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.
http://1mortgagecalculator.info
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.
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.