Question
Would these be considered good rates for merchant services?
Rate 1... 1.49% Debit card swipe (no pin number entered) +.20 per Item Rate 2... 1.99% Credit Card Swipe +.20 per Item Rate 3... 2.59% Credit and Debit card manually keyed in +.20 per Item Rate 4... 3.24% Corporate Cards +.20 per Item $0.20 Per batch $0.70-$0.96 no percentage rate for debit cards with a pin number entered. Other fees that may apply: $ 19.95 Monthly fee (waived if you process $5000 a month or 100 transactions a month or own your own equipment) $0.15 T&E authorization fee (American Express)
9 months ago - 1 answers
Best Answer
Chosen by Asker
The rates you listed above are competitive and can be considered a good deal. The only real concern I would have is that $19.95 monthly fee which is about $10 too high. But it does sound like they are including the cost of leasing a terminal in there so if you do own your own equipment it becomes reasonable again. I do recommend purchasing your own equipment as it will be the most cost effective way to go about acquiring equipment. eBay auctions usually offer the best pricing by a mile. Just make sure they don't require a merchant account to get their special pricing (not very common anymore).
Source(s)
I run a merchant account website www ... I wrote a Merchant Accounts 101 article www ...
by stymiee
9 months ago
Asker's Rating: 