Re: Payment Processors
This WebDNA talk-list message is from 2005
It keeps the original formatting.
numero = 63054
interpreted = N
texte = Hi Joe, Are you sure about Amex only charging you $5.00? The discount rate is a Visa/MasterCard rate but Amex is a seperate account that usually has a flat rate of 3.5% and they hold your money an additional 2 days.=20 Same applies to Discover, unless AMEX just recently changed something. I can setup an account with a Merchant Account, but the rate depends on industry and product. The AuthNet cost is $149.00 setup fee, $15.00 per month and $0.25 per transaction. The contract is month to month with a $5.00 statement fee. If you already have a merchant account and just want a comparison, we will do a side by side comparison to see if we can save you some money. Just send me an email, Sal D'Anna On 9/20/05, Joe D'Andrea
wrote: > Disclaimer: If you want to be introduced to the CC processor I use, I wil= l be happy to start that process. For that "introduction" they will pay me = $50. >=20 > My processor is Echo... http://www.echo-inc.com Been using them for at le= ast 7 years now. Started out with a small volume of sales that I processed = by hand through their gateway. Now we process thousands of transactions a m= onth and they're virtually all on-line and real-time. >=20 > The last time I checked, their set-up fee was $99 and the process to open= an account was pretty simple. As a MOTO (Mail order / Telephone Order) acc= ount I get charged $10/ month for a service fee. >=20 > For all transactions, I pay 20 cent per transaction. For Visa and Masterc= ard transactions, they hit me for 2.75% discount off the gross sales. I pay= no discount for American Express transactions, but Amex charges me just $5= /month since my amex volume is under $5K/month. >=20 > They have a web gateway for manual charges and they have an https API for= immediate transactions. For example, I keep all my client info in a webDNA= database. At a certain time each day I press on click on my custom develop= ed webadmin screen and a webDNA script goes through the database hunting fo= r clients who should be charged their monthly charge today. The script make= s an https connection to echo's API, gets a result and parses it. >=20 > The have their own FDIC bank. The net amount from each approved transacti= on is deposited in my account at their bank on the 2nd business day after t= he transaction. (i.e., any approved transactions that I process up to 3am E= astern time -- midnight their time -- are deposited in my bank account as c= ash and available to me first thing Thursday morning.) >=20 > Echo also has an optional service they call "Merchant America" which cost= s $14.95 and is basically a shopping cart system with hooks to their proces= sing engine. >=20 >=20 > ~joe >=20 >=20 > ------------------------------------------------------------- > 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:
Hi Joe, Are you sure about Amex only charging you $5.00? The discount rate is a Visa/MasterCard rate but Amex is a seperate account that usually has a flat rate of 3.5% and they hold your money an additional 2 days.=20 Same applies to Discover, unless AMEX just recently changed something. I can setup an account with a Merchant Account, but the rate depends on industry and product. The AuthNet cost is $149.00 setup fee, $15.00 per month and $0.25 per transaction. The contract is month to month with a $5.00 statement fee. If you already have a merchant account and just want a comparison, we will do a side by side comparison to see if we can save you some money. Just send me an email, Sal D'Anna On 9/20/05, Joe D'Andrea wrote: > Disclaimer: If you want to be introduced to the CC processor I use, I wil= l be happy to start that process. For that "introduction" they will pay me = $50. >=20 > My processor is Echo... http://www.echo-inc.com Been using them for at le= ast 7 years now. Started out with a small volume of sales that I processed = by hand through their gateway. Now we process thousands of transactions a m= onth and they're virtually all on-line and real-time. >=20 > The last time I checked, their set-up fee was $99 and the process to open= an account was pretty simple. As a MOTO (Mail order / Telephone Order) acc= ount I get charged $10/ month for a service fee. >=20 > For all transactions, I pay 20 cent per transaction. For Visa and Masterc= ard transactions, they hit me for 2.75% discount off the gross sales. I pay= no discount for American Express transactions, but Amex charges me just $5= /month since my amex volume is under $5K/month. >=20 > They have a web gateway for manual charges and they have an https API for= immediate transactions. For example, I keep all my client info in a webDNA= database. At a certain time each day I press on click on my custom develop= ed webadmin screen and a webDNA script goes through the database hunting fo= r clients who should be charged their monthly charge today. The script make= s an https connection to echo's API, gets a result and parses it. >=20 > The have their own FDIC bank. The net amount from each approved transacti= on is deposited in my account at their bank on the 2nd business day after t= he transaction. (i.e., any approved transactions that I process up to 3am E= astern time -- midnight their time -- are deposited in my bank account as c= ash and available to me first thing Thursday morning.) >=20 > Echo also has an optional service they call "Merchant America" which cost= s $14.95 and is basically a shopping cart system with hooks to their proces= sing engine. >=20 >=20 > ~joe >=20 >=20 > ------------------------------------------------------------- > 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/
sal danna
DOWNLOAD WEBDNA NOW!
Top Articles:
Talk List
The WebDNA community talk-list is the best place to get some help: several hundred extremely proficient programmers with an excellent knowledge of WebDNA and an excellent spirit will deliver all the tips and tricks you can imagine...
Related Readings:
Summing a field full of numbers ... (1997)
TCP Connect (1999)
Separate SSL Server (1997)
[WebDNA] Search using CL (2017)
Unexpected error (1997)
[Q] Novice's question (1997)
dollar $ signs in database (2000)
encryption (2003)
FoundItems Question (1998)
WebCat Error Log problem (2.0.1, acgi, Mac) (1997)
Re[2]: HELP: OS X Problem... (2000)
What am I missing (1997)
List archive status? (1999)
X etc.... (1999)
PSC recommends what date format yr 2000??? (1997)
Duplicate Cart Problem in Netscape (2000)
Multiple fields on 1 input (1997)
WebDNA vs SQL ? (2002)
Trunk-gator (1997)
[if] and [showif] (2002)