If you're looking to take regular payments from UK customers, check out gocardless.com. We're based on Direct Debit (bank-to-bank payments), so charges are only 1% per transaction
We're still in closed trial, but happy to give out invitations to HN users
2) Fair point, although this varies a lot by country (consider CC usage in Germany) and is not the case for B2B transactions
3) No it doesn't. There's a pan-European ACH network (SEPA DD), also if you look at PayPal they offer Bank transfer in US & Europe using ACH in a similar way
True, there are limits - but that doesn't mean it's flawed.
1. DD also provides protection. Admittedly not at the same level, but the banks do guarantee the scheme against misuse.
2. Very true - but if only DD is offered as an ongoing payment mechanism then many people will use it.
3. The UK is a perfectly valid market to target - and hosted DD provision is an excellent innovation to offer.
We're still in closed trial, but happy to give out invitations to HN users
Email me - [email protected]