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
Recurring Billing Services Equipment and Cost
0 Comments Published by VirtualTrak Technologies on at 4:03 PM.
There are two choices for equipment.
Installation of the processing software in an existing computer . The computer becomes the terminal and uses the modem to connect for the card authorization. COST is $39.95/mo. x 36 mos. leased, or $499.00 retail purchase.
Installation of a Virtual Terminal on a computer with an ISP [Internet Service Provider]. The ISP needs to be one other than aol.com. The transactions are done on a secured internet payment link. COST is $399.00 set up fee and a $15.00 monthly network access fee.
Keywords: recurring billing, virtual terminal
Labels: credit card transactions, recurring billing, virtual terminal
