Anna Leonard

Asked this question on 21/7/16 -Business Planning

Who do you use for merchant business accounts? What are the fees like?

Top voted answer
Terry Chadban

Terry Chadban Founder/Manager at

Top 10% Digital Marketing

Hi Anna,

If you are a small business owner, and just want to collect payments, have a look at both PayPal and Stripe. Neither of them have monthly charges, just a set percentage of the transaction, and both are easy to integrate into a website, especially if you use Wordpress to build your website, which you should do. :-)

All Australian banks charge a setup fee, plus a monthly fee regardless whether you actually make any sales or not, so I strongly recommend looking at Stripe in particular, but you may already have a PayPal account, and it is easy and free to upgrade it to a business account.

Jef Lippiatt

Great answer. I'm also a big fan of Stripe's simplicity and transparency.

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