Credit Card Merchants -
their differences
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We do not endorse any of these merchants.
They are
listed here for your convenience and comparison!!!! |
2Checkout:
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● There is a one-time
set-up fee of $49.
● 5.5% commission on each
transaction, plus a $0.45 charge per transaction |
Paypal:
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Standard |
Pro |
Virtual |
| Monthly Fees |
Free |
$30.00 |
$30.00/(included w/ Pro) |
| Transaction Fees |
2.9%* + $0.30♦ |
2.9%* + $0.30♦ |
3.1%* + $0.30♦ |
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Paypal Standard:
● Customers shop on your
website and pay on PayPal.
● Technical Skills: HTML
Paypal Pro:
● Customers shop and pay on
your website or customers can pay on PayPal.
● Technical Skills: API
Shopping cart required.
● Includes Virtual Terminal – accept payments for orders
taken via phone, fax, and mail
Paypal Virtual Terminal
1.) Customer orders by phone,
fax, or mail with credit card.
2.) You enter order into Virtual
Terminal.
3.) PayPal processes the
transaction and you get paid.
*Lower rates available for over $3000.00 per month in
transactions and would also require a merchant
registration.
♦A
$0.30 fixed fee is
assessed for each authorization attempt. This includes
authorizations and completed transactions. |
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Propay account:
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Payjunction
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They do not want anybody know since there are no
rates posted on their site. They want you to call
and talk directly to a representative. |
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Merchant One
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Phone Orders |
ECommerce |
Wireless
v |
| Monthly Fees |
$7.95 |
$7.95 |
$7.95 |
| Transaction Fees |
2.15% + $0.25 |
2.15% + $0.25 |
1.19% + $0.25 debit
1.59% + $0.25 credit
2.15 + $0.25 Keyed In |
| Gateway Fee |
N/A |
$10.00/mo |
N/A |
| Wireless Access Fee |
N/A |
N/A |
$19.95/mo |
vWireless
Terminal cost $450.00 plus $35.00 setup fee. 1.19 rates
and 1.59 rates are swiped cards.
I did call and ask a representative. If you get
multiple services such as ECommerce and Wireless.
I would only be charged $5.00 for gateway fee, ecommerce
and wireless, for a total of $15.00. |
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| If you
have a business account setup at your local bank I would
contact them about what rates and fees they offer for
their merchant services. You could always use an
online service for website sales and a machine next to
your phone for phone sales. It may be less
expensive. Be sure to shop around. |
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| Information gathered and posted 4-21-09 |
