Quote:
Originally Posted by Aziphirael
Its about the norm for those cards, especially taking online as its viewed as high risk. I once started a business selling things online and decided to get a credit card merchant account to accept payments by card, 3.5% was around about what was charged for each transaction. There was also a monthly fee of about £15 as well.
The main reason is that as merchants you don't deal with Mastercard or VISA directly but through a third party, whether thats a bank or dedicated clearing house. And they charge their fees on top as well.
For withdrawals, thats a bank transfer and again a business will pay for the electronic transfer. With my business bank account I have to pay £10 to send money internationally to another bank account. So I wouldn't be surprised if Mindark pays something similar.
For me receiving an international transfers there also a charge of about £10 plus associated currency charges for conversion.
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Hi Aziphirael,
3.5% isnt the norm but it is possible to pay that, just, but turnover would have to be tiny, and the initial rate very poorly negotiated.
MA has the ability to negotiate a better % rate and would have.It is likely they have Never paid a fee in the 3% range, I havent, even when my business first started and i had nothing going through initially, my first offer was under 3%.
If i had
MA's turnover i would be looking at 1% give or take half a point.
A service terminal fee is not relevant to
MA.
Regards
Cloud