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Here'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 gatew
by whatamidoingyo 1y ago
Here'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.