 Off Topic: Credit Card Processing Fees., Help me understand. |
|
|
|
Porsche, and the Porsche crest are registered trademarks of Dr. Ing. h.c. F. Porsche AG.
This site is not affiliated with Porsche in any way. Its only purpose is to provide an online forum for car enthusiasts. All other trademarks are property of their respective owners. |
|
|
| Series9 |
 Mar 30 2012, 11:17 AM
Post
#1
|
|
Lesbians taste like chicken.  Group: Members Posts: 5,446 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%. |
   |
 
|
  |
Replies
| aircooledtechguy |
Mar 30 2012, 06:12 PM
Post
#2
|
|
The Aircooledtech Guy Group: Members Posts: 1,966 Joined: 8-November 08 From: Anacortes, WA Member No.: 9,730 Region Association: Pacific Northwest |
I've considered not taking cards, however, so many people pay with cards these days, that it's just the cost of doing business.
I have my processing through Costco and I like it. If you're paying 29.95 a month +a %age of the swipe your getting (IMG:style_emoticons/default/sheeplove.gif) No need to pay that much. As Chris said, literally every card has a different rate, so the only way to know is by pouring over your statement and seeing what each swipe cost and do the math. A lot of places are adding a 2% or 3% surcharge on all transactions to cover the majority of these fees. I'm considering that myself when I figure even with my 2-bit operation I loose about $1K a year in these fees!!! It's the customer who ends up paying these in the form of higher prices on everything. CCs are a PITA, but part of being in business. . . |
|
|
|
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 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 76-914 I use INTUIT. 2.7 if swiped and 3.7 if entered man... Mar 30 2012, 06:22 PM |
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:
|
Lo-Fi Version | Time is now: 9th May 2025 - 08:53 AM |
Invision Power Board
v9.1.4 © 2025 IPS, Inc.