|
|
|
|
|
Having scoured the market in order to find the best merchant account products to offer to our customers, the list below represents some of the most
competitive rates and features combinations available. For any further questions, don’t hesitate to contact us. To apply for one of the merchant accounts below, fill out our application form. A preliminary answer is usually given within 1 to 5 business days
Each Merchant
Account below has different costs involved. To help you make the best choice for your business, a comparison chart of total monthly costs for various sales amounts is given at the bottom of the page.
Levels 1 to 4 are merchant
accounts which will show your company name on your customer’s credit card statement. This projects a more professional and trustworthy look and decreases chargebacks. Level 5 will show a third party on your customer’s statement. However,
acceptance into Level 5 is much easier and quicker.
All amounts are in United States dollars.
|
|
|
|
|
|
Level 1
|
Level 2
|
Level 3
|
Level 4
|
Level 5
|
|
Accept Visa:
|
|
|
|
|
|
|
Accept Mastercard:
|
|
|
|
|
|
|
Accept American Express*:
|
|
|
* |
* |
|
|
Accept Discover:
|
|
|
|
|
|
|
Accept Eurocard:
|
|
|
|
|
|
|
Accept Switch:
|
|
|
|
|
|
|
Accept Delta:
|
|
|
|
|
|
|
Accept JCB:
|
|
|
|
|
|
|
For International Merchants****:
|
|
|
|
|
|
|
US Merchants Only:
|
|
|
|
|
|
|
Qualified discount rate:
|
2.99%
|
3.95%
|
2.29%
|
3.75%
|
5.5%
|
|
Non-qualified (outside USA) discount rate:
|
N/A
|
N/A
|
3.99%
|
5.45%
|
5.5%
|
|
Multi-currency** discount rate:
|
5.5%
|
5.5%
|
N/A
|
N/A
|
N/A
|
|
Per tranaction fee - online:
|
$0.00
|
$0.00
|
$0.30
|
$0.55
|
$0.45
|
|
Per tranaction fee - voice:
|
N/A
|
N/A
|
$1.50
|
$1.50
|
N/A
|
|
Fraud screening per transaction service fee:
|
$0.10
|
$0.10
|
N/A
|
N/A
|
N/A
|
|
Monthly minimum:
|
$0.00
|
$0.00
|
$25.00
|
$0.00
|
$0.00
|
|
Monthly fee:
|
$60.00
|
$25.00
|
$0.00
|
$0.00
|
$0.00
|
|
Monthly Gateway fee:
|
$0.00
|
$0.00
|
$19.95
|
$0.00
|
$0.00
|
|
Chargeback rate:
|
$25.00
|
$25.00
|
$25.00
|
$25.00
|
$30.00
|
|
Monthly Statement fee:
|
$0.00
|
$0.00
|
$10.00
|
$0.00
|
$0.00
|
|
Reserve funds kept:
|
|
|
|
|
|
|
One-time Setup fee:
|
$935
|
$310
|
$0.00
|
$349
|
$49.00
|
|
Annual fee:
|
$0.00
|
$0.00
|
$99.00
|
$99.00
|
$0.00
|
|
Automatic recurring billing:
|
|
|
|
|
|
|
Online (virtual) terminal:
|
|
|
|
|
|
|
Needs US bank account:
|
|
|
|
|
|
|
Needs US incorporation:
|
|
|
|
|
|
|
Needs US address:
|
|
|
|
|
|
|
Length of contract:
|
1 year
|
1 year
|
1 year
|
1 year
|
None
|
|
Remittance directly to bank account:
|
|
|
|
|
*** |
|
Remittance by check:
|
|
|
|
|
*** |
|
Remittance charge:
|
|
|
|
|
|
|
Remittance frequency (business days):
|
5-20
|
5-20
|
3-5
|
3-5
|
10-12
|
|
Acceptance time (business days):
|
3-5
|
3-5
|
3-5
|
3-5
|
1-2
|
|
Transaction currencies:
|
3+**
|
3+**
|
USD
|
USD
|
USD
|
|
Provides clients with printable receipt:
|
|
|
|
|
|
|
|
|
Below is a comparison of monthly costs for each merchant account for various amounts of monthly sales. It assumes all your sales are Qualified Discount
Rate sales and no chargebacks occur. It also assumes an average sale of $50.00. Keep in mind that a high rate of chargebacks can increase your costs dramatically.
These figures are given for the stated assumptions, which may not
apply to your business, and are given as an example only. To help you make a better decision, construct a similar table for your particular business situation and needs. Accepting multiple currencies can increase international sales.
If you need help on making a decision, don’t hesitate in contacting us.
|
|
$1000/month sales
|
92.90
|
67.50
|
67.10
|
56.75
|
64.00
|
|
$2000/month sales
|
125.80
|
110.00
|
73.10
|
105.25
|
128.00
|
|
$5000/month sales
|
226.50
|
237.50
|
182.70
|
250.75
|
320.00
|
|
$10000/month sales
|
389.00
|
450.00
|
327.20
|
493.25
|
640.00
|
|
$20000/month sales
|
718.00
|
875.00
|
616.20
|
978.25
|
1280
|
|
$50000/month sales
|
1705
|
2150.00
|
1483.20
|
2433.25
|
3200
|
|
$100000/month sales
|
3350
|
4275.00
|
2928.20
|
4858.25
|
6400
|
|
$250000/month sales
|
8285
|
10650
|
7263.20
|
12133
|
16000
|
|
$500000/month sales
|
16510
|
21275
|
14448
|
24258
|
32000
|
|
|
|
|
* American Express requires physical product to ship for online merchants to be accepted. American Express also requires a separate merchant account which we can arrange for you if you indicate it on your application. Acceptance for the
other credit cards does not mean automatic acceptance for American Express Also, the discount rates charged by American Express may be higher and are assigned on a case per case basis by American Express.
|
|
|
|
** Level 1 and Level 2 merchant accounts allow you to accept your choice of 3 currencies. Additional currencies, upto 120, may be added on for an additional and one-time, per currency fee.
|
|
|
*** Level 5 offers no-fee for ACH deposits to US or participating Canadian bank accounts. FREE Check Payment or Low Cost Wire to Non US Bank Accounts
|
|
|
|
**** Merchants outside the US and Canada can apply for Levels 1 and 2. However, all startup costs, rates and approval and remittance times will be determined on a case by case basis. The credit card companies determine this by the
country you live in, your expected volume, the type of product you sell, etc.
|
|
|