Here is the complete breakdown of what your Internet Merchant
Account will cost you on a monthly basis for real-time online
processing:
Statement Fee
$6.00 This is the fee you pay for the bank to generate and mail
you a statement outlining your transactions every month.
Industry Average price for statement fees run anywhere from
$10.00 to $15.00 per month. Gateway Fee
$10.00 The Payment Gateway processes every order and sends the
funds to your Merchant Account. Industry Average price for
Gateway fees run anywhere from $10.00 to $15.00 per month. Discount Fee
2.20 % This is the per transaction fee charged by your Internet
Merchant Account provider. A competitive discount rate would be
about 2.40%, although there are some over 5%! The Discount Rate
has a monthly minimum of $10.00. Transaction Fee
$0.25 This is the Credit Card company’s fee, charged on a per
transaction basis. Industry Average transaction fees are
generally about $0.30.