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What percentage do you *really* pay to your payment processor?
Tonearm

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 4610467 posted 6:33 am on Sep 18, 2013 (gmt 0)

With all of the hidden fees and shadiness, what percentage of your credit card volume do you actually pay to your payment processor? With my old one it was hard to tell because they took some fees out of each deposit and then more at the end of the month, but a rough calculation puts it at over 5%!

 

oliondor

5+ Year Member



 
Msg#: 4610467 posted 9:54 am on Sep 18, 2013 (gmt 0)

Too much anyway...

piatkow

WebmasterWorld Senior Member piatkow us a WebmasterWorld Top Contributor of All Time 5+ Year Member



 
Msg#: 4610467 posted 3:30 pm on Sep 18, 2013 (gmt 0)

A fraction over 3.5% - no fees on top of transaction charges but a GBP135 retention against chargebacks.

HRoth

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 4610467 posted 7:15 pm on Sep 24, 2013 (gmt 0)

5% is about what mine works out to be as well. They do their best to prevent me from discovering exactly how much they take each time they "wet their beak."

Tonearm

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 4610467 posted 5:43 am on Sep 25, 2013 (gmt 0)

Yes they do.... I've switched to Braintree and their flat-rate should save me a bundle.

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