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When I did some website commerce programming a while back, the merchant account we had came with a monthly fee that for many just-starting situations would be a
by gbhn 16y ago
When I did some website commerce programming a while back, the merchant account we had came with a monthly fee that for many just-starting situations would be a sizable fraction of the total fees ($70/mo or so). Perhaps this has changed, but it isn't accounted in the app.
I was struck by how close the levels were until revenue gets quite high. The convenience of Paypal probably wins in most cases until the mid-to-upper six figures.
- seanharper 16y agoThe average monthly fee (including gateway) on the transfs marketplace is $16 / month, which is included in the calculation (try putting the volume slider to $0). Likewise, Paypal Pro (which you need if you want to accept payment without sending the user off-site) has a $30 / month fixed fee. Of course there are certainly crooked merchant account providers that will hose you with bigger monthly fees, so it pays to be careful. The last thing a startup needs is extra fees.