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Newsbook introduces England's bank e-commerce solution to Hong Kong for the first time

Newsbook is proud to be the first Internet Solution Provider to introduce a more economic and yet more easy method. Our payment gateway is in England and the settlement bank for the credit card is National Westminster Bank. NatWest is the leading bank for small business, with the highest small business market share (25%) and the largest number of small business accounts.

Our setup fee is just about one-forth of the traditional local merchant accout and costs about HK$1,300 only while our annual fee is just HK$2,000. Yet the transaction rate is nearly the same, if not a little lower than the local banks. It is only 4.5%. Besides, with the England's National Westminster Bank as the settlement bank, it brings you the reliability and credibility.

Our detailed price structure is as followed:

International Merchant Account and Payment Gateway Solution
- payment processing facilities for a HK$1,300 setup fee (non refundable) and HK$2,000 annual fee, which includes 3 processing currencies (160 currencies available, Hong Kong dollars available). Additional currencies by arrangement.
- 4.5% Merchant Service Charge on credit card transactions.
 

With the merchant account service we accept Visa and Mastercard. However, currently any company wishing to process American express will have to register with American Express in the UK and they will settle the funds.

Our solutions are aimed at the small to medium sized business and it is very quick and simple to become approved for Internet processing.

You will receive 5 free processing currencies. This means you can bill in US$ if you wish to US customers and US% will come off their credit card. We currently cover 160 different currencies and we settle in 22 (which include Hong Kong dollar).

The only other fee you may incur is on settle on the funds into your account. We settle weekly after 4 weeks. (i.e. you will receive week one's money in week five, week two's in week six etc.) and the weekly settlement fee is approximately $4(GBP). We are working on reducing this fee by working with local banks in Hong Kong for settlement.

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National Westminster Bank's Brief Profile:

NatWest is the leading bank for small business, with the highest small business market share (25%) and the largest number of small business accounts. Small business customers themselves consistently rate NatWest ahead of the competition. In an independent survey recently conducted by Taylor Nelson Sofres amongst 1000 small business customers of the UK's high street banks, NatWest was voted top in six out of seven indicators for performance, service and advice.

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1998 NEWSBOOK LIMITED

Room 1, 1/F, Hung Tai Bldg, 37-39, Hung To Road, Kwun Tong, Hong Kong (Property of Newsbook Group)

Tel:(852)27820197 Fax:(852)23967073 E-mail: info@newsbook.net

Newsbook Limited is the largest web hosting providers and email providers in Hong Kong. Newsbook have email, web hosting, web page design, dedicated servers and server colocation by 11 different idc data centers in Hong Kong and China. In email storage services section, we has web mail, pop3 email and send files etc function. For web hosting has Windows hosting plans and Linux hosting plans etc. Newsbook provides the best ecommerce web hosting at low cost for clients. Newsbook is the best web hosting companies. We have professional php or asp web hosting in Windows servers or Linux servers. You can host your websites in the best hosting companies. For dedicated servers section, Newsbook has Windows dedicated server, Linux dedicated server, server collocation, server rental, dedicated web server, dedicated linux servers, dedicated rent server, co-location etc. Newsbook is the best dedicated server hosting companies. You can host servers in the best dedicated server providers. Newsbook also managed dedicated servers. You can visit our idc data centers in Hong Kong and China. We provide the HK, China, tw, asia, .com, .net, .org domain name registration.

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