Pin Payments

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Pin Payments

Pin Payments is a new Australian-based online payment processing system.  It is designed  for Australian small to medium enterprises to use as a simple and relatively low-cost online transaction management service, although its cost-effectiveness will vary for different businesses as it will depend on the volume and size of transactions as well as the competitive pricing deals provided by other payment gateways and banks.

Here's how Pin Payments describes it: "Pin Payments is Australia's only all-in-one programmable multi-currency payment system. Sell to local and international customers, and accept payments from any debit and credit cards bearing the Visa and MasterCard brands. Create workflows and scheduled charges to suit your business, using a modern JSON API. All you need is your ABN and your credit card - no merchant account or lengthy application process is required."

Unlike most payment gateways, Australian merchants using Pin Payments are not required to set up or operate their own individual Internet Merchant account with an Australian bank.

Linked to the National Australia Bank, Pin Payments allows online transactions in different currencies with AUD, USD, NZD, SGD, EUR and GBP transactions included as standard.

Transactions can be made through websites, mobile apps, and in-person.

As at May 2014, the pricing for successful transactions using Pin Payments is  2.6% of the transaction + $0.30 per transaction, with no extra or hidden credit card interchange fees, no minimum balance needed and no security deposits required.  Free automated fraud detection is also provided on every transaction. Disputed transactions resulting in a chargeback incur a fee of $25. Foreign currency transactions are automatically converted to Australian dollars before being transferred to the Merchant's own bank account. The conversion is completed at a retail foreign exchange rate of 2% on top of the wholesale interbank rate at the time of the transaction.  Payments are made to merchants 7 days after the online transaction is processed.

Customer Locations National (All of Australia)
Website Click here to view this website. (New Window)
Country AU
Twitter @Pin_Payments
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Pin Payments is a new Australian-based online payment processing system.  It is designed  for Australian small to medium enterprises to use as a simple and relatively low-cost online transaction management service, although its cost-effectiveness will vary for different businesses as it will depend on the volume and size of transactions as well as the competitive pricing deals provided by other payment gateways and banks. As at May 2014, the pricing for successful transactions using Pin Payments is  2.6% of the transaction + $0.30 per transaction, with no extra or hidden credit card interchange fees, no minimum balance needed and no security deposits required.

Australian merchants using Pin Payments are not required to set up or operate their own individual Internet Merchant account with an Australian bank. Free automated fraud detection is also provided on every transaction. Disputed transactions resulting in a chargeback incur a fee of $25. Foreign currency transactions are automatically converted to Australian dollars before being transferred to the Merchant's own bank account. The conversion is completed at a retail foreign exchange rate of 2% on top of the wholesale interbank rate at the time of the transaction.  Payments are made to merchants 7 days after the online transaction is processed.