What kind of bank fees can I expect to pay for an Internet Merchant Account?
Fees will vary, so ask up front what type of fees are involved. Most acquirers charge an application fee that may range from $50 to $300. Some (but not all) acquirers will charge a minimum monthly fee, and/or a monthly statement fee. All acquirers will charge a discount rate, which is a percentage of the transaction, and can range from 1.5% to 4% per transaction. Many acquirers also charge an additional per transaction fee that is from $0.10 to $0.40 per transaction.
Fees vary, depending on the acquirer. Fees and charges might include: an application fee, a minimum monthly fee, a monthly statement fee, a per-transaction fee, and all acquirers charge a discount rate, a percentage of the transaction. PayPal offers simplified pricing with no application fees or set-up fees and low discount rates. Visit PayPal Merchant Services to learn more.
