Transaction Fees for Domestic Payments—United States
Virtual On-Line Credit Card Processing and Website. No Equipment Required, No Monthly Rental Fees. $575.00 One Time Setup Fee.
The Business Merchant Account features:
Low cost. No monthly fees, no cancellation fees, and no minimum payments. Lower transaction and start-up fees than other merchant accounts
No extra hardware needed. Quick setup. Click here
to Sign up and get started.
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*Don't be like the owner in the story below...
A True Story: a friend of mine opened a small resort camp in the upper peninsula of Michigan. I said I knew a processor that would give him a great deal on equipment and a fair price. "Nope", he said, "I'm getting 1.49% and 17cents on everything with a processor that came in to see me yesterday." I said that was impossible to get that rate on everything, that is was below interchange rates. "Nope", he said, "they swore to me I'd get that rate on everything."
Two months later he asked me to take a look at his statement and explain why he was paying so much. They were changing him 1.49% and 17 cents on all transactions, just like they said they would. Of course, in the "other fees" section they also were charging him another 1.49% and another 17 cents on all transactions. By the time all his other fees were added in, he had an
effective rate close to 3.8% and 34 cents a transaction. He didn't listen! If he had, he would have cut his costs significantly.
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