Re: [OT] - Credit card processing company fees
This WebDNA talk-list message is from 2004
It keeps the original formatting.
numero = 57318
interpreted = N
texte = >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
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Associated Messages, from the most recent to the oldest:
>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/
Terry Wilson
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