Fictionwise and BoB transaction charge - Page 2

sassanik · 02-01-2010, 11:30 AM

Most credit processors charge the merchants a per transaction fee. When I was researching getting a credit card merchant most of those fee's were .20 to .30 depending on what sort of a contract and company. Then they tack on a percentage of the total purchase, which also depends on what contract that they have can run from 1.5% and higher. I would imagine that fictionwise has a better deal on their credit card processing fee's than what the average small business can get.

Its not unusual for smaller companies to charge a small fee for transactions under $5

Amy

02-01-2010, 11:30 AM	#16
sassanik Guru Posts: 774 Karma: 1211741 Join Date: May 2008 Location: Oregon Device: EB1150, iPhone, Cool-er Purple, Pocketbook 360, Kindle Fire	credit cards Most credit processors charge the merchants a per transaction fee. When I was researching getting a credit card merchant most of those fee's were .20 to .30 depending on what sort of a contract and company. Then they tack on a percentage of the total purchase, which also depends on what contract that they have can run from 1.5% and higher. I would imagine that fictionwise has a better deal on their credit card processing fee's than what the average small business can get. Its not unusual for smaller companies to charge a small fee for transactions under $5 Amy

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