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Paycents.Com Drops the Cost of Doing Business, Reduces Merchant Fees

Wednesday 3 May 2006 21:53 CET | News

Online merchants lose on average over 14% of their profits to fees and other charges through their merchant account and gateway (averages range from 12% to 22%). And there seems to be more merchant account providers than there are people looking for Internet merchant accounts. Recent Google search returned over 480,000 providers! It pays to shop around and ask questions.

Understanding the total costs of your merchant provider and the cost of doing business online is somewhat of a “Hat Trick”. Online or eCommerce venues require multiple components between your customers and your bank account. Each component eats away a piece of your profits. Typical Merchant Account fees include; Up Front Application Fees; On Going Fixed Fees; Discount Rate; Fixed Transaction Fees; Termination Fees; and Miscellaneous Fees. An Internet Payment Gateway continues billing for: Gateway Set up Fees; Monthly Service Fees and additional Fixed Transaction Fees. Paycents could reduce your typical merchant fees and charges by 40%. Paycents offers qualified Merchant Accounts for $7.00 per month and fixed transaction fees for $0.25. Gateway fees are $7.00 per month and $0.12 fixed transaction fees. Paycents also completely eliminated application and setup fees.


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