Payment Processing in New Zealand
I have recently been looking at the payment processing options for two projects which will be based in New Zealand.
In both cases, the client will be organising a merchant account with a bank, so it is a matter of connecting those up with an online payment processing service. Here are the ones I have been actively considering:
SecurePayTech
SecurePayTech seems a relatively well established service. I created a Silverstripe payment module for it last year without any issues and has a decent API which allows for integration via SOAP or HTTPS post. SecurePayTech is also a wholly owned subsidiary of Digiweb. I guess that means they are a bit more established then…
Pricing:
Set-up fee: $30.00 + GST
| Monthly Fee: | Transactions per Month: | Per Transaction Cost: |
| $10 | 0-20 | $0.50 |
| $20 | 21-50 | $0.40 |
| $30 | 51-100 | $0.30 |
| $50 | 101-250 | $0.20 |
| $80 | 251-500 | $0.16 |
| $150 | 501-1000 | $0.15 |
| $300 | 1001-3000 | $0.10 |
Black Marks:
- No multi-currency processing (NZD only)
PayStation
PayStation seems like a decent option. Their website has plenty of detailed information on their service and what is needed to get set up etc. Their pricing is quite competitive and is kind to businesses with low transaction volumes but with a very competitive per transaction cost. Good code examples and documentation also.
Pricing:
Set-up fee: $200.00 + GST
| Monthly Fee: | Transactions per Month: | Per Transaction Cost: |
| $15 (minimum) | 150+ | $0.10 |
Black Marks:
- Haven’t had fantastic responses to my queries with them, concerned just how well established they are
Payment Express (DPS)
The DPS service from Payments Express seems to be the most well known Kiwi payments processing solution and is in use on a lot of high profile websites. There is plenty of supporting documentation, test accounts are available etc. As it is the most established, there are also lots of existing payments modules for shopping carts etc.
Pricing:
Set-up fee: see table
|
Price plan
|
Monthly service fee
|
Included transactions
|
Overage fee
|
Setup fee
|
| Starter |
$ 50
|
100
|
$ 0.50
|
$150
|
| Business |
$ 150
|
500
|
$ 0.45
|
$150
|
| Business A |
$ 250
|
1,000
|
$ 0.42
|
$200
|
| Business B |
$ 480
|
2,000
|
$ 0.41
|
$200
|
| Business C |
$ 690
|
3,000
|
$ 0.40
|
$200
|
| Business D |
$ 880
|
4,000
|
$ 0.39
|
$200
|
| Enterprise |
$ 1,000
|
5,000
|
$ 0.38
|
$500
|
| Enterprise A |
$ 1,800
|
10,000
|
$ 0.35
|
$500
|
| Enterprise B |
$ 2,250
|
15,000
|
$ 0.32
|
$500
|
| Enterprise C |
$ 2,500
|
20,000
|
$ 0.30
|
$500
|
| Enterprise D |
$ 3,000
|
25,000
|
$ 0.28
|
$500
|
| Transaction |
$ 3,500
|
30,000
|
$ 0.25
|
POA
|
| Transaction A |
$ 4,000
|
35,000
|
$ 0.22
|
POA
|
| Transaction B |
$ 4,500
|
40,000
|
$ 0.20
|
POA
|
| Transaction C |
$ 4,750
|
45,000
|
$ 0.15
|
POA
|
| Transaction D |
$ 5,000
|
50,000
|
$ 0.10
|
POA
|
Black Marks:
- A lot more expensive than the others at lower volumes
- Higest setup fees
Honourable Mentions
Paymex
Paymex is a slightly different animal in it as a payment processing service and combined Merchant account.
Pricing:
Set-up fee: free
| Monthly Fee: | Transactions per Month: | Per Transaction Cost: |
| $0 | 0-unlimited | 3.25% + $0.55 |
Black Marks:
- No multi-currency processing (NZD only)
- Per transaction and monthly transaction limits
- Charges appear on customer statements as “Paymex Ltd” – could cause confusion
- Hosted integration method only
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