In The future of payment technology: New systems that could help your business Yolanda Redrup said:
Speaking to the Australian Payments Clearing Association last year, Reserve Bank of Australia governor Glenn Stevens said elements of Australia’s payments infrastructure are “a bit dated”.
“It is very clear that both individuals and businesses are demanding greater immediacy and greater accessibility in all facets of their day-to-day activities,” Stevens said.
Dated is right. However, there are new companies which may have payments systems which could meet your needs.
Let’s look at two of them.
Pin Payments — no merchant account required
Pin Payments was founded in 2011. You don’t need a merchant account to use it, and the price is reasonable: $50 a month, plus 3% and 30 cents per transaction. You can accept payments in an app, as well as via your website.
From the pricing page:
Foreign currency transactions will be automatically converted to Australian dollars before being transferred to your bank account. The conversion is completed at a retail foreign exchange rate of 4% on top of the wholesale interbank rate at the time of the transaction.
Selz — sell everywhere, sell from your blog or even from Facebook
You can sell both physical and downloadable products via Selz. Pricing is easy: it’s 5% plus 50 cents per transaction — no monthly fees.
Selz has a Seller Series on its blog, relating seller experiences.
Julieanne Wallace said of Selz:
Selz has been amazing in helping me to sell my products, and I have recommended it to other authors. I spent an entire day researching and investigating the many stores that one can use to add to websites. In the end, Selz was the easiest to work with, saving me a bucket load of time, and the FAQ page answered all of the questions that I had about the Selz product.