Vovex Technology
New member
I have been reviewing a lot of credit card authorization companies the past week or so and I have noticed that for web transaction the asking percentage is huge. Anywhere from 2.8% - 3.5% for visa/mastercard acceptance.
I also found that if you were to manually have the credit card machine at your location of business... you could manually punch in the numbers yourself and obtain a rate of 1.7% Also by having the machine at your house, you would be able to take check orders over the phone and process them right there, without having the check in front of you.
If you are a small company and are only making 25-40% off of each sale, that extra 1-1.5% saved on credit card transactions can add up rather fast. Just think of it this way... every month you sell $1,000 of hosting/merchandise, you get $10-15 more in your pocket (gas money, and boy do we need it right now. Im paying $1.94 per gallon right now).
Just though I would pass this research on.
I also found that if you were to manually have the credit card machine at your location of business... you could manually punch in the numbers yourself and obtain a rate of 1.7% Also by having the machine at your house, you would be able to take check orders over the phone and process them right there, without having the check in front of you.
If you are a small company and are only making 25-40% off of each sale, that extra 1-1.5% saved on credit card transactions can add up rather fast. Just think of it this way... every month you sell $1,000 of hosting/merchandise, you get $10-15 more in your pocket (gas money, and boy do we need it right now. Im paying $1.94 per gallon right now).
Just though I would pass this research on.