It is amazing to me how often this is NOT talked about. We here all of these stories about start ups launching and then within two months doing X amount. Do most people realize your merchant will shut off your account if you exceed what you have signed off with your merchant? Do you know that you have to have a good credit score in order to get merchant services (accept credit cards).
Is anyone open to talking about their rates? I see many people are paying over 2% for qualified cards and sometimes almost 4% for non qualified plus all sorts of fees such as authorization fees, batch fees, payment gateway fee plus monthly fees.
I mean it seems some internet business startups can be paying anywhere from 2%-5% especially 5% if you are doing small transactions like 29.99 etc.
What would be considered a "good rate" for qualified and non qualified for a startup company? Please stick with "high risk" accounts only such as memberships sites where members do not receive anything tangible or may not get their desired results such as a dating site.
Is anyone open to talking about their rates? I see many people are paying over 2% for qualified cards and sometimes almost 4% for non qualified plus all sorts of fees such as authorization fees, batch fees, payment gateway fee plus monthly fees.
I mean it seems some internet business startups can be paying anywhere from 2%-5% especially 5% if you are doing small transactions like 29.99 etc.
What would be considered a "good rate" for qualified and non qualified for a startup company? Please stick with "high risk" accounts only such as memberships sites where members do not receive anything tangible or may not get their desired results such as a dating site.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
