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Article #855

Re: Use of Merchant Account required.

#855
From: jilla262
Date: Sun, 08 Mar 1998 00:00
77 lines
3863 bytes
In article <01bd483e$08e8f920$LocalHost@default>,
  "A.P." <aparsons@tinet.ie> wrote:
>
> Hi all,
>
> I have a high volume low prices business. Transactions are only a few
> dollars.
> Is it possible to have an account where I would only pay a percentage of
> the turnover in fees, without the extra transaction charge?
> Can anybody tell me where I should go to find such an account?
> Alternatively, if I must establish my own account can anybody tell me why
> the set up costs are so high?
>
> Thanks in advance

Hi. I spent 6 months researching different credit card companies and
Visions Credit Union (for IBM employees) is one I've found that will
charge a percentage but no transaction fee ( i.e $.20-.$.60 swipe/nonswipe
fee). You need to be an employee or related
to an employee to enroll.


I just found out another company this week that looks good.

If you can send me your snail mail address, fax and phone number I
can pass it on to Howard Chanin. He will send out an
application and info if you don't want to leave your phone number.
However, if he speaks with you for a few minutes he might be able to
determine if you'll be accepted for MC/VISA so you'll know if you should
take the time to fill out the application form or not. They WANT to
accept people.
Up till now,  it's been a very frustrating search for me. Either I found
the equipment was $600 plus or else the software was $400 (ICVERIFY).Or you
can pay $29-$45 a month buy must sign a 2-4 year lease.
There are a few companies that will
process for you , but then they charge 15% a month.AARRGGH (plus a high
application fee). Howard can fill you in more about the company, but
I'll tell you a little bit briefly:

The name of the Company is S.C. F Incorporated and they've been in
business for 8 years.
It's $29.00 a month if you mention my name to Howard -(Debbie Cohen).
OTherwise, the equipment rental would be $34.00.
There's a $75.00 application fee (you'll get it back if not approved for
any reason))
Low transaction fees 1.79% for swipe and 2.5% for non-swipe plus
$.20 each swipe or $.30 each non-swipe.
The monthly statement is $10.00
That's it. Month by month- no commitment.

Basically, you can be up and running wihtin a few days for around
$125.00 and that includes your first month's costs. It's a good way if
you're curious to see how mc/visa can improve your business to check it
out. It annoys me that the equipment usually is $700 to purchase or you
have to sign a lease everywhere else and end up paying 3-4x the cost of
the software or equipment. What a racket!

If you want to reach yourself just ask for Howard Chanin
800-836-8486
Mention my name to get the $5.00 discount off equipment . Also, he's set up
some kind of referral program so I'd appreciate that.

Please feel free to e-mail me with any more questions you have.

Debbie Cohen

http://www.freeyellow.com/members2/selfawareness/


>
> A.P.
>


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From: jilla262@bigfoot.com
Subject: Re: Use of Merchant Account required.
Date: 1998/03/08
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Newsgroups: alt.internet.commerce,alt.make.money,aol.commerce.misc.ads