04-15-2008, 08:33 PM | #1 (permalink) |
I love Derf!! Join Date: Jan 1 2004 Location: little rock
Posts: 1,488
Rep Power: 22 | cc debit cards I may swtich processing companies. The company i am thinking of going with one of the things they have told me i will get is a flat rate of .25 on each debit card trasaction. My current processor has told me this is not possible. Does anyone have this and is what it says it is? |
04-15-2008, 10:29 PM | #2 (permalink) |
I vote for DERF! Join Date: Jan 6 2004 Location: Midwest-ish
Posts: 4,400
Rep Power: 22 | Re: cc debit cards Well I dont take debit cards since I do not have a pin-pad, they get processed as credit card instead. My rate is 20 cents per transaction and 1.41% of the sale for both Visa & Mastercard. I know if I could do debit it would be even less than that. Thats about all I can tell you!
__________________ OMG! I made a post! :) |
04-17-2008, 04:04 PM | #4 (permalink) |
Join Date: Feb 14 2004 Location: Florida
Posts: 131
Rep Power: 21 | Re: cc debit cards My debits are a flat .30 - plus a .20 transaction fee. I would definitely recommend doing debits, you can save big on your processing fees. Run every card possible as a debit. You can truly compare processing companies by dividing your total monthly charges by your total number of transactions. They seem to be good at "hidden" fees. My per transaction fee is around .78, this includes debits & regular charge cards. |
07-19-2008, 11:18 PM | #5 (permalink) |
Join Date: Jul 17 2008 Location: North Carolinia
Posts: 76
Rep Power: 0 | Re: cc debit cards ask them if there are any other charges like a network fee..these can range from a few cents to 3 bucks each transaction....when it boild down to it most of these companies pay the same fee's they just juggle where they charge you for them. |
09-09-2008, 10:31 AM | #7 (permalink) | |
Join Date: Sep 8 2008 Location: East Stroudsburg, PA
Posts: 8
Rep Power: 0 | Re: cc debit cards Quote:
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09-09-2008, 10:33 AM | #8 (permalink) | |
Join Date: Sep 8 2008 Location: East Stroudsburg, PA
Posts: 8
Rep Power: 0 | Re: cc debit cards Quote:
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09-11-2008, 07:33 PM | #10 (permalink) | |
Join Date: Sep 3 2008
Posts: 8
Rep Power: 0 | Re: cc debit cards Quote:
Sorry for rambling...to answer your question the answer is depends....EVERYONE'S RATES DEPENDS ON YOUR VOLUME. You are going to get great rates and fees if you have high volume, but for the salon owner who is just starting or doesn't do more than $2000 a month in processing....good luck getting a qualified rate less than 1.85%...then again....its not what you know but who you know..... | |
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