Online credit card processing

[Robert Hutchinson]

When are we going to know the features (such as cost per month; percentage of transactions, etc.) that you made a deal with the banks?  I need to know whether I can stop my current service or not.

[Dominic Maricic]

Hey Robert,

I'll habe a signup form this weekend up which will have the bank call you to give all the details. There is no monthly minimum in fees (all banks wanted 25 bucks guaranteed or you paid the difference), there is no monthly fee at all from the bank (which were the 2 big things I was fighting for to make it better than paypal for guys who do low volume) or us, so the only monthly is $5 to the internet gateway (a third party that the transactions have to go through) which was unavoidable. Im legally not allowed to give out the interest rates in a public forum (it was in the contract I signed) but I can say the rates are MUCH better than paypal or anything else I had negotiated in the past 6 months (I have gone through MANY banks). Also the bank actually runs promotions sometimes and can  give better rates depending on your past volume or for other reasons.

If you want to know the rates I negotiated, you can email me, otherwise once the bank contacts you they will send you a formal contract with all the info so you can look over it before signing up.