Merchant Accounts (USA)

Replies to This Discussion

Permalink Reply by Shirley R. Patterson on January 30, 2009 at 2:46pm

I have been researching this for a while myself and still have not made a decision. I have an excell spreadsheet going of various companies and charges. There are many plans and many costs and it depends on the frequency of useage, etc. I will be following this post for some better insight.

• ▶ Reply

Permalink Reply by Michael Zappellini on January 30, 2009 at 3:54pm

I have a merchant account provided by Costco, in my research is the most convenient and the least expensive
I accept only master and visa, the machine I found it on ebay for 150 bucks.
Hope this help
Cheers
Michael Zappellini

• ▶ Reply

Permalink Reply by James Hazlerig - HypnosisAustin on January 30, 2009 at 4:13pm

Interesting you should ask. Just to day I got a recommendation from a fellow entrepreneur for a company he just raved about:

www.ABusinessStore.com

My friend said he paid $150 for the machine (new), $5 a month, 20 cents per transaction, and 1.7%. That should help you compare.

Best of luck,

James

• ▶ Reply

Permalink Reply by Synapse on January 30, 2009 at 7:05pm

Michael - Costco eh? I'll have to look into that. I've been warned you take your chances buying machines from eBay. I'm glad you found an honest seller.

James, just curious - does your friend own the machine outright, or does he have to give it back when he closes the account and does he incur any penalties for closing within the contract period?

• ▶ Reply

Permalink Reply by Michael Zappellini on January 30, 2009 at 8:26pm

Hi , yes my machine was new too and compatible with costco which supply the service for 1.6% per transaction with Visa
and Master Card and 25 cent per swipe, at that time was the most convenient ,but than again here in California Los Angeles county, it depends where u are.
Cheers
Michael

• ▶ Reply

Permalink Reply by Pattie Freeman CH.t, MST on February 22, 2009 at 7:28pm

I have a merchant account with PROPAY its. fair and never had a problem you can do cards through the internet, phone and your money can be transferred to your bank account or keep it in a seperate card account so you can keep better track of the funds. Just go to Propay.com very little to join also,,,I have been with it for 2 years and I am satified,

• ▶ Reply

▶ Reply to Discussion