Merchant Account Fees

When setting up a merchant account, it can be a very daunting experience if you are new to it. You will learn that the service is very fee oriented and may be confusing at times based on what everyone tells you. Due to the complexity of the pricing of credit card processing,there are countless ways a merchant can be misinformed. With the information below and Gotmerchant.com on your side, you should have a very good understanding of what to expect and ask for.

Gotmerchant.com believes in building solid relationships with its customers. That is the reason for creating this page and disclosing all fees. We hope that by providing this information to you, we have heightened the level of trust and respect you have for Gotmerchant.com and will consider our company more so.

Service Fee	Industry Avg	Gotmerchant.com
Qualified Rate	1.89% (retail) 2.35% (non-retail)	1.69% (retail) 2.19% (non-retail)
Mid-Qualified Rate	2.39% (retail) 2.89% (non-retail)	2.19% (retail) 2.69% (non-retail)
Non-Qualified Rate	3.79% (retail) 4.19% (non-retail)	3.29% (retail) 3.79% (non-retail)
Transaction Fee	$0.30 (retail) $0.30 (non-retail)	Varies, refer to the rate section above
Address Verification Service (AVS)	$0.10	FREE
Batch Fee	$0.35	$0.25
Pin-Debit Transaction Fee (retail only)	$0.50	$0.20 + Debit Network
Pin-Debit Monthly Fee (retail only)	$5.00	FREE
Monthly Service Fee (only listed to reiterate)	$15.00	$10.00
Monthly Minimum	$35.00	$25.00*
Annual Fee	$79.00	Processor A: FREE Processor B: $15***
PCI Compliance Fee	$79 to $600 a year	Processor A: $3.95 mo Processor B: FREE
Contract Term & Cancellation Fee	3 Years / $495	2 Years / $250**

* We generate our profit when a merchant processes. When there is zero processing volume or very little, a monthly minimum helps make the account profitable. A $25 minimum is charged by default. If this is an issue for your business, please call us for different terms and mention this page to your representative when calling.

** Most merchant accounts come with some sort of contract term and cancellation fee. There is significant cost involved in setting up and maintaining a merchant account. This fee helps recoup some of those costs should a merchant cancel, especially in the beginning. To help maintain a level of excellent service and support, our accounts generally come with a two year agreement. If this is preventing you from doing business with Gotmerchant.com, we can work with you on different terms. Please call us for details and mention this page to your representative.

*** If you are interested in one of our free placement terminals, such as the wireless 8020 terminal or Casio register, then please ignore the $15 as it is already included in the $79 yearly fee that is required for those products.

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