Accept credit card payments on your website or thru a touch tone phone.

[Nick Gromicko]

http://www.nachi.org/payconcepts2007.htm

[John McKenna]

Below is a comparison someone from the company ran for me
between Paypal vs Proconcepts-Propay for NACHI members.
(when you compare apples with apples)... remember, this is not
intended as slam against Paypal, just passing on the info to
you guys.

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This assumes the following "features" are purchased:

- Telephone processing (charging a card by putting credit
card #'s in via a touchtone phone)
- Online Processing (an automated form - this is what
PayConcepts.net is)
- "Virtual" terminal processing (an online form you use to
process the card manually)


Per-Transaction Fees:

ProPay Premium: 3.25% + $0.35
PayPal: 2.9% + $0.30

** PayPal offers lower rates than that - 2.5% - 2.2%,
but according to their website - "Eligibility for
Merchant Rates is determined based on sales volume
from the previous calendar month"

Per-Month Fee:

ProPay + PayConcepts.net: $3.32/mo (you pay yearly)
PayPal: $20/mo

Misc. Features:

- With us, your name appears on the credit card statement.
- With us, we don't bombard your customers with PayPal
ads - your customers feel more secure and not obligated
to sign up with anything.

So, a typical scenario:

An inspector processing $36,000 in credit cards for
72 $500 transactions will receive these fees over the
course of one year.

PayPal:
=================================
$240 in monthly membership fee
$21.60 in $0.30 per-tran fee
$1,044 in 2.9% transaction fee
TOTAL: $1,305.60

ProPay + PayConcepts w/ Premium:
=================================
$39.90 in monthly membership fee
$25.20 in $0.35 per-tran fee
$1,260 in 3.25% transaction fee
TOTAL: $1,325.10

ProPay + PayConcepts w/ Premium Plus:
======================================
$69.90 in monthly membership fee
$21.60 in $0.30 per-tran fee
$1076.40 in 2.99% transaction fee
TOTAL: $1,167.90

ProPay + PayConcepts w/ Platinum:
======================================
$129.90 in monthly membership fee
$18 in $0.25 per-tran fee
$968.40 in 2.69% transaction fee
TOTAL: $1,116.30

SELLING POINTS:

- Less chargebacks (or threat thereof) since your name
appears on credit card charge.

- Set yearly charge - no surprises

- You get a Mastercard attached, which acts like a
prepaid Mastercard -- which means faster access to funds.
It's very convienent! (I use it constantly)

- do the "real" math - we're very likely cheaper for
your scenario as a small business.
*******************************************

My Response:

I did the numbers for a person only doing 4 charges
at $500 per month = $2000 p/mth or $24000 p/year of
total credit card charges. (someone who gets paid with
check, cash and sometimes credit cards for a modest
number of inspections might fit this example).

Paypal .......................... = $950.40 p/year
Proconcept (NACHI deal)... = $836.70 p/year

This allows the process of the Clients credit card via:

Telephone (You take the card in the field)
Web Form (Client pays from your web page)
Manual Form (You enter it on the internet)

I hope this helps.