Protx and Streamline question

[ahmed5]

Hello,

 

I have a few questions about Protx and Streamline:

 

1) How long does it take for money to deposit into bank (royal bank of scotland)?

 

2) Are the funds from protx deposited into the bank or a streamline account? (does it even matter?)

 

3) Does Streamline do its own payment processing? What are the costs?

 

I would be grateful if someone could answer any of these questions.

 

Thank you

Edited September 2, 2006 by ahmed5

[♥FWR Media]

Hello,

 

I have a few questions about Protx and Streamline:

 

1) How long does it take for money to deposit into bank (royal bank of scotland)?

 

2) Are the funds from protx deposited into the bank or a streamline account? (does it even matter?)

 

3) Does Streamline do its own payment processing? What are the costs?

 

I would be grateful if someone could answer any of these questions.

 

Thank you

 

 

See my post here

[ahmed5]

Sorry but how does that thread my answer my questions?

[a_i786]

well i just started using protx with streamline and the money be's in my business account on the 3rd working day.

 

streamline do not have their own online psp

 

hope this helps

 

regards

[Skyline Select]

Hello,

 

I have a few questions about Protx and Streamline:

 

1) How long does it take for money to deposit into bank (royal bank of scotland)?

 

2) Are the funds from protx deposited into the bank or a streamline account? (does it even matter?)

 

3) Does Streamline do its own payment processing? What are the costs?

 

I would be grateful if someone could answer any of these questions.

 

Thank you

 

1) Just a couple of days.

2) Your business account

3) You use ProTX to connect to streamline.

Pricing:

I paid I think ?300 to set up 2 merchant numbers (?250 for one). One for online payments, one for customer not present (phone orders).

There is a minimum charge of ?10/month on each merchant number, but normally transaction costs are more than that anyway.

ProTX is ?20+VAT month and that is for 2 accounts (VSP Direct and Terminal Only).

Cards are about 2.9% and debit cards are I think 40p.

The whole transaction amount is deposited in the bank (40p or somthing like that bank charge) and then they bill you for the transactions at the end of the month (direct debit).

 

Hope that helps.