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Merchant Account % rate going up?


cgchris99

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Anyone else getting noticed that the merchant rates are going up?

I received a letter today stating visa/mc is raising their rate so this is being passed on to us.

 

Since I signed up with them last year, my rate will have gone up by 0.3%. This sucks. May not seem like much, but I pay them #$##$ enough every month.

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Anyone else getting noticed that the merchant rates are going up?

I received a letter today stating visa/mc is raising their rate so this is being passed on to us.

 

Since I signed up with them last year, my rate will have gone up by 0.3%. This sucks. May not seem like much, but I pay them #$##$ enough every month.

I got the same exact letter from Paymentech. They stated that it was caused by the suite between Walmart and Visa/Mastercard. ARRRGGGGGGG. I wonder if Paypal is going to hike up their rate as well. :blink:

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Do you guys charge a 4% on Paypal, our anyone reading this do you charge it or swallow the amount everytime, so on a 10.00 profit you may get only 2 dollars.

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