Results 1 to 8 of 8
  1. #1
    Join Date
    Apr 2002
    Location
    Fort Wayne, IN
    Posts
    418

    Question Merchant Account Rates?

    Do these rates seem good for a Merchant Account? This stuff gives me a headache

    - $99.00 Authorize.net payment gateway license
    - No merchant account application fee
    - 2.29% discount rate (Visa & MasterCard)
    - $0.30 network connection fee (per occurrence)
    - $0.10 interchange fee (per occurrence)
    - $10.00 monthly gateway fee
    - $10.00 monthly bank statement fee
    - $25.00 monthy processing minimum

    If you know of something better please suggest it. I definitely want to use Authorize.net and defintely do not want to use PayFlow or anything else from Verisign. Any time I deal with Verisign I have to take an Advil afterwards.
    NxTek Solutions Inc - www.nxtek.net
    Award-winning Hosting, Development, and Ecommerce Solutions
    Locally-owned and operated Datacenter since 1999
    There is no best pizza, only the pizza that's right for you.

  2. #2
    Not bad but those monthly fees seem to add up quick. You may be able to find similar merchant accounts with the same features but with less monthly fees (slightly)

  3. #3
    Join Date
    Apr 2002
    Location
    Fort Wayne, IN
    Posts
    418
    Any suggestions?
    NxTek Solutions Inc - www.nxtek.net
    Award-winning Hosting, Development, and Ecommerce Solutions
    Locally-owned and operated Datacenter since 1999
    There is no best pizza, only the pizza that's right for you.

  4. #4
    Join Date
    May 2002
    Posts
    431
    I've yet to find a merchant account with lower monthly charges. The best I could find was the merchant account from ModernBill. Their monthly amounts are the same but no setup for Authorize.net and they have low discount and per transaction fees.
    Jordan Bouvier

  5. #5
    Wells Fargo

  6. #6
    Join Date
    Jul 2001
    Location
    St. Louis
    Posts
    379
    The rates seem in line with the norm. I think it depends upon your volume if you can justify the monthly minimums and fees.

    We have been using Authorize.net for some time and are very happy with their service.
    Brad @ Xiolink
    XIOLINK. Your data...always within reach.®
    http://www.xiolink.com
    1-877-4-XIOLINK [+01 314 621 5500]

  7. #7
    Wells Fargo is great, but their setup fee when we got our account was $149 if i remember, other then that, I found that they block alot of countires, and support is cumbersome, they tell you to call authorize.net for merchant info (IE: merchant info, not authorize.net help) then anet tells you to call wells fargo, and it goes like that for about 3-4 calls

  8. #8
    Join Date
    Jul 2001
    Location
    St. Louis
    Posts
    379
    Merchant accounts, like many other businesses go through agents to sell their services.

    For our Authorize.Net account, we used http://safesolutions.com. Michael was our contact. He was great to deal with and has been very helpful after our account was set up to work with Authorize.Net. We needed a credit line increase to keep up with our growth and he was able to help us work through the process very quickly.

    I highly recommend them!
    Brad @ Xiolink
    XIOLINK. Your data...always within reach.®
    http://www.xiolink.com
    1-877-4-XIOLINK [+01 314 621 5500]

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •