Re: OT Credit Card machines

Posted by Hobo,NC on August 04, 2013 at 19:04:59 from (71.30.81.167):

In Reply to: OT Credit Card machines posted by Mike (WA) on August 01, 2013 at 10:25:57:

I just reviewed my July statement....

Going thru my bank all in said and done my fee's and all the other chit they can dream up came in just a tad under 2.5% of total sales... $40 was their fee's and 11.00 was the discount I was charged on customer CC's (Two) ... all the rest were debit no discount fee's charged to me tho I was charges $11.00 to accept them...

Last mo they were 3.5%,,,it has took a 3 mo are so to figger out the cards they ream my arse on.... I got took for $70 on rewards cards...

If you do less than 2K a mo CC sales I would go with the fixed 2.5% smart phone deal ( that I don't know all the hidden fee's on)...

All you are gonna get from the processors is the discount fee's charged on cards back to ya... Its all the other chit they dream up they don't tell you about...

Network access fees

Merchant compliance fees

VS fee's card present

VS card not present fee's

Debit Network interchange fees

Pin debit authorization fees

Card brand fees

MC and VC non qualified fee's

Theirs more I spec... :evil: :evil:

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