Payment methods
Revision as of 15:52, 25 October 2013 by Strugglers (talk | contribs) (all the payment methods bitfolk supports)
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 card (Visa, MasterCard, American Express)
- PayPal
- Bank transfer in GBP (£)
- Cheque, postal order in GBP (minimum £25.00)
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.
Direct Debit
- Main article: Direct Debit
| Partner | GoCardless |
|---|---|
| One-off manual payments? | Yes |
| Automated recurring payments? | Yes |
| Costs to BitFolk | 1% |
Credit card
| Partner | Stripe |
|---|---|
| One-off manual payments? | Yes |
| Automated recurring payments? | Not yet |
| Costs to BitFolk | 2.4% plus £0.20 |
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 |
Retired payment methods
Google Checkout
Google Checkout was shut down by Google on 20th November 2013.