credit card machine

[Greg Bell]

I use the same as Michael. It has worked well for me. I also just signed up for the virtual terminal (what Rick is speaking of). It has a 20 dollar monthly fee. So far it has worked well. I really like having the payment before leaving home. At my last inspection on Friday the seller decided that he didn't want to sell the house. The seller paid my cancellation fee by credit card. I probably would not have gotten paid if I was not able to take his card info on site.

[Jay Schwartz]

Standard Rate Merchant Rate (qualification required)

Monthly Received Payment
A - (USD)$0.00 USD-$3,000.00
B - USD$3,000.01 USD-$10,000.00
C - USD$10,000.01 USD-$100,000.00
D - USD> $100,000.00 USD

Fees per transaction
(USD)2.9% + $0.30
USD2.5% + $0.30
USD2.2% + $0.30
USD1.9% + $0.30 USD

[Russel Ray]

Maybe we can resolve this issue if we disclose what kind of account we have with PayPal.

Well, it used to tell me what kind of account I have, but I can't seem to find that information right now.

I know I have the ultimate, top-of-the-line, every play in the book account, whatever that is.

[Doug Edwards]

I went into my Account page and there is apparently 3 types of accounts. Personal, Premier, and Business. The Personal is pretty basic with very little options or features. The only difference between the Premier and Business feature wise is the Business allows multiple users. I have the Premier account cuz I am the only user, no sense in upgrading to Business.

[Russel Ray]

I'm sure I have the business account since I have more than one business paying into that account.

[tneumann]

$20 per month???? To use a virtual terminal???

You could use the wireless terminal for less than that...and the vendor on here is giving it away.....just a thought.

[Greg Bell]

NO Thanks Tony.

I think that you had better check your fees again. It appears that the machine has a $12 access fee and $10 monthly fee. That looks like more to me.

[tneumann]

Bill called me one day after I criticized him and his practices of spamming me....he sounds like a very honest man trying to make a living, I apologized to him for being short w/ him before and I think he was very sincere in his efforts to get these machines in our hands.

I am considering one for my other business....I spend a lot of time in that business in the metropolis instead of the boonies and the cool factor is something to be considered....it is only 4 bucks more per month than my terminal in my office...and the rates are almost exactly the same.

As for the HI business...I will stay w/ what I have because it is integrated with HG and works well for me.....

[kweiss]

As a comparison, the company I am with currently is a virtual terminal setup. I have been consistantly paying around $26 in fees plus the percentage on the charges. I am unhappy with the fact that the fees are very nondescript and confusing. While the service works and I have had no problems with it, it is very basic and does nothing to go above and beyond.

I have to call and see about getting out of my contract. I was told that I could get out if they raised my percentage rate, which they just did (though they tried to make it hard to tell and did not clearly disclose that they were doing so.)

I think I will give the Paypal thing a try. Even if I upgrade to the $20 virtual terminal option, I still save money. I really like the idea of mainly having people enter their own info and never handling their credit cards numbers. I will definately not leave the money in a Paypal accessible account becasue of my past personal experience with them. But transferring weekly is not a big deal.

Thanks for the input and valuable information on the thread.