Australian payments processor Pin now out of private beta(pin.net.au)
pin.net.au
Australian payments processor Pin now out of private beta
https://pin.net.au/?iknowtheurlisthesamebuttheyonlyjustgotoutoftheprivatebeta
2 comments
hopefully this will be the Stripe of AU. Accepting cards in Australia is a nightmare.
The email I just received:
Hi people,
Just a quick note to let you know you can now
activate your Pin Payments account to accept live
credit card payments whenever you're ready.
Log in to https://pin.net.au to activate!
Your clients, colleagues, customers can now sign up
too, so do let them know about us :)
As always, happy to discuss any questions, just hit
reply or tweet @pin_payments.
cheers,
-Grant
I'd like to understand more about why you think it's a 'nightmare'. I set up a merchant account with St George in 2009 for my startup at the time and the whole process was fairly straightforward and hassle free. The fees were about $50/month + 0.8% of each transaction.
The standard complaints:
"Your business model isn't a fish-and-chip shop, please go away".
"You don't own a home we can seize, please go away".
"You want to bill and bank in USD/EUR/not-AUD? Please go away unless you are already successful".
"Congratulations on being approved! The next step is to apply all over again to a completely different service. We don't actually take the payments ourselves".
"Your business model isn't a fish-and-chip shop, please go away".
"You don't own a home we can seize, please go away".
"You want to bill and bank in USD/EUR/not-AUD? Please go away unless you are already successful".
"Congratulations on being approved! The next step is to apply all over again to a completely different service. We don't actually take the payments ourselves".
I didn't have problems 1, 2 or 4 with STG - we were tiny and none of us had any assets (I don't think they even asked).
We didn't try to do number 3 maybe that's the problem?
We didn't try to do number 3 maybe that's the problem?
(I'm from Pin Payments).
Yes, foreign currencies (e.g. USD) are a huge problem for small/new businesses here. Way too difficult.
Yes, foreign currencies (e.g. USD) are a huge problem for small/new businesses here. Way too difficult.
It depends on your business model. Mine wasn't a straightforward buy-a-thing-sell-a-thing model and this makes small business banking heads kersplode with great ferocity, it would seem.
"What is it you do again?"
"{{explanatory_statement}}"
"... so, um, what products are you going to sell?"
Annnnnd because my turnover is less than $ferrari, I'm always flicked to a small business banker. If I needed a loan for a commercial deep fryer I'd be talking to the right person.
St George belongs to Westpac now, FWIW.
"What is it you do again?"
"{{explanatory_statement}}"
"... so, um, what products are you going to sell?"
Annnnnd because my turnover is less than $ferrari, I'm always flicked to a small business banker. If I needed a loan for a commercial deep fryer I'd be talking to the right person.
St George belongs to Westpac now, FWIW.