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Originally Posted by David - PG
The above assumptions were - let me quote it again -How on earth will you bill this at 7.5% with your merchant account?
Gateway fee: 15 cents
Merchant Bank per Transaction: 50 cents (paid on every approved and declined (!) transaction)
Merchant bank: 4-6%
CB Fee: $35-$50
Refund fee: $0-$5
Throw in a couple chargebacks & refunds and you're quickly paying 9%-14% billing costs with your merchant account (assuming you have trials - and the CB, RF & decline numbers are industry standard). A merchant account is *NOT* cheaper than 3rd party on trials. This is a myth, a lie. It doesn't compute. Anything below 15% is good. That's the truth.
I see you in every thread throwing sand into people's eyes like that. Why? What is the purpose of this misinformation?
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Chargeback fee is $25 and our chargebacks are less than 1/4 of 1%. Refund fee (30¢) does not happen if there is a chargeback and visa-versa. Not only that but we control our own scrubbing through Netbilling so we get at least 15% better conversions than we ever did with 3rd party processing.
BTW - Our processing rate at the bank is 4.5% and 30¢.
It is not sand. It is the truth. We save money, period!
Z