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  1. #1

    Thumbs up Merchant account rates compare

    interchange* + 0.30% + 15c

    OR

    Qualified: 2.04% + 0.18c per transaction.
    Non-Qualified: 2.62% + 18c per transaction.

  2. #2
    Join Date
    Oct 2004
    Location
    USA
    Posts
    811
    Hi,

    What are your sources?

  3. #3
    Join Date
    Mar 2010
    Location
    Chennai, India
    Posts
    286
    which merchant account is this? what does it say non and qualified one..
    HostASP.NET offers Affordable, Reliable ASP.NET Web hosting India / USA | Linux plans, Hyper-V Virtual dedicated servers (VPS)

  4. #4
    Join Date
    Jan 2011
    Location
    London
    Posts
    603
    Quote Originally Posted by svr60z View Post
    interchange* + 0.30% + 15c

    OR

    Qualified: 2.04% + 0.18c per transaction.
    Non-Qualified: 2.62% + 18c per transaction.

    can you explain, which account details these are?

  5. #5
    Join Date
    Mar 2010
    Location
    Florida, USA
    Posts
    186
    A couple of comments regarding your question:
    First and most importantly, if you are comparing merchant accounts based on rates, you are completely off base and making yourself an easy target for gougers. There are tons of things to consider in addition to just rate, and you need to compare processing schedules based on the entire program as a whole, not just the individual components.

    Secondly, it is impossible to answer your question about which program is 'better' without more information on your part. For example, what is your projected volume and average ticket amount. What will be the projected breakdown of qualified/midqualified/nonqualified for your unique business? And why are you only quoting qualified and non-qualified?...what about mid-qualified?? Hint: If someone is trying to sell you a two-tiered pricing structure instead of three-tired, you are probably being overcharged.

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