[thelist] Accepting Credit card on line?

Tom Dell'Aringa pixelmech at yahoo.com
Wed Feb 18 15:41:32 CST 2004


--- Jake Aust <mail_lists at jakesdiner.com> wrote:

> $15 statement fee (monthly)
> 30c per transaction

Just a side note - during the "black days" of the dot bomb I worked
selling merchant accounts for a couple of months. You shouldn't pay
more than $10 a month for a statement fee if you can help it. Ask
them to reduce it. They usually will to keep your business. You
should be able to get in the $7-9 range.

Also, 30 cents per transaction is a bit high IIRC. You should at
least be able to get 25 cents. Don't let these merchant companies
railroad you into figures. They are *always* negotiable, you just
have to ask. They know you can pretty much go anywhere to get
service, and they'd rather have you than not.

HTH

Tom

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