In Reply to: Re: Agreed, they're theives! posted by Rod M on December 19, 2002 at 15:29:11:
So get a commercial card processing account and see what you pay. You'll have to look hard to find someone who'll give you under 2.5% for processing Visa, Mastercard and Discover. Amex is likely to be over 3%. Then there are setup fees, usually in the hundreds. And monthly fees, seldom under $20-30. Why is it so amazing that as an individual, with no business credentials, the ability to accept a credit card as payment from another person carries a premium, which in reality is less than 1/2% more than what most businesses are paying?Jim
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Follow Ups
- Re: Agreed, they're theives! - James L 15:53:46 12/19/02 (4)
- BTW: Check out Paypal's plan per their SEC filing.... - Rod M 17:04:41 12/19/02 (1)
- Re: BTW: Check out Paypal's plan per their SEC filing.... - Ross 09:48:59 12/23/02 (0)
- Re: Agreed, they're theives! - Rod M 16:23:36 12/19/02 (0)
- There are other VERY low cost alternatives. - mikemalter 16:06:12 12/19/02 (0)