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#1122 Watch you fees!!!!

Posted by rleerich on 01 November 2005 - 02:58 PM in Credit Card Processing & Accounting

Very interesting - I just spoke to a dydacomp rep on Friday 10-28-2005 (yesterday) and was told I could use my existing Authorize.net account with MOM.  I will have to confirm, but if they make you use their account, it's time for me to find a different solution and I'll be glad the rep had to call me back Monday and I haven't already purchased.

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Yes, very interesting. Please let me know what they say. I will be happy to forward the email I received from them stating how it will NOT work...



#1067 Watch you fees!!!!

Posted by rleerich on 17 October 2005 - 10:29 AM in Credit Card Processing & Accounting

If you are a user of the ICCAS module (or thinking about becoming one), evaluate carefully. There is some information you may not know.

The ICCAS interface connects to authorize.net for credit card authorization. If you have an existing authorize.net account, you can not use it. You must get a new account through DydaComp.

When you do, you will be charged a monthly fee for gateway access of $25.00 and a PER TRANSACTION fee of .09.

If you set up an authorize.net account through somebody other than Dydacomp you can get significant savings (the "standard' street rate is $15.00 plus .05 per transaction). However, as stated above, this account will not work with MOM.

Why? Very simple. Dydacomp is a reseller for authorize.net. As a reseller, they get some portion of the fees that are collected. One would think Dydacomp would give their own customers a "preferred" rate. Instead, they choose to give them a high rate to increase their own revenue.

Remember to add these fees to the cost of ICCAS if you plan on using it. The purchase price is just the beginning....

Lee Richards
Acadia Sports