Posted 12 November 2008 - 10:05 AM
I know this is an old post but people should be a little careful with them and here's why. Right on their website it says...
" 2.29% VISA/MasterCard Qualified Discount Rate# $0.29per Transaction"
That is NOT good pricing. If you look at a merchant that's not huge and not small, say they do $10,000 a month in V/MC an have an average ticket of $30. Their EFFECTIVE rate would be 3.26% which in all honesty is really not good at all. Plus, a merchant with these kind of numbers would have at minimum 30% of the cards they get would be check(debit) cards so what about the fact the their rate on those cards should be almost a half of a percent lower? Also, what do they consider to be a "qualified" transaction? MANY processors offer "great rates" on their "qualified" transactions but then fail to tell the merchant that maybe 2% of their transaction will fall into their definition of "qualified." I'm not trying to stir the pot but I believe an educated merchant is a dangerous merchant and that's a GOOD thing.