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Rate Comparison of Popular Credit Card Acceptance Solutions
|
Service |
Paypal Pro |
Propay |
Merchant Express |
Other Merchants |
|
Application Fee |
Free |
Free |
Free |
$75-$125 |
|
Setup |
Free |
Free |
Free |
$50-$150 |
|
Monthly Fee |
$20 |
$0 |
$0 |
$0 |
|
Per Transaction |
1.9% - 2.9%*
+ .30 cents |
3.5% - 2.69%
+ .30 - .25 cents |
2.33%
+ .29 cents** |
2.65%
+ .35 cents |
|
Annual Fee |
$0 |
$34.95 - $299.95 |
$0 |
up to $195 |
|
Statements |
$0 Online Only |
$10 Paper Statements |
$9.95 Paper Statements |
$10-$15 Paper Statements |
|
Authorize.net Setup |
Not Available |
Not Available |
$0 |
$99-$299 |
|
Authorize.net Monthly Fee |
Not
Applicable |
Not
Applicable |
$19.95 |
$19.95 and up |
*most will qualify for 2.9% rate with paypal pro. lower
percentages are only available as sales volume exceeds $3000 a month
**includes AVS fee (.25 cents + .05 cents AVS per
transaction)
The Benefits of Using a Merchant Account Such as Merchant
Express over Paypal Pro or Propay
-
Payments are processed in real time, will be authorized and/or denied at
the time customer places the order. Customer will know right away.
-
Funds are deposited into your business checking account within 2-3
business day, versus having them in either a paypal account or propay
account that you now have to transfer into your account or use a specialized
credit card to obtain funds. Makes running your business so much
easier
-
Authorize.net is already integrated into your WahmShoppes shopping cart,
thus making it easier for you to run your day to day business. If you
use a merchant that is not associated with authorize.net you will need to
utilize the FC-CCCS feature in your shopping cart and Manually process all
transactions after the point of sale.
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