Nice, I was thinking of creating this thread not too long ago, but got sidetracked.
Please stick with "high risk" accounts only such as memberships sites where members do not receive anything tangible or may not get their desired results such as a dating site.
Do you want to create 2 threads? One for low/mid risk tangible goods, the other one for high risk intangibles?I know some e-commerce stores doing 100K per month and only using Pay Pal.
That seriously makes no sense. Everyone should be aiming at reducing paypal usage on their site, they are such a rip off.Can someone experienced expand on the following:
1) Difference between non-qualified and qualified
2) Average per transaction fee
3) Average monthly account charge, with anti-fraud included (fixed fees)
4) Why is authorize.net so popular? It's just a gateway, doesn't include merchant and has a high fixed monthly fee amounts.
5) What's the average that merchant accounts (only their rate, without payment gateway) charge per transaction, as well as monthly fee.
6) How does batch fee work?
7) Is tokenization an ability to save payment info in your merchant's database and request it next time a purchase is made, without making the customer retype it all again?
Last time I spoke with a sales rep, he wasn't too good at explaining things... Just kept saying "yes" in a very unconfident voice...
Source: http://www.thefastlaneforum.com/fastlane/42899-talk-processing-fees-internet-business.html
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