homepage Welcome to WebmasterWorld Guest from 54.166.53.169
register, free tools, login, search, pro membership, help, library, announcements, recent posts, open posts,
Pubcon Platinum Sponsor 2014
Home / Forums Index / WebmasterWorld / Ecommerce
Forum Library, Charter, Moderators: buckworks

Ecommerce Forum

    
What merchant fees to expect
Looking to offer online transactions
Robert123

10+ Year Member



 
Msg#: 3959 posted 2:12 am on Jun 21, 2005 (gmt 0)

Does anyone have a good metric for what to expect for a merchant account rate for average transactions of $5,000.00-?

Our normal merchants fees are between 2-3%. Is there a way to keep this fee or does it have to increase because it is being processed online?

 

Corey Bryant

WebmasterWorld Senior Member 10+ Year Member



 
Msg#: 3959 posted 1:47 pm on Jun 21, 2005 (gmt 0)

How many transactions per month?

-Corey

justgowithit

10+ Year Member



 
Msg#: 3959 posted 2:31 pm on Jun 22, 2005 (gmt 0)

There is no
good metric
. That would require consistency. And consistency is not something that is common in merchant services.

In fact, it is possible for the same merchant service provider, agent, ISO, or whatever to offer different rates and fees to each and every one of their customer… like I said, no consistency.

Your question is a little broad. The rates and fees you will pay will depend on which third-party processor(s) are able to underwrite your business. Your personal credit, business history, product, industry, return policies, etc. will all have an affect on the rates and fees you would be able to expect.

gany

5+ Year Member



 
Msg#: 3959 posted 6:21 pm on Jun 22, 2005 (gmt 0)

The merchant fees for online Internet transactions which are non face to face transactions normally start at 2.00% and go up depending on the risk of the business.

The transaction fees are based on the type of risk and the business model. Certain types of businesses are considered risky by Visa and MasterCard standards therefore will require a higher merchant discount rate depending on the risk factor.

If you maintain your account in good standing and establish a repo with your processor and maintain your chargebacks below (Visa) 1% for domestic accounts and 2% for international accounts, you might be able to negotiate your rate with your processor.

Gany

Global Options:
 top home search open messages active posts  
 

Home / Forums Index / WebmasterWorld / Ecommerce
rss feed

All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Home ¦ Free Tools ¦ Terms of Service ¦ Privacy Policy ¦ Report Problem ¦ About ¦ Library ¦ Newsletter
WebmasterWorld is a Developer Shed Community owned by Jim Boykin.
© Webmaster World 1996-2014 all rights reserved