Forum Moderators: buckworks
Has anyone tried this? Do they require the 3-digit code for the lowest rate? Do they charge fees on-the-fly or do they charge them all at the end of the month? Is there a contract? How is customer service?
[edited by: lorax at 1:22 pm (utc) on Sep. 4, 2009]
I don't know what 3-digit code you mean.
Fees are charged once a month.
I don't remember much of a contract, but there was no "early termination" fee years ago when we started. Haven't needed CS much, but charge back department can be hit or miss.
What's new about it? Glanced at it a couple of years ago. You had to be a Costco member to use the service. There's no Costco store around so we'd be paying membership dues purely for the processing services.
Doesn't Sams Club have something similar? We're members there (their grocery dept is excellent) but I wouldn't trust Sams/Walmart with my data. They sell a few of the same things we do.
Also, you can always shop Costco online.
Just to clarify, the amounts you charge your customers are deposited to your account in whole and then they charge their fees at the end of the month? Are there a lot of mysterious/crap fees, or is it straightforward?
Each day's batch is deposited in whole to our bank account. All the fees are removed once a month. All fees are pretty straightforward- processing fees (per transaction), nightly batch fee, any chargeback fees.
