If you’re a high volume merchant then PayPal isn’t a good choice because they do not negotiate their merchant fees for high volume customers. They charge 3 percent and 30 cents a transaction and a large volume merchant can do much better. Typically you can get under (more…)
I used 2checkout for several years, but stopped when I did the math one year. They advertise a %5.5 fee, and .45 cents per transaction, but in the real world it’s a lot higher. I did some math with our total sales minus all the fees one year and came up with a staggering %9.49. How do their fees get so high? Good question. (more…)
Posted in Home Business, Internet Business, Most Popular 
Tags: 2checkout, merchant account, non swipe rate, PayPal 
3 Comments »
I get a lot of calls from people who are really new and ask about if they need a merchant account (usually you don’t) or if PayPal or some other processor like 2checkout will do the job. If you’re not going to (more…)
Posted in Marketing Tools, Most Popular Tags: merchant account, non swipe rate, PayPal, swipe rate 5 Comments »