Re: [OT] - Credit card processing company fees
This WebDNA talk-list message is from 2004
It keeps the original formatting.
numero = 57329
interpreted = N
texte = Wow Terry, That's a big cost... The prices for my clients cost will be a bit more than yours so it might not be so bad. Thanks. -- Pedro Rivera Jr. Home: 310-631-8265 Cell: 310-756-3267 At 4/13/04 9:52 AM, "Terry Wilson"
wrote: >> On Apr 12, 2004, at 10:28 PM, Pedro Rivera wrote: >> >>> So a total of $25 a month? >>> >>> No charge per transaction? > > The other charges, I believe, are determined by my bank and the > processing agent, not Authnet. The exact numbers depend on your > particular situation, but basically, they most definitely nickle and > dime you per transaction. I just did my taxes, so this data is fresh > in my mind: > > - percentage from each sale in the 2-3% range (I pay 2.8%) > > - Authnet gateway $25 is typical currently > - per transaction, flat wats fee: V & MC .20 (Amex and Disc .15) > - per transaction, Address verification: .10 > - foreign cards, interchange rate: about 2.5% > - you hang onto a charge and don't capture it until a week later: .20 > - per check or debit card: around .20 > - service charge: 6.50/mo. not sure whose this is, the processor? > - ACI missing or invalid (have no idea what this is.. once in a while > I have one) .25 > > All of the second group of fees above amounted to about 2/3 of the > percentage I paid. My sales are usually under $50, and now that I've > made some changes to my membership structure, many are under $20. If > your sales involve bigger amounts, then naturally the per transaction > fees are a better deal for you than they are for me. > > I might add that with Authorize.net you can now do recurring billing. > I have signed up for that, it also incurs a monthly charge, $20 I > think. > > Hope this helps. > > Terry > > ------------------------------------------------------------- > This message is sent to you because you are subscribed to > the mailing list . > To unsubscribe, E-mail to: > To switch to the DIGEST mode, E-mail to > > Web Archive of this list is at: http://webdna.smithmicro.com/ ------------------------------------------------------------- This message is sent to you because you are subscribed to the mailing list . To unsubscribe, E-mail to: To switch to the DIGEST mode, E-mail to Web Archive of this list is at: http://webdna.smithmicro.com/
Associated Messages, from the most recent to the oldest:
Wow Terry, That's a big cost... The prices for my clients cost will be a bit more than yours so it might not be so bad. Thanks. -- Pedro Rivera Jr. Home: 310-631-8265 Cell: 310-756-3267 At 4/13/04 9:52 AM, "Terry Wilson" wrote: >> On Apr 12, 2004, at 10:28 PM, Pedro Rivera wrote: >> >>> So a total of $25 a month? >>> >>> No charge per transaction? > > The other charges, I believe, are determined by my bank and the > processing agent, not Authnet. The exact numbers depend on your > particular situation, but basically, they most definitely nickle and > dime you per transaction. I just did my taxes, so this data is fresh > in my mind: > > - percentage from each sale in the 2-3% range (I pay 2.8%) > > - Authnet gateway $25 is typical currently > - per transaction, flat wats fee: V & MC .20 (Amex and Disc .15) > - per transaction, Address verification: .10 > - foreign cards, interchange rate: about 2.5% > - you hang onto a charge and don't capture it until a week later: .20 > - per check or debit card: around .20 > - service charge: 6.50/mo. not sure whose this is, the processor? > - ACI missing or invalid (have no idea what this is.. once in a while > I have one) .25 > > All of the second group of fees above amounted to about 2/3 of the > percentage I paid. My sales are usually under $50, and now that I've > made some changes to my membership structure, many are under $20. If > your sales involve bigger amounts, then naturally the per transaction > fees are a better deal for you than they are for me. > > I might add that with Authorize.net you can now do recurring billing. > I have signed up for that, it also incurs a monthly charge, $20 I > think. > > Hope this helps. > > Terry > > ------------------------------------------------------------- > This message is sent to you because you are subscribed to > the mailing list . > To unsubscribe, E-mail to: > To switch to the DIGEST mode, E-mail to > > Web Archive of this list is at: http://webdna.smithmicro.com/ ------------------------------------------------------------- This message is sent to you because you are subscribed to the mailing list . To unsubscribe, E-mail to: To switch to the DIGEST mode, E-mail to Web Archive of this list is at: http://webdna.smithmicro.com/
Pedro Rivera
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