Forums: Discussions for entrepreneurs and small business.

Thanks, that`s what I`ve found I think through all of my research.  I appreciate the feedback.

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www.LukasCoaching.com

Low-cost website design, payroll processing, bill payment, bookkeeping and financial coaching for the distressed or well-off consumer or business.

Full service coaching firm offering, career, financial, health & nutrition and business coaching.

Make sure you get all the "fine print" with the costco deal.  Be sure to read the thread I started and talk to them about the fees listed in my post:
http://www.startupnation.com/pages/community/forum_posts.asp ?TID=4393

All Costco lists on their website is:  Mail Order/Telephone Order 1.99% + $0.27/transaction.  In the fine print at the bottom it says there is a $20 monthly minimum.  Make sure you understand how a monthly minimum works, it means that you need to be above roughly $1250/month in Visa/MC sales to clear it.  It also states that Rewards Cards process at a higher rate.  So the question you really need to ask is what is their Non Qualified rate, which is not disclosed on their page.  You might also want to check if they have an AVS fee (Address Verification).  If they have one, you can add an extra $.05 to $0.10 to every transaction.  Also, check how much they are selling their equipment for.

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Oliver Mupas
United Bank Card
866-207-6007 ext 303
omupas@ubcnetworkonline.com

You could a do a pre-authorization for the amount of your fees.  Then close out the transaction when you deliver the service.

You would want a written agreement that you are authorized to charge a fee when they are a no show.

 

 

 

 

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Dave Lambert
FC Financial L.L.C.
Tel 727-233-1111
http://www.fcfpayment.com
dave@fcfpayment.com