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> Off Topic: Credit Card Processing Fees., Help me understand.
Series9
post Mar 30 2012, 11:17 AM
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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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burton73
post Mar 30 2012, 03:53 PM
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With Square you cannot take a card from out of the country. No Canadian customers.

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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
Series9   OK. I just figured out that "ACH processing...   Mar 30 2012, 11:44 AM
Racer Chris   Deep breath. It looks like I'm paying 1.6% +...   Mar 30 2012, 12:31 PM
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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