Friday, June 25, 2010
I have done research into getting a merchant account to enable online payment processing. I currently use PayPal [pay on their site] for all forms of online payment-- and carry around a book of receipt vouchers for those who wish to pay with cash or check. I offer services like web hosting, business directory listings, custom software and web development.
I researched setting up the merchant account with my business bank, Costco and PayPal. Here is what I found:
|Per Transaction Fee||3%+$.30||1.99%+$.27||1.9% - 2.9% + $0.30|
|Special Considerations||None||Setup & monthly fees waived with Executive Membership $100 per year||Most cases free setup except Payflow Gateway|
Snapshot offering a bit more information about PayPal's integrated online payment services.