Hi all. I am considering signing a client up to Revecom to accept on-line payments for their club web site.
I am just trying to work out the exact cost of using a third party proccesor but Revecom were a bit vague with their responces to my enquiries.
The way it looks is:
For a $50 sale you pay a -
Transaction Fee - $1.00
You are left with: $47.03
(not including 5% of total sales withheld for 90 days to cover chargebacks or refund requests).
Is this all the costs or is there also a additional merchant "Discount rate" (ie. 3% percent) that the bank/card company will deduct on each approved credit card transaction?
I appriciate any advice on this.