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Thread: Merchant accounts

  1. Sep 12th, 2011, 10:01 PM #1
    andviv
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    Default Merchant accounts

    I wanted to start this thread to get a feeling for what other fastlaners are getting from their merchant accounts in regards to fees and services.

    For example, Bank of America is offering us this:

    $25 setup fee
    $94.75 annual fee
    $9.99 Monthly fee
    1.99% Discount rate (Visa, Mastercard, Discover) plus $0.20 transaction fee
    2.89% Discount rate (Amex) plus $0.15 transaction fee

    No cancelation fee.

    What are you getting from your bank?
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  2. Sep 13th, 2011, 09:14 PM #2
    andviv
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    bump... any takers?
    Palmera Tech -- Web Development Done Right!

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  3. Sep 14th, 2011, 10:25 AM #3
    sharky
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    We're using PayPal because of their micropayments option. 5% plus $0.05. Monthly fee is $30 for the Merchant Pro account.
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  4. Sep 14th, 2011, 06:19 PM #4
    trnkyit
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    This site should give you some answers. Credit Card Processing Companies, Fees, Rates | FeeFighters

    Corey
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