Merchant accounts

[andviv]

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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[andviv]

bump... any takers?

 

[sharky]

We're using PayPal because of their micropayments option. 5% plus $0.05. Monthly fee is $30 for the Merchant Pro account.

 

[trnkyit]

This site should give you some answers. Credit Card Processing Companies, Fees, Rates | FeeFighters

Corey

 

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