I notice many of these CC processing companies like Revecom and Instabill have a $1.00 fee per transaction and an additional percent fee. This can be quite a high percentage rate depending on your average transaction cost when they are added together.
What would your average transaction amount be for a month and what percent were you charged per transaction adding in the dollar charge?
Im sure you must have it figured out how much your paying percent wise, right?
I currently have a merchant account with Wells Fargo and Verisign. The only charges are a 19.00 a month charge at Verisign for online Internet processing and then a small % cost per transaction from Wells Fargo.
This account is NOT for Web Hosting.
The added benefits of recurring billing are nice to have and may be worth looking into with these services but I'd really like to know if many of you find yourself getting a regular merchant account eventually or want one because of high transaction costs?
If this is so, I'll just get another Merchant account and go that way.
Thanks for your input.