Quote:
Originally posted by Phil21:
15% is astronomically high. I do hosting...
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It's not high when you consider most 3rd party processors include (at no charge) advanced fraud scrubbing controls, membership management, 24/7 end-user customer service.. just to name a few. Try getting any of those features with a 1.5% - 3.5% discount rate from your merchant account.
That being said, considering the services you're billing for.. I suspect many processors would be willing to work with you on the transaction fee.
If you'd rather have your merchant account, try shopping around among smaller banks around the area -- I personally think they'd be more willing to bend any rules they might have regarding adult merchants. Just explain to them what you're business model is.. and that chargebacks most likely will not be an issue.
Even with your own merchant account, you'll probably want to use a 3rd party gateway provider, to handle the recurring billing. Expect to pay around $0.50 per transaction for that (in addition to whatever your merchant bank charges).
Nikkay - drop me an email if there's anything I can do for ya
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Eric Happel
Client Services
WebsiteBilling.com