any aspect. Why is that so?

Dara on 2008-05-26 said:

I guess the simple answer Qaswer, is that PayPal are much bigger and do much higher volume and so are more capable of operating profitably at lower margins.

Not everyone out there is a big fan of Paypal though, you'll find alot of discenting opinions on PayPalSucks.com. Also, PayPal tends to have alot more features available to US merchants than foreign ones ...

Cheers,

Dara

muzammal on 2008-05-30 said:

I must say that paypal is widely used on internet by and many people believe that it is reliable to use.

Joey Martini on 2008-07-23 said:

I think that Paypal is the best processor, it protects the buyers seriously, and leaves little room for the scammers! But sometimes the 45 day rule might backfire, and turns the buyers into scammers. At the end I think that paypal will always be the best.

About Me:

Dara Burke is a web developer from Cork, Ireland. His hobbies include surfing, technology, design and Linux. He's not a nerd though. Seriously. He also runs TaraIT.com and some other enterprises ...