On 9/23/07, Cliff Hirsch <[EMAIL PROTECTED]> wrote: > Easiest way is to either get a merchant # through the client's bank or > through the shopping cart provider you will be using. Just get it -- don't > worry about rates unless you have a very low margin biz. The quoted rate is > B.S. anyway. Ideally you want a cost+plus rate, meaning Interchange + the > processors markup (typically 25 cents) + the gateway fee, which is usually > 5-10cents per transaction. But for symplicity, just get it and don't worry.
True... the more dangerous thing is the chargeback rate. Some processors, if you hit a certain % of chargebacks (in terms of dollar amount), they usually have the right to cut you off immediately. If the company has a long history with the provider, the % will probably be higher. I seem to remember 5% as a common number... A chargeback is when someone talks to their cc company and requests the charge to be removed. The cc company will immediately issue a refund, the processor will immediately issue a refund, and your account will be debited the amount. I was working with a dating site that got cutoff about 4 days before Christmas, it took them 2 weeks to get back online. kc -- D. Keith Casey Jr. CEO, CaseySoftware, LLC http://CaseySoftware.com _______________________________________________ New York PHP Community Talk Mailing List http://lists.nyphp.org/mailman/listinfo/talk NYPHPCon 2006 Presentations Online http://www.nyphpcon.com Show Your Participation in New York PHP http://www.nyphp.org/show_participation.php
