Industry sector: Retail and wholesale

Architectural salvage: Bank/finance charges/interest

You may decide to borrow money to finance your architectural salvage business, either by way of an overdraft or a loan.

You will have to pay interest on any money borrowed and there will also be bank charges due on the operation of your business bank account. Interest and charges are normally debited from your bank account every quarter - your bank will be able to help you estimate the amounts that will be due.

Card charges and PayPal

If you have a merchant account and payment gateway and you accept direct payment by credit or debit card, you will have to pay monthly card charges. Similarly, if you open a PayPal business account, or a similar account with another online payment service provider like Nochex, you will have to pay their fees. PayPal charges sellers fees on a per transaction basis, with an additional fee due for cross-border transactions.

PayPal deducts its fees from your PayPal account. Full details of PayPal's charging structure are available on their website.

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