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what kind of monthly volume are you expecting? are these cardless transactions? if they're cardless i dont really see a scenario where you can have $1.50 transa
by johnm89 12y ago
what kind of monthly volume are you expecting? are these cardless transactions? if they're cardless i dont really see a scenario where you can have $1.50 transactions and make any money. too high risk for the processor.
EDIT: if you don't have a couple months of volume to show a processor it makes it harder to get a good rate. brand new company with online transactions are pretty much highest risk category for a processor, therefore highest rate. fees the processor has to pay visa would be close to $0.50 probably
- snickmy 12y agoI agree about the negotiation provided the interesting volume. My curiosity is.. thinking of apps store and music store. They do indeed process 1 time transactions of a low value. If is true that the visa fee is 0.5$ I can't see any revenue stream from a 0.99$ app. There must be a completely different deal that opens up once you have that volume