My assumptions are that you are looking for an internet merchant account:
It says on their site they are an ISO/MSP for BancorpSouth Bank, Tupelo, MS. Looking at their fees page - well it seems a bit off. I clicked on MOTO since I did not want a retail.
The rates they post on that page - and their offers - well it seems hinky. Why do you want a terminal with a MOTO account? The point of a mail order / telephone account is to get an electronic payment gateway (LinkPoint, Verisign's Payflow, Authorizenet.com) and that gateway will give you a virtual terminal. You don't need any type of a POS terminal
And if you are looking at that 1.89% - that says debit rate - which is not the same as a credit card rate. They seem to be giving you a couple of different choices (number 3 & 4) but why do you need a terminal.
The pet related products - chances are no - you will probably use SIC 5995. Tell the merchant account processor what you think you will be doing in 12 months. Usually anything under $30,000 is pretty much automatically approved by most processors and you should be able to be processing the next day.
Some banks do take longer to approve you due to their underwriting.
But my point was that on their rate page they list an internet merchant account rate with a POS terminal to sell to you for $87 - something you don't need. So their rates page is somewhat trying to relay false information by showing that 1.89% debit rate to hopefully draw you in
Thanks for the reply. I found them in the Authorize.net reseller list, and added them to my look into list. I'm still looking as of right now.
It's certainly proving to be the most difficult of decisions. I checked with my bank, their fees were the highest I've seen so far.
CSI called me, but I didn't like the rep very much.
So are you saying if I was to make more than $30,000 a year it would be a problem? I'm not sure what I'll make, but am planning aggressive marketing.
I have never used TransFirst myself and due to the TOS of this board I cannot recommend them or not recommend them.
I have used Authorizenet.com and I prefer to use the LinkPoint gateway. Perhaps you should create a new post re: TransFirst or another gateway since you are looking for something new on this thread.
You will find usually more complaints re: some processors only because they are larger and they have more merchants etc. Example - Paypal. Fairly large and a number of merchants. But the more times you use a product / service, the more chances you have of having problems