Looking for merchant with no setup fee

[redoct2k3]

I am currently on the lookout for a merchant account with little or no setup fee. Paypal is not an option for me as I process too much and sell intangible goods.

Any help would be much appreciated.

[Corey Bryant]

No one can really answer your question without knowing what country you are in.

Most merchant account providers do not charge any type of set up fee any longer, but some electronic payment gateways do charge a set-up fee.

-Corey

[redoct2k3]

I am based in the US.

Question, if I have two merchant accounts can I use the same gateway, or do I need one per account?

So yes, I need a merchant account based in the US that handles $30-50K/mo in transactions.

[Corey Bryant]

You would need two gateways because you would have two merchant account numbers, MIDs, and TIDs. So the gateway would be programmed for that particular merchant account.

Anything over $30,000 is going to be scrutinized a bit more. But don't tell a MAP that you need $30,000 when you think you will be selling $50,000 in one month. This will cause you more problems in the long run. You are basically asking to borrow this money from the MAP and then depending on the issuing bank, up to six months can pass before the money is truely yours.

-Corey

[sun818]

> as I process too much and sell intangible goods.

I think Paypal Website Payment Pro is one of the few options where you know exactly what you will be paying per month and per transaction. I've gone through several iterations of a merchant account and what the sales guys tell you and what the actual contract has written is often times different. I think its much easier to forecast expenses when you have a fee structure so simple as Paypal's Website Payment Pro.

[topguy29]

You might check out loudcommerce, they offer different options