|
Merchant Account Service |
Industry Average |
Merchant Service Provider |
Merchant Application Fee |
$95-$250 |
FREE |
Setup Fee |
$49 - $150 |
FREE |
Authorize.net Gateway |
$195-$495 |
FREE |
Credit Card Machine |
$300 - $700 |
$169-599 |
Web Shopping Cart |
$300 |
FREE |
Cart Programming Charge |
$50-$95 |
FREE |
Shipping and Handling Charge |
$20-$35 |
$25 |
American Express and Discover Setup Fee |
$25-$50 |
FREE |
Average Approval Time |
1 - 2 weeks |
1 Business Day Approval |
Technical Support Hours |
8am-8pm Monday-Friday |
24 hours per day |
Internet / Mail / Phone Order Discount Rate |
2.95% |
2.12% |
Internet / Moto Transaction Fee |
35-50 cents per transaction |
23-25 cents per transaction |
Retail Discount Rate (face-to-face sales) |
1.95% |
1.63% |
Retail Transaction Fee (face-to-face sales) |
30-45 cents per transaction |
18-20 cents per transaction |
Statement/Customer Service Fee |
$12-$20 per month |
$5.00 per month |
Internet Processing Software Gateway Fee |
$35-$45 per month |
$15.00 per month |