Was wondering if anyone know of any merchant account that is cheap. I want to get one that will do authorize.net, I was thinking of going to wells fargo merchant are they good? Anyone got any special going on on merchant account I'm in need of one.
It all depends on where you are located, monthly volume, etc. Overseas (from the US) - it is a bit more difficult and and the discount rates are a bit higher. In the US - rates van vary per company and volume.
I'm in the US, my volume is low to start off so I need something with no monthly fee. I'm using 2checkout now, But i really need a real merchant, I tried to applied for modernaurthroize, they seem pretty good. anyone got any other suggestion?
Honestly, if you need a real merchant account, there are going to be some monthly fees that you cannot get around. Especially the statement & support fee. Sometimes this fee is separate, and other times its a single rate.
Other fees that you can get around are monthly minimums, application fees, setup fees, and annual fees.
Well you are going to pay something for it. Why would a company start a business and expect to give services or products away? There is a gateway fee, monthly fees etc.
If you are processing over $1,000 a month, a merchant account is usually cheaper as Corey pointed out. At the $1,000 mark, you are probably looking at about 5% in charges, compared to the 5.5% plus in 2CO.
Corey helped me with a merchant account and he might be able to help you out as well.