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




msg:4610469
 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




msg:4610546
 9:54 am on Sep 18, 2013 (gmt 0)

Too much anyway...

piatkow




msg:4610667
 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




msg:4612387
 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




msg:4612503
 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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