Question:
I had a discussion months ago about PayPal being expensive, and mentioned their were less expensive options for big sellers out there. Then I couldn’t find the one I was thinking of, but I just stumbled across this one: http://www.995merchantaccounts.com/rates 2.39% + .25 per transaction. But you have to pay $30 per month in statement & gateway fees, so it certainly doesn’t make sense for me or Bertha. But since so many Powersellers appear here sporadically…. A
Response:
I had a discussion months ago about PayPal being expensive, and mentioned their were less expensive options for big sellers out there. Then I couldn’t find the one I was thinking of, but I just stumbled across this one: http://www.995merchantaccounts.com/rates 2.39% + .25 per transaction. But you have to pay $30 per month in statement & gateway fees, so it certainly doesn’t make sense for me or Bertha. But since so many Powersellers appear here sporadically….
The best merchant account deal is with Costco, for executive members. Here in Canada (from my memory) it’s 1.66% for swiped cards, 2% for transactions phoned it by the merchant and 2.2% for Internet transactions. There’s no monthly fee, but a terminal (at $25 a month) is required for that 1.66% rate. Minimum of $10 a month in transaction fees (which would take $500 a month in transactions at 2%). I don’t know exactly what the deal is in the USA but from what I’ve heard, it is far better than a small business could otherwise get.
Response:
I had a discussion months ago about PayPal being expensive, and mentioned their were less expensive options for big sellers out there. Then I couldn’t find the one I was thinking of, but I just stumbled across this one: http://www.995merchantaccounts.com/rates 2.39% + .25 per transaction. But you have to pay $30 per month in statement & gateway fees, so it certainly doesn’t make sense for me or Bertha. But since so many Powersellers appear here sporadically…. A
I have a 1.9% rate from paypal plus the usual fees.
Response:
I have a 1.9% rate from paypal plus the usual fees.
Only if you have another merchant account and use Paypal as an Additional Payment Option or you are doing over a hundred thousand a month in Paypal payments received.
Response:
I had a discussion months ago about PayPal being expensive, and mentioned their were less expensive options for big sellers out there. Then I couldn’t find the one I was thinking of, but I just stumbled across this one: http://www.995merchantaccounts.com/rates 2.39% + .25 per transaction. But you have to pay $30 per month in statement & gateway fees, so it certainly doesn’t make sense for me or Bertha. But since so many Powersellers appear here sporadically…. A
You can find cheaper pay services all over the net and cheap merchant accounts but you gotta remember one thing — most buyers ,with any common sense, are not ever going to start sending CC info or bank account info to so off-the wall pay service or direct to a seller they never heard of who never have a secure site i e https We had our merchant account from 1983 until 2003 – I used it on Ebay for 4 yearss until I woke up one day and saw the light – lots of folok were not going to send me their CC info over the net – I don’t blame them I dropped the merchant account and signed up with Paypal – it costs me a bit more than I was paying but, believe it or not, my sales almost doubled - now about 90% or higher of my sales are paid with PP – it works great When Ebay acquired PP it made them legit with buyers – not just another pay service
Response:
- Hide quoted text — Show quoted text – I had a discussion months ago about PayPal being expensive, and mentioned their were less expensive options for big sellers out there. Then I couldn’t find the one I was thinking of, but I just stumbled across this one: http://www.995merchantaccounts.com/rates 2.39% + .25 per transaction. But you have to pay $30 per month in statement & gateway fees, so it certainly doesn’t make sense for me or Bertha. But since so many Powersellers appear here sporadically…. The best merchant account deal is with Costco, for executive members. Here in Canada (from my memory) it’s 1.66% for swiped cards, 2% for transactions phoned it by the merchant and 2.2% for Internet transactions. There’s no monthly fee, but a terminal (at $25 a month) is required for that 1.66% rate. Minimum of $10 a month in transaction fees (which would take $500 a month in transactions at 2%). I don’t know exactly what the deal is in the USA but from what I’ve heard, it is far better than a small business could otherwise get.
Is there a gateway fee? Internet merchants usually have another "Gateway Fee" which is usually a killer. A
Response:
- Hide quoted text — Show quoted text – I had a discussion months ago about PayPal being expensive, and mentioned their were less expensive options for big sellers out there. Then I couldn’t find the one I was thinking of, but I just stumbled across this one: http://www.995merchantaccounts.com/rates 2.39% + .25 per transaction. But you have to pay $30 per month in statement & gateway fees, so it certainly doesn’t make sense for me or Bertha. But since so many Powersellers appear here sporadically…. A You can find cheaper pay services all over the net and cheap merchant accounts but you gotta remember one thing — most buyers ,with any common sense, are not ever going to start sending CC info or bank account info to so off-the wall pay service or direct to a seller they never heard of who never have a secure site i e https We had our merchant account from 1983 until 2003 – I used it on Ebay for 4 yearss until I woke up one day and saw the light – lots of folok were not going to send me their CC info over the net – I don’t blame them I dropped the merchant account and signed up with Paypal – it costs me a bit more than I was paying but, believe it or not, my sales almost doubled - now about 90% or higher of my sales are paid with PP – it works great When Ebay acquired PP it made them legit with buyers – not just another pay service
That may be, but my point was only that cheaper deals can be found if you’re a high volume seller. A
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