What is the minimum amount the merchant account will cost each month?
A. $35.00. If you have no sales during a month, you pay a $25.00 Minimum Transaction Charge and a $10.00 Monthly Customer Service Fee. If you make sales during the month (let’s use $1500.00 as an example), you will pay $46.75. Example: 10 sales x 150.00 per sale = 1500.00 x 2.25% + .30 per transaction = 36.75 ($11.75 over the $25 Minimum Transaction Charge). The cost for this example month’s sales would be $46.75 ( 36.75 Transaction Charge + 10.00 Monthly Customer Service Fee = $46.75).
