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What did the processing fees on CCBill look like, or did you get that far?
by jfyi 1y ago
What did the processing fees on CCBill look like, or did you get that far?
- whatamidoingyo 1y agoHere's a part of the message I received from them: - $25.00 - Monthly fee for the merchant account. - $19.95 - Monthly fee for the Authorize.net payment gateway (API Connection to your website) - 3.95% - Keyed rate - $0.25 - per transaction fee - $1,450 - HIGH-RISK fee - 10% Rolling reserve It just seems unfair, as these fees are for "adult content" sites (i.e. nudity, etc.), which is not what I built.
- ranger_danger 1y agoWhy not just go straight to authorize.net? Or your local bank can probably set you up with them... always worked for me.
- whatamidoingyo 1y agoI didn't even consider that as an option. I will look into it. Thanks for the suggestion!
- jfyi 1y agoBecause authorize.net is a payment gateway, not a processor. You'd still need a processor and the one your bank works with will have similar requirements. Honestly, those rates are better than I expected. I think OnlyFans has a 20% rate and the one real experience I have had with processors that handle adult industry was nearing 30%. They had legitimate fraud problems though.
- fknorangesite 1y agoMore than it's worth. Even if their fees weren't astronomical, their platform is a nightmare to work with.