accepting visa and mastercard?

J

jose206

New member
Can someone recommend a good company to me? I'm looking to do this with my android phone. I've found a company called paynetsystems, anyone have experience with them?
 
PayPal was my first guess, so out of sheer curiosity, I went and looked at their rates. 3.10% Visa / MC + $0.30 per process for the transaction fee. Plus $35.00 a month for the account. That's for less than $3000 a month in transactions. Over $12,000 a month and the rates drop to 2.40%.



Have they absolutely lost their minds ?!?!?!? I pay $25.00 a month for my leased (leased to own) IP-based POS machine, $10.00 a month for the merchant account, and then my rates are 1.42% Mastercard, 1.49% Visa, and $0.09 per process for the transaction fee.



Be very careful with getting a merchant account to accept credit cards with, and shop around. IMO, that industry is a massive rip-off. If anything, they should be GIVING merchants the accounts and machines for FREE and encouraging people to use their credit cards everywhere and rack up balances and interest.
 
Definitely give Intuit's GoPayment a look. Fairly good keyed rates and works with just about any good smartphone on the market. I use it with my MOTO Droid and absolutely love it.
 
IC3DT3 said:
Definitely give Intuit's GoPayment a look. Fairly good keyed rates and works with just about any good smartphone on the market. I use it with my MOTO Droid and absolutely love it.
Click to expand...

I'd look into the bluetooth card reader, as it drops your rates by 0/8%.... just a thought
 
WAS said:
I'd look into the bluetooth card reader, as it drops your rates by 0/8%.... just a thought
Click to expand...



Yeah, it's definitely on my want list. I just don't process enough cards as of yet to really justify the cost.
 
WAS said:
PayPal was my first guess, so out of sheer curiosity, I went and looked at their rates. 3.10% Visa / MC + $0.30 per process for the transaction fee. Plus $35.00 a month for the account. That's for less than $3000 a month in transactions. Over $12,000 a month and the rates drop to 2.40%.



Have they absolutely lost their minds ?!?!?!? I pay $25.00 a month for my leased (leased to own) IP-based POS machine, $10.00 a month for the merchant account, and then my rates are 1.42% Mastercard, 1.49% Visa, and $0.09 per process for the transaction fee.



Be very careful with getting a merchant account to accept credit cards with, and shop around. IMO, that industry is a massive rip-off. If anything, they should be GIVING merchants the accounts and machines for FREE and encouraging people to use their credit cards everywhere and rack up balances and interest.
Click to expand...



There is a way around that I use-it might not be so convenient in the field unless you have a wifi connection or one of those smart phones that can pull up the web.



Basically I made a "donation button" in a hidden html file. I go to my url/hiddenFile.html then press "donate" then enter the amount they owe me and process as a CC w/out logging into Paypal. I enter the customer's information and only get charged the typical 2.99% + 32¢ No monthly fee BS either.
 
tssdetailing said:
There is a way around that I use-it might not be so convenient in the field unless you have a wifi connection or one of those smart phones that can pull up the web.



Basically I made a "donation button" in a hidden html file. I go to my url/hiddenFile.html then press "donate" then enter the amount they owe me and process as a CC w/out logging into Paypal. I enter the customer's information and only get charged the typical 2.99% + 32¢ No monthly fee BS either.
Click to expand...

That's definitely cheaper, but still, 2.99% plus 32 cent transaction fees are crazy ! That means on a $500.00 transaction, the fees total to $15.27 !!



Granted, yes, you don't have the same overhead costs as a fixed location (such as rent / lease / mortgage, electricity, etc), but still, that's just robbery from PayPal :grrr
 
How can I do that hidden html thing? I dont know much about site building...I made a business account and made a button for gift certificates which I plan on using on my site and a donation button to use your trick.
 
I dont take credit cards and never will. Had bad experiences with them...after you do a couple of details for free you wont like them either. After ajob I like dead presidents ....you know the ones that make the world go around. Again, just my two cents.
 
Thanks tss, I created the button and my Webpage Guy made a hidden link for me to click on! Only thing is its telling something about not being able to decrypt when I click on the donate button. Could this be because I haven't verified my account? PayPal account take a couple days to setup, u have to wait until they do those deposits.
 
paintxpert said:
I dont take credit cards and never will. Had bad experiences with them...after you do a couple of details for free you wont like them either. After ajob I like dead presidents ....you know the ones that make the world go around. Again, just my two cents.
Click to expand...

How exactly did you do details for "free" ? And what do you do when you run into customers who wish to pay via credit card and don't have cash handy ? (I ask because I have NEVER been paid in cash, it's always been credit card or interac).
 
One guy used his Moms credit card. She called me about 2 months later and wanted her money refunded. She contested it with the card company. Bunch of SH---I went through...I ended up giving her half her money back because I felt bad. She did not even know what detailing was. The credit card company thanked me as he was using the card with her permission.
 
100 percent of the work I do is cash or GOOD check. Pay pal is another headache I can do without. These are all just my opinions. I am a relatively small operation...a ONE man band if you will. It is by choice that I keep it simple. It cuts down on Grey hair.
 
You must log in or register to reply here.
Back
Top