Online
Credit Card Transaction Processing
A Primer on online credit card transaction costs...
(USA and Canada)
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Merchant
Accounts with no application fee
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Industry
Service Fees Comparison (U.S. $)
Please Note: Visa and MasterCard raised
processing rates on April 1, 2005 and the fees below reflect this
increase.
| Service | Industry Standard | Electronic Transfer Inc. |
| Customer Support | 8am-8pm/Mon-Fri | 24 hrs/day 7 days/week |
| Credit Restrictions | Very Strict | High Approval |
| Shopping Cart | $50 - $795 | FREE |
| Recurring Billing | $50 - $475
$15 -$50 Monthly |
FREE |
| Application Fee | $ 90 - $ 195 | FREE |
| Secure Server | $10 - $50 per month | FREE |
| Fraud Screening | $50 - $200
Set Up
$.20 - $1.00 Per Transaction |
FREE |
| American Express Setup | $ 50 - $ 75 | FREE |
| Check Processing Set Up | $100 - $250 | FREE |
| Multi-User Sub Accounts | Set Up $50
- $150
$10 - $50 Per Month |
FREE |
| Address Verification Fee | $.05 - $.10 Per Transaction | FREE |
| Batch Processing | $50 -$250
Set Up
$.05 - $.10 Per Transaction |
FREE |
| Monthly Statement Fee | $10 - $15 Per Month | $9.95 Per Month Retail |
| Swiped Rate | 1.79% -
2.2%
$.20 - $.30 Per Transaction |
1.75%
$.25 Per Transaction |
| Internet Processing Rate | 2.29% -
2.95%
$.30 - $.35 Per Transaction |
2.25%
$.29 Per Transaction |
| Mail/Phone Order Rate | 2.29% -
2.95%
$.30 - $.35 Per Transaction |
2.25%
$.29 Per Transaction |
| Secure Gateway | $20 - $495
Setup Fee
$.10 - $.50 Per Transaction $10 - $30 Per Month |
$49 One
Time
$.10 Per Transaction $10 Per Month |
| Approval Time | 2 - 3 weeks | 1 - 2 days |
| MOTO=Mail/Telephone
Order, UNSWIPED=credit card not present, AVS=Address Verification System
|
The
minimum monthly charge a merchant must pay in Transaction Fees and
Discount Rate Fees is $20. American Express & Discover quote their
own rates and are approved separately from Visa and MasterCard rates.
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Accounts with no application fee |
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