Payment methods: Difference between revisions
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Strugglers (talk | contribs) (all the payment methods bitfolk supports) |
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In the order that BitFolk likes them: | In the order that BitFolk likes them: | ||
# [[#Direct Debit|Direct Debit]] (you'll need a UK bank account) | # [[#Direct Debit|Direct Debit]] (you'll need a UK bank account) | ||
# [[#Credit card|Credit card]] (Visa, MasterCard, American Express) | # [[#Credit/debit card|Credit/debit card]] (Visa, MasterCard, American Express) | ||
# [[#PayPal|PayPal]] | # [[#PayPal|PayPal]] | ||
# [[#Bank transfer|Bank transfer]] in GBP (£) | # [[#Bank transfer|Bank transfer]] in GBP (£) | ||
# [[#Cheque|Cheque]], postal order in GBP (minimum £25.00) | # [[#Cheque|Cheque]], postal order in GBP (minimum £25.00) | ||
# [[#Bitcoin|Bitcoin]] | |||
===In the order that BitFolk likes them?=== | ===In the order that BitFolk likes them?=== | ||
Pay by whichever means makes most sense for you, but people regularly ask which is best for BitFolk. It's mostly about how much hassle they are to process, and how much it costs BitFolk to process. | Pay by whichever means makes most sense for you, but people regularly ask which | ||
is best for BitFolk. It's mostly about how much hassle they are to process, and | |||
how much it costs BitFolk to process. | |||
Bitcoin used to be BitFolk's #1 for this, because it has some things going for | |||
it for the merchant, but BitFolk has increasingly come to be concerned about | |||
the horrendous externalities in the form of damage to the environment, so | |||
BitFolk no longer wants to encourage it. | |||
==Direct Debit== | ==Direct Debit== | ||
| Line 27: | Line 35: | ||
|- | |- | ||
! scope="row" | Costs to BitFolk | ! scope="row" | Costs to BitFolk | ||
| 1% | | 1% + £0.20, capped at £4.00 per transaction | ||
|- | |- | ||
|} | |} | ||
==Credit card== | ==Credit/debit card== | ||
{| class="wikitable" style="max-width: 500px" | {| class="wikitable" style="max-width: 500px" | ||
| Line 42: | Line 50: | ||
|- | |- | ||
! scope="row" | Automated recurring payments? | ! scope="row" | Automated recurring payments? | ||
| | | Yes | ||
|- | |- | ||
! scope="row" | Costs to BitFolk | ! scope="row" | Costs to BitFolk | ||
| | | 1.9% plus £0.20 (more for non-EU cards) | ||
|- | |- | ||
|} | |} | ||
| Line 101: | Line 109: | ||
! scope="row" | Costs to BitFolk | ! scope="row" | Costs to BitFolk | ||
| £0.75 each, plus have to go to bank or post office | | £0.75 each, plus have to go to bank or post office | ||
|- | |||
|} | |||
==Bitcoin== | |||
:''Main article: [[Bitcoin]]'' | |||
{| class="wikitable" style="max-width: 500px" | |||
|- | |||
! scope="row" | Partner | |||
| Own integration | |||
|- | |||
! scope="row" | One-off manual payments? | |||
| Yes | |||
|- | |||
! scope="row" | Automated recurring payments? | |||
| No | |||
|- | |||
! scope="row" | Costs to BitFolk | |||
| Free | |||
|- | |- | ||
|} | |} | ||
| Line 109: | Line 135: | ||
==Proposed payment methods== | ==Proposed payment methods== | ||
* [https://twitter.com/grifferz/status/393375669607886848 Pay it forward] | * [https://twitter.com/grifferz/status/393375669607886848 Pay it forward] | ||
Latest revision as of 21:32, 13 January 2022
All about the different payment methods supported by BitFolk.
TL;DR what's supported?
In the order that BitFolk likes them:
- Direct Debit (you'll need a UK bank account)
- Credit/debit card (Visa, MasterCard, American Express)
- PayPal
- Bank transfer in GBP (£)
- Cheque, postal order in GBP (minimum £25.00)
- Bitcoin
In the order that BitFolk likes them?
Pay by whichever means makes most sense for you, but people regularly ask which is best for BitFolk. It's mostly about how much hassle they are to process, and how much it costs BitFolk to process.
Bitcoin used to be BitFolk's #1 for this, because it has some things going for it for the merchant, but BitFolk has increasingly come to be concerned about the horrendous externalities in the form of damage to the environment, so BitFolk no longer wants to encourage it.
Direct Debit
- Main article: Direct Debit
| Partner | GoCardless |
|---|---|
| One-off manual payments? | Yes |
| Automated recurring payments? | Yes |
| Costs to BitFolk | 1% + £0.20, capped at £4.00 per transaction |
Credit/debit card
| Partner | Stripe |
|---|---|
| One-off manual payments? | Yes |
| Automated recurring payments? | Yes |
| Costs to BitFolk | 1.9% plus £0.20 (more for non-EU cards) |
PayPal
| Partner | PayPal (duh) |
|---|---|
| One-off manual payments? | Yes |
| Automated recurring payments? | Barely; altering them is awkward and it always takes a fixed amount, rather than only what BitFolk is owed |
| Costs to BitFolk | 3.4% plus £0.20 (more if you're non-UK) |
Bank transfer
| Partner | N/A |
|---|---|
| One-off manual payments? | Yes |
| Automated recurring payments? | Barely; setting up a standing order at your bank is probably easy enough depending on your online banking, but altering it is going to be manual and it's always going to take a fixed amount, rather than only what BitFolk is owed |
| Costs to BitFolk | Free |
Cheque
Postal orders are similar to cheques for BitFolk's purposes.
| Partner | N/A |
|---|---|
| One-off manual payments? | Yes |
| Automated recurring payments? | No |
| Costs to BitFolk | £0.75 each, plus have to go to bank or post office |
Bitcoin
- Main article: Bitcoin
| Partner | Own integration |
|---|---|
| One-off manual payments? | Yes |
| Automated recurring payments? | No |
| Costs to BitFolk | Free |
Retired payment methods
Google Checkout
Google Checkout was shut down by Google on 20th November 2013.