<p>Alternatives to PayPal include Google Checkout and Amazon Payments btw, you can check those out too for something quick.</p>
<div class="gmail_quote">On Nov 1, 2011 4:24 AM, "Neil" <<a href="mailto:hackspc@narwani.org">hackspc@narwani.org</a>> wrote:<br type="attribution"><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
Hi all,<br>
<br>
New to this list and still lurking, until I get around to an intro. However, some quick notes re: merchant accounts...<br>
<br>
Beware: there are 2 general rates you get charged at -- the base rate and the corp/rewards/int'l rate. The latter is higher and applies to any international CC, corporate CC, and any CC where the card-holder gets any form or reward (cash back, miles, points, etc). And the catchy low rate is if you physically swipe the card vs. keying it in via a virtual terminal (website such as <a href="http://authorize.net" target="_blank">authorize.net</a>).<br>
<br>
In theory, I was supposed to be paying 2.9% base rate and a bit higher for the corp/int'l/rewards cards, but in practice (from bank statements) it seems that in the past year over 95% of my transactions are charged at the higher rate, and that works out to be ~5.9% (!!!). Remember there's a flat per-transaction charge also.<br>
<br>
Most will accept MC/Visa/Disc, and Amex is usually separate/higher.<br>
<br>
Don't forget to ask about monthly fees, annual fees (yes, some have both), chargeback fees, refund fees (yes, some charge a percentage to issue a refund), statement fees, batch fees (daily for sending the money to you account), and minimums.<br>
<br>
I've been shopping for a new processor again, and so far Chase seems to be one of the better ones, at 2.25% + $0.20 for either base or corp/int'l/rewards cards. I have a list of different rates/fees/etc from a handful of other companies and can get it for you when I get back.<br>
<br>
Cheers,<br>
-Neil.<br>
<br>
<br>
<br>
Quoting Chris Hardee <<a href="mailto:shazzner@gmail.com" target="_blank">shazzner@gmail.com</a>>:<br>
<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
We use our bank's merchant services along with Auth.net to process<br>
payments, which in turn we use freshbooks to handle reoccuring billing and<br>
keep track of accounts.<br>
<br>
On Mon, Oct 31, 2011 at 9:27 PM, Carlyn maw <<a href="mailto:carlynorama@gmail.com" target="_blank">carlynorama@gmail.com</a>> wrote:<br>
<br>
<blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
So CRASH Space just tried to get a merchant services account via<br>
<a href="http://dharmamerchantservices.com" target="_blank">dharmamerchantservices.com</a> and they were cool, but their under writing<br>
bank (Moneris) was freaked out by the fact that we, gasp, taught lock<br>
picking and associated with "hackers." I think it is kinda funny.<br>
<br>
They are going to put us in touch with someone else, although it is likely<br>
we'll just go with our bank and sign up with <a href="http://authorize.net" target="_blank">authorize.net</a> directly, but<br>
anyone have a credit card processing group they like? Anyone know anything<br>
about <a href="http://beanstream.com/" target="_blank">http://beanstream.com/</a> ? I'm probably going to call them tomorrow<br>
just to get a feel for them.<br>
<br>
Happy Halloween...<br>
Best,<br>
-- Carlyn<br>
<br>
<br>
<br>
<br>
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<br>
<br>
--<br>
Chris Hardee<br>
10BitWorks<br>
San Antonio Hackerspace<br>
<a href="mailto:10bitworks@gmail.com" target="_blank">10bitworks@gmail.com</a><br>
<a href="http://10bitworks.com/" target="_blank">http://10bitworks.com/</a><br>
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