You're right. I mistyped. But it's still only per swipe. No monthly fee. -----Original Message----- From: Duaine Hechler <dahechler at att.net> To: pianotech <pianotech at ptg.org> Sent: Wed, Jan 23, 2013 9:22 pm Subject: Re: [pianotech] Credit Card Service providers - which one? Wim, There website show 2.75% per swipe. Where do you come up with 1.7% ? Duaine On 01/24/2013 12:22 AM, tnrwim at aol.com wrote: > Jurgen > I highly recommend the square. https://squareup.com/ , used on an Iphone. The devise is free, and is very easy to use. > You only pay for each transaction, not a monthly fee. The transaction is only about 1.7%. You know instantly if the > transaction has been approved, and you get the money in your bank account in 1 - 2 days, including weekends and holidays. > Wim > > -----Original Message----- > From: Jurgen Goering <pianoforte at pianofortesupply.com> > To: pianotech <pianotech at ptg.org> > Sent: Wed, Jan 23, 2013 7:45 pm > Subject: [pianotech] Credit Card Service providers - which one? > > Like most other businesses which accept accept credit cards, I am hounded by calls from companies saying they can > provide credit card transaction services for less. This has prompted me to review my actual costs for credit card > transactions. Although the nominal fee ("base rate") of my service provider is 1.8%, by the time all is said and > done, the actual amount of cream that is skimmed off is actually much higher. > > After the base percentage is bumped up for "non-qualifed" transactions and other fees, I am at over 2.4 %. When I > factor in monthly account fees, service fees, access fees, transaction fees and a quarterly PCIC fee (what's that, > anyway?) of $34.95, my actual deductions are between 3.3% to over 5%, depending on the month. > > Of course the competition promises me sky high savings, but I suspect they have their own fees and charges that I will > only find out about once I have signed on, not to mention a cancellation fee if I am not happy with their fee structure. > > My questions are: > > What service are you using, and what is at actually costing you (total fees and charges divided by total sales per month)? > > I am currently with Moneris, considering switching to Federated Payments. Doing on-line research reveals a lot of > complaints about Federated, but Moneris also gets a few black eyes - it seems if you look for a negative review > online, you will find it. > > Who has navigated these murky waters and has found a good service as a good cost - or are they all playing the same > shell game with unintelligible fee structures? > > Please share your experiences. If you don't want to mention company names that is OK, you can also email me privately > if you wish. > > Jurgen Goering > Piano Forte Supply > info at pianofortesupply.com <mailto:info at pianofortesupply.com> > > > > > -- Duaine Hechler Piano, Player Piano, Pump Organ - Tuning, Servicing & Rebuilding (314) 838-5587 / dahechler at att.net / www.hechlerpianoandorgan.com Home & Business user of Linux - 13 years -------------- next part -------------- An HTML attachment was scrubbed... URL: <https://www.moypiano.com/ptg/pianotech.php/attachments/20130124/8eab8566/attachment.htm>
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