It is amazing to me how often this is NOT talked about. We here all of these stories about start ups launching and then within two months doing X amount. Do most people realize your merchant will shut off your account if you exceed what you have signed off with your merchant? Do you know that you have to have a good credit score in order to get merchant services (accept credit cards).
Is anyone open to talking about their rates? I see many people are paying over 2% for qualified cards and sometimes almost 4% for non qualified plus all sorts of fees such as authorization fees, batch fees, payment gateway fee plus monthly fees.
I mean it seems some internet business startups can be paying anywhere from 2%-5% especially 5% if you are doing small transactions like 29.99 etc.
What would be considered a "good rate" for qualified and non qualified for a startup company? Please stick with "high risk" accounts only such as memberships sites where members do not receive anything tangible or may not get their desired results such as a dating site.
Is anyone open to talking about their rates? I see many people are paying over 2% for qualified cards and sometimes almost 4% for non qualified plus all sorts of fees such as authorization fees, batch fees, payment gateway fee plus monthly fees.
I mean it seems some internet business startups can be paying anywhere from 2%-5% especially 5% if you are doing small transactions like 29.99 etc.
What would be considered a "good rate" for qualified and non qualified for a startup company? Please stick with "high risk" accounts only such as memberships sites where members do not receive anything tangible or may not get their desired results such as a dating site.
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