October 10, 2010
Looking to find a good retail merchant account?
sttkbagholder asked:
I got a quote from a particular merchant account provider, can i do any better?
I got a quote from a particular merchant account provider, can i do any better?
This is what they quoted for swiped cards:
Visa/MC rate: 1.69% + $0.20 per transaction
Visa/MC Debit rate: 1.49% + $0.20 per transaction
Monthly Gateway Fee: $0.00
Monthly Statement Fee: $8.00
Monthly Minimum: $0.00
Monthly Wireless Fee: $0.00
Annual Fee: $0.00
There is also no other fees like set up or admin etc. Can I do any better?
Filed under retail by on Oct 10th, 2010. Comment. 
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Comments on Looking to find a good retail merchant account?
Just use paypal.com They are the best!!
That is an excellent offer and should be difficult to beat. However, make sure they aren’t “making it up” somewhere else. Ask them what their mid-qualified and non-qualified fees are. These are fees you have to pay for special credit cards and for other special transactions. These happen with regularity and if their fees are high for these it would balance out the rates they have quoted you for your regular transactions.
Good additional questions as to ask are “How much will I pay for rewards cards?” and “How much willI I pay for corporate cards?”.