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When
I Recommend Using Paypal As The Better Alternative Instead
What? A sales guy handing over a potential sale over to competitor?
That's right, I'm doing it. Here's why.
Not everyone that wants to accept credit cards is a good prospect for
a Visa or Mastcard assigned merchant account. Anyone who's selling
online, for example, that does less than $1600 in monthly sales is
better off using a third-party processor like Paypal.
Unlike a direct merchant account, Paypal is a third-party processor
because they take the responsibility for all sales. This means that if
you have an online store and accept a credit card through Paypal and
have a chargeback issue, Paypal accepts the bulk of any penalties.
More importantly there is a cost benefit to using Paypal. With paypal
there are no monthly fees, if you are selling through your website. You
are not able to personally key in credit card sales. Instead, Paypal's
gateway handles the entire sale. Not having to pay monthly fees allows
sellers to reduce fees. However, in exchange for a no monthly fee, no
contract merchant account, there going to be fees higher than with a
regular merchant account. Here's a side by side comparison of what you
can expect to pay and where you'll save money.
Read the entire article
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1-888-604-3443
Ralph
Prado
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Blatant
Advertising:
CREDIT CARD PROCESSING
Ok.
Here's my sales pitch area.
If you've never accepted credit cards at your
business, this is how much it will cost you.
$10/month
(A monthly statement fee)
Visa
& Mastercard Credit
1.68%
+ .25 cents per transaction
Visa
& Mastercard Debit Cards
1.38%
+ .25 cents per transaction
We
also have a monthly minimum required that your account must
reach.
$25.
This means that your total sales must be around $1,600 a month
(1.68% X 1600= $26.88) Otherwise, if your sales are, let's say
$1000, meaning only $16.80 has been generated in fees, then
you'll get charged the difference ($8.20) that month to make up
the difference you didn't reach in fees. Does this make sense.
Those
are the basic fees. Please contact me to explain the other stuff
that you should be aware of. Or click here to read more about credit
card processing fees.
Want to learn even more? Go
back to my credit
card processing home page and click on another topic.
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