I thought it would be a good idea to list all the fees from the credit card providers. I am trying to gather all of the information I can from each Vendor and I will update this page as much as I can with as many providers as I can. If you have one with all the below information please PM me the information and I will post it up. I think this will make things a lot easier.
MERCHANT ACCOUNT:Discount Rate: 2.39%
Transaction Fee: .32
Monthly Fee: none
Statement Fee: $10.00
Batch Fee:.20
Virtual Terminal: INCLUDED
Monthly Min: *25.00
Time Delay: 3-4 days
Gateway Fee: 15.00 through Authorize.net (compatible with
)Set-up Fee: 0.00
Application Fee: 0.00
AVS Fee: 1.5%
Per Transaction Fee: NO
Charge back Fee: $25.00
American Express discount Rate: do not have info yet
American Express Transaction Fee: do not have info yet
Discover Discount Rate: do not have info yet
Discover Transaction Fee: do not have info yet
Additional Non-qualified Rate: additional 1.50% added to regular rate
Additional Mid-qualified Rate: additional 1.25% added to regular rate
ACH Rejection Fee: $25.00
Annual Fee: 0.00
Retrieval Request Fee: $10.00
Issue a refund: NONE
Cancellation Fee: 1 year $195.00 to cancel
* Monthly minimum is the amount that your transaction fees must add up to. For example if you process 10 $45.00 orders at 2.39% and .32 per transaction then you have processed only $13.96 in transaction charge which does not meet the monthly min. They then add the money ($11.04) to meet the minimum of $25.00 to your montly fee.
Website: www.monstermerchantaccount.com