Are There Any Good Thai Payment Gateways?

[asiapacific]

Are there any good Thai Payment Gateways to accept credit cards online i used one already and they closed the company.

Please email me if anyone knows of any thanks.

[onethailand]

Which one did you use that closed? And why do you need a Thai payment gateway when PayPal will suffice in most cases?

[monty]

Paypal works, but ends up being very expensive!

Try out paysbuy! (google)

[bkkmick]

Try Google. We use it. Easy to set up and if you use Adwords then they discount the charges.

[onethailand]

Paypal works, but ends up being very expensive!

Try out paysbuy! (google)

Monty - I know that Paypal charges from 2.9-3.9% plus 30 cents for a transaction, plus any currency conversions - but I can't see how that would necessarily be more expensive than paysbuy (4% and frequent downtime) - is there something I've missed?

Mick - nice one, 2% plus 20 cents. Going to have to look at the integration options.

[monty]

It's indeed the currency conversions where paypal is expensive.

Transferred 500 US$ from my paypal account to my Bangkok bank account at an exchange rate of about 4 % less then what the cash rate was in Thailand.

[onethailand]

It's indeed the currency conversions where paypal is expensive.

Transferred 500 US$ from my paypal account to my Bangkok bank account at an exchange rate of about 4 % less then what the cash rate was in Thailand.

Ouch. I was afraid this could be a problem because of the different rates (plus Paypal keeps 1.5% of the conversion). Fortunately, I haven't taken the system live yet so I can study other alternatives - thanks for this information.

I did get an email from K-Bank informing me that their rates were 3% of transactions through their K-Payment Gateway, which isn't bad - question is, do they have an integration API or am I going to have to send people to K-bank's site?

[onethailand]

Oops...

Google only accepts US and UK merchants... while I could register as a US merchant, it does make things a bit impractical. What a pity, the rate was great...

[simon43]

I've used Thaiepay for 2 years as the payment gateway for my hotel. 3% fee (4% for amex), integration API available.

Simon

[onethailand]

I've used Thaiepay for 2 years as the payment gateway for my hotel. 3% fee (4% for amex), integration API available.

Simon

I was just there, as a matter of fact - and they wanted 4% (down from 5% last year). On top of that you have a monthly fee. If they would come down to 3% they would be worth considering seriously.

[simon43]

Actually, they just increased to 4% from 3%..

I have found them to be very good, no problems at all. I just set my hotel room pricing to absorb this transaction fee. The monthly charge is only 150 baht or so.

Simon

[onethailand]

Could be I read something wrong somewhere, but I checked the past two years and I was quite sure they wanted 5%. Otherwise I would never have even thought of paysbuy.

Maybe I'll shoot them an email and see what they say.

[monty]

I used Thaiepay for a while and back then they couldn't process master cards, which is why I moved to paysbuy...

[onethailand]

I used Thaiepay for a while and back then they couldn't process master cards, which is why I moved to paysbuy...

Yup - I saw that on one of my visits - but paysbuy has frequent problems with mastercards as well, and recently dropped UOB because UOB would not accept a merchant which used Verified By Visa.

Did you look at any of the bank gateways directly?

[monty]

Did you look at any of the bank gateways directly?

Yep, almost impossible to get as a start up.

You need to have a company for at least 1 year with audited bookkeeping, and need to put a bloody high guarantee with them (several hundred thousand when I checked)

[onethailand]

Did you look at any of the bank gateways directly?

Yep, almost impossible to get as a start up.

You need to have a company for at least 1 year with audited bookkeeping, and need to put a bloody high guarantee with them (several hundred thousand when I checked)

Yes, now I remember. When I first looked I didn't have the year behind the company. Now I've got plenty time-wise, but the books are going to look really ugly since the company has losses since day one and I've been funding the company out of pocket.

Have to see about the guarantee but that probably won't cause me too much problem. Might mean I end up using Paypal/Thaiepay/paysbuy for a few months first though LOL.

[onethailand]

Monty, I just thought of something. Isn't it possible to tell PayPal to remit in US$ to your Thailand bank account? In that case they wouldn't be doing the currency conversion - the bank would, at onshore rates...

[monty]

Monty, I just thought of something. Isn't it possible to tell PayPal to remit in US$ to your Thailand bank account? In that case they wouldn't be doing the currency conversion - the bank would, at onshore rates...

Nope,

They automatically convert to Baht. No option of remitting US$. Guess they know why

[frenchFARANGbkk]

Hi,

Any link of website using Thaiepay ? I just wonder if customers from abroad see that they are sending money to Thailand when using this system on a foreign website ?

Thanks.

[BigSnake]

No not really, from my experience they all end-up cost you more in the long run, Paypal is a prime example of this.

[Soboringtochooseaname]

What are the latest updates ? Banks are better and Thai gateway for credit cards payment has improved its service ?

[Crushdepth]

I set up a payment system using SCB last year. I wouldn't recommend it, their transaction processing is draconian and rejects a large percentage of legitimate cards (even government cards), which wmeans a lot of lost sales. They also don't want to deal with small vendors, you need to be clearing a few thousand dollars a month to get approval to use it.

More recently I looked into (but have not yet set up) Paysbuy. Their fees are low but they really gouge on international currency exchange rates (about 10% worse than the bank rates when I looked into it). Unfortunately, I don't know of a better alternative yet. Anyone?

[Phil Conners]

Thaiepay and Paypal.

The banks own systems are generally a complete nightmare to use, way overcomplicated, and frankly not that much cheaper than using something like Thaiepay. Thaiepay's interface is very easy to program for.

Paypal is not expensive in itself, they charge about the same fees as card companies, but you get hammered by poor exchange rates if you need to transfer foreign currencies to Thailand. If you have a foreign account in the same currency that you receive funds in they are fine.

[Crushdepth]

Is Thaiepay better with exchange rates?

[Phil Conners]

I don't know actually. I've designed systems for customers using Thaiepay but never used it myself.

I would assume that if you choose to use Thaiepay it is because you want to bill your customers in Thai baht, in which case exchange rates are a non-issue.

If you wanted to bill your customers in USD or GBP I think there are better alternatives, for example 2checkout. I'm pretty sure they just send the monies in whatever currency is your "base currency" and leave it up to the receiving bank to change to baht - unlike Paypal who "insist" in exchanging the funds before sending