Credit Card Processing

As I discussed on another post here is the Information for my Credit Card Processing Provider: United Bank Card ROSS POLONETSKY 800-525-6909 ext. 207 New Accounts Manager In order for you to get the deal I have you must let him know I refered you so mention my Name; Tim Robinson with R & R Lawn Care. Stop using PayPal and start putting the money where it belongs, back in your pocket. IF you missed the earlier post here is the Info again: Free Wireless terminal with free 24 hour tech support. (the size of a Blackberry with a belt clip) Qualified Check Card Rate of *1.35% Qualified Credit Card Rate of *1.69% Mid-Qualified Surcharge of 1.39 + $0.10 cents Non-Qualified Surcharge of 1.89 +$0.10 cents Per Transaction Fee of $0.19 Monthly Services Fee of $0.00 Minium Discount * $0.00 Anual Fee $99.00 Batch Fee $0.35

[Steve]

Lawn care business tips

Tim, For the others just jumping in here, can you remember what some of the hidden fees were of paypal? What stood out as something you didnt like?

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Sweet, I'll check it out.

Paypal's not that bad either, I've used it for years when selling and buying on Ebay.

[Little's]

I have over 200 positive ebay feedback and used paypal for most of my transactions, and there are no hidden fees that I came across. It was a flat 2 or 3 percent across the board. Ebay on the other hand always had extra fees, although they werent really hidden, they did add up fast.

Paypal has a retainage fee ( im not 100% sure if that is what they call it but that is what it is) that they hold back so you never get all your money. as far as ebay buy/selling it is probly ok because you only see total available with in your account. and the best they can do is 3% +, ( my aunt sold over 50k in product last year and that is what she pays ) now if you have them transfer the money directly into you bank account so you can use that money in the real world they charge you for that transfer and your bank may also charge you for receiving the transaction. now if you use there little debit card how much are you being charged to get to your money or pay for something any where between $2 - $5 for each time you run it. it may seem like a good thing and it might be if your doing intranet sales because your just moving money from onr to another with in the same provider and they still make money on that, but we are not doing inyranet sales and this is what paypal was set up to do. not to be a major credit card processing provider. I would have to get the rates and fees email they sent me when I looked into them. To give out any more info. These are just the main points i remember off hand. If I'm wrong on this please correct me. I will dig up the paperwork paypal sent to me and I will post the rates they quoted me.

Thanks Tim

PS. I only listed this to try and help save others money and advance the chance of bringing on new customers.

[Steve]

We do appreciate your view points!

I bet a lot of readers are trying to figure out which one to do with.

It seems many lco's go with paypal when they are starting off maybe because it is easier to set up but it does seem that the process to get a merchant account has gotten easier as well.

[Little's]

Found this on their website. Maybe this can help someone decide.

1. Products and Fees (all Fees are stated in US Dollars).

1. Website Payments Pro:

Services Included or Optional Fees
Direct Payment API
Express Checkout

Included
Transaction Fees:

Rate: Monthly Sales Volume:
2.9% + $0.30 USD $0.00 USD - $3,000.00 USD
2.5% + $0.30 USD $3,001.00 USD - $10,000.00 USD
2.2% + $0.30 USD $10,001.00 USD - $100,000.00 USD
1.9% + $0.30 USD* $100,001.00 USD and over

Monthly Fee: $30.00 USD

*Applies to Express Checkout only
Virtual Terminal Optional
Transaction Fees:

Rate: Monthly Sales Volume:
3.1% + $0.30 USD $0.00 USD - $3,000.00 USD
2.7% + $0.30 USD $3,001.00 USD - $10,000.00 USD
2.4% + $0.30 USD $10,001.00 USD - $100,000.00 USD
Risk Controls Optional No charge
Recurring Payments Optional No charge

2. Website Payments Pro Payflow Edition:

Services Included or Optional Fees
Direct Payment API
Express Checkout

Included
Transaction Fees:

Rate: Monthly Sales Volume:
2.9% + $0.30 USD $0.00 USD - $3,000.00 USD
2.5% + $0.30 USD $3,001.00 USD - $10,000.00 USD
2.2% + $0.30 USD $10,001.00 USD - $100,000.00 USD
1.9% + $0.30 USD* $100,001.00 USD and over

Monthly Fee: $30.00 USD

*Applies to Express Checkout only
Virtual Terminal Optional
Transaction Fees:

Rate: Monthly Sales Volume:
3.1% + $0.30 USD $0.00 USD - $3,000.00 USD
2.7% + $0.30 USD $3,001.00 USD - $10,000.00 USD
2.4% + $0.30 USD $10,001.00 USD - $100,000.00 USD
Fraud Protection Services Optional Basic: $20.00 USD a month plus $0.05 USD per transaction
Advanced: $50.00 USD a month plus $0.10 USD per transaction
Recurring Billing Optional $29.95 USD a month

3. Virtual Terminal:

Services Included or Optional Fees
Virtual Terminal Included
Transaction Fees:

Rate: Monthly Sales Volume:
3.1% + $0.30 USD $0.00 USD - $3,000.00 USD
2.7% + $0.30 USD $3,001.00 USD - $10,000.00 USD
2.4% + $0.30 USD $10,001.00 USD - $100,000.00 USD
Recurring Payments Optional No charge
Risk Controls Optional No charge

4. Additional Fees:

Authorization Fee for each successful uncaptured Direct Payment API, or Virtual Terminal authorization $0.30 USD
Cross-Border Fees for Direct Payment API, Virtual Terminal, or Express Checkout transactions (for receiving payments from buyers outside the United States) 1.0% added to the Transaction Fees
Failure to use Express Checkout Fee (applies to Website Payments Pro and Website Payments Pro Payflow Edition) Up to 1.0% added to the Transaction Fees for failure to use Express Checkout as stated in section 1(h).
Risk Factors Fee Up to 5.0% added to the Transaction Fees if PayPal determines that your Account presents Risk Factors as stated in section 1(i).

[Steve]

Good info!

So it seems like there is a higher % fee
higher per transaction fee
and a monthly fee.