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jwolthuis: the 2% fee moves the burden of accounts receivable to the banks
sun818: Its not something you can really avoid since the infrastructure is in place.
HRoth: There is no credit card tax. There are fees for processing credit cards. They are a cost of doing business
woop01: People think 2% is pretty good because in this sector, online payments, it is pretty good.
woop01: Getting upset about it won't be nearly as productive as finding a way to work with it.
[edited by: tangor at 5:51 pm (utc) on Jan 20, 2012]
tangor: Only governments can TAX. Businesses charge fees/rates for service done. Change the language and the discussion will go more smoothly. Continuing to call transaction fees a TAX will win no supporters for lower FEES.
1. A fixed sum charged, as by an institution or by law, for a privilege:
2. A charge for professional services: a surgeon's fee.
3. A tip; a gratuity.
4. Law An inherited or heritable estate in land.
If your transaction fees are costing the same or near same as shipping costs, then your business plan is flawed, you do not have sufficient mark up in product.
Warehousing and shipping runs around 10 percent of costs for the average ecommerce business," said Nate Gilmore, VP of marketing and business development for Shipwire.
You made it political, not us.
Are there solutions out there that will charge monthly fees instead of % off transaction?
If you don't like the fee charged to handle transactions ... get a different processor.
tangor: There is nothing "burdensome" in the world of financial transactions. If you don't like the fee charged, FIND A DIFFERENT PROCESSOR (that's capitalism).
My processor is treating them like credit cards. I would like to know if others who are ecommerce only are able to get the cheap rate for debit card processing.