Listen to 300+ podcasts by best-selling authors, published Wednesday, 4pm EST!

Need an Online Merchant Account? Open Your Wallet

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Merchant Accounts and other Shopping Cart topics.

How much does a merchant account cost?

Need an Online Merchant Account? Open Your Wallet

A shopping cart merchant account can be an expensive part of your overall shopping cart software solution. If you're setting up a shopping cart merchant account, shop around a lot to see where you get the best combination of fees and services. You can expect to pay the following:
* Set-up fee: Sometimes these run into hudreds of dollars, but many shopping cart merchant account providers will waive the fee.
* Monthly fee: Expect to pay about $25 monthly to your shopping cart merchant account provider.
* Percentage of each sale: Expect to pay 2 to 4 percent of each sale to your shopping cart merchant account provider.
* Fixed fee per sale: Usually 20 or 30 cents from each sale goes to your shopping cart merchant account provider.
* Termination fee: If you try to cancel before the end of a contract, your shopping cart merchant account provider will charge an extra fee, which can run into hundreds of dollars.

   

Comments

Nobody has commented on this tip yet. Be the first.



Name:


URL: (optional)


Comment:


Not finding the advice and tips you need on this Shopping Cart Tip Site? Request a Tip Now!


Guru Spotlight
Lynne Christen