 Off Topic: Credit Card Processing Fees., Help me understand. |
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| Series9 |
 Mar 30 2012, 11:17 AM
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#1
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Lesbians taste like chicken.  Group: Members Posts: 5,453 Joined: 22-August 04 From: DeLand, FL Member No.: 2,602 Region Association: South East States  |
I have a CC processing service that allows me to swipe cards on my iPhone. I love the service, but the fees are killing me.
Who can explain ACH processing? My bank account is getting hit all the time with this fee and there is no tracking number attached to it. It can be like $50 a couple of times a month. I need to fix this. When all the fees are taken into account, I'm paying like 15%. |
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| Series9 |
Mar 30 2012, 11:44 AM
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#2
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Lesbians taste like chicken. Group: Members Posts: 5,453 Joined: 22-August 04 From: DeLand, FL Member No.: 2,602 Region Association: South East States |
OK. I just figured out that "ACH processing" is a generic term to note that a payment was made. It later fills in with the tracking info.
I thought it was a CC fee, but I was wrong. Deep breath. It looks like I'm paying 1.6% + about $29 per month. |
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| ChrisFoley |
Mar 30 2012, 12:31 PM
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#3
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I am Tangerine Racing Group: Members Posts: 8,020 Joined: 29-January 03 From: Bolton, CT Member No.: 209 Region Association: None 
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QUOTE(Series9 @ Mar 30 2012, 12:44 PM)  Deep breath. It looks like I'm paying 1.6% + about $29 per month. There are also added fees for processing payments from people using a company credit card or a "cashback" card. You'll pay them but never get to see what the percentage is or whose card created the extra charge. |
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Posts in this topic
Series9 Off Topic: Credit Card Processing Fees. Mar 30 2012, 11:17 AM
SLITS Taking credit cards costs money .... while it used... Mar 30 2012, 11:25 AM poorsche914 PayPal is coming out with a phone card swiper. Onl... Mar 30 2012, 11:26 AM vsg914 Just don't take them. I trade with lots of sup... Mar 30 2012, 11:26 AM kevin311 Try this I have been using it for about a year wit... Mar 30 2012, 11:28 AM
Series9
Try this I have been using it for about a year wi... Mar 30 2012, 11:31 AM kevin311 I've never seen anything else and I watch my a... Mar 30 2012, 11:33 AM biosurfer1 looks like Square is a good option, but their cust... Mar 30 2012, 11:37 AM Rand Square is cool. I love it that you can take cards ... Mar 30 2012, 11:43 AM kevin311 Wow, I never saw that! I have nver had any iss... Mar 30 2012, 11:44 AM euro911 Short term, you're stuck, but long term, you c... Mar 30 2012, 12:58 PM balljoint We pay something like 1.75%, but only MC and VISA.... Mar 30 2012, 01:06 PM no1uno Rates are also usually more if the card is not pre... Mar 30 2012, 03:41 PM burton73 With Square you cannot take a card from out of the... Mar 30 2012, 03:53 PM biosurfer1
No Canadian customers.
Why would you want any?... Mar 30 2012, 05:06 PM aircooledtechguy I've considered not taking cards, however, so ... Mar 30 2012, 06:12 PM 76-914 I use INTUIT. 2.7 if swiped and 3.7 if entered man... Mar 30 2012, 06:22 PM |
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