Anybody do online credit card processing? What are the percentages you pay?
adrixia asked:
My husband was griping about his 2.4% fees for processing credit cards through paypal. I had a rough time finding different service’s percentage rates. If you process credit cards online, which company do you use and what percentages do you pay? I don’t think 2.4 is too bad, but I don’t really know.
My husband was griping about his 2.4% fees for processing credit cards through paypal. I had a rough time finding different service’s percentage rates. If you process credit cards online, which company do you use and what percentages do you pay? I don’t think 2.4 is too bad, but I don’t really know.
He also pays $30 per month to have the service. He only does online transactions. About 200 per month.
BOBBY
If you want edit me? just go to your profile than add description text as many you like. ^_*
DIEGO
2.4% is about the going rate unless his 200 transactions per month add up to more than $1,000 each. Once you get above $250,000 you might get a slightly better rate.
He could also decide to only take other forms of payment – or add the 2.4% to his prices.
1MARIO
Don’t go by rate alone. The only way to compare companies is to compare the total of all fees for the month and divide by your Visa/MasterCard/Discover sales (this is what your rate really is for the month). Include all fees for example; monthly minimum, gateway fees, internet transaction fees, batch fees, network fees, any fees from third party companies besides your processor.
2