Costs to process payments through recurring billing services?
0 Comments Published by VirtualTrak Technologies on Wednesday, February 14, 2007 at 4:10 PM.
The regular merchant processing rates apply.
The discount range 2.25 to 2.75 + 30 ¢ per transaction.
EXAMPLE:
$385 monthly payment x 200 participants = $77,000 recurring payment monthly.
$385 x 0.0225 +30 ¢ [discount rate+transaction fee] = $8.97 x 200 = $1794 monthly discount fee.
The processing fees may be taken as a business expense at the end of the tax year.
The discount range 2.25 to 2.75 + 30 ¢ per transaction.
EXAMPLE:
$385 monthly payment x 200 participants = $77,000 recurring payment monthly.
$385 x 0.0225 +30 ¢ [discount rate+transaction fee] = $8.97 x 200 = $1794 monthly discount fee.
The processing fees may be taken as a business expense at the end of the tax year.
Labels: recurring billing, recurring billing costs, recurring payment costs
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