Wednesday, August 20, 2008

Are You Paying Too Much For Your Ecommerce Internet Transactions & Fees?

You own or manage an e-Commerce website, and have worked really long hours to
get your site ranked well by the search engines, and orders are coming into your website and are being processed through your Internet Merchant Account Services Provider. Congratulations!

Along with this success, come those monthly statements, showing all those high $$$ costly fee’s you are paying! This impacts your bottom line profit every month. Everyone complains about this, but what can you do about it? We no longer need to just “chalk it up to this is the cost of doing business”. YES, there are ways YOU can significantly reduce your monthly e-Commerce Internet Transactions and Fees.
Here are some easy tips on how you can get started on significantly reduce your
monthly e-Commerce Internet Transactions and Fees:
1). Don’t Pay Monthly Minimums! Most internet merchant account processors will charge a $25 Monthly Minimum - which means if you’re not processing around $1200 a month in Visa/MasterCard transactions, you can be charged an additional monthly fee up to $25.

2). Don’t Sign a Long Term Contract! Many internet merchant account providers require you to sign a 2-3 year contract. What if you don’t like them or want to change to another internet merchant account provider? You are either stuck in the contract or have to pay cancellation penalties!

3). Don’t Pay Contract Cancellation Fee’s! If you need to cancel your contract early for any reason, most internet merchant account providers will change you a $200-$500 early termination fee.

4). Don’t Pay Annual or Membership Fees! A lot of merchant account companies (especially those offering you a “free” terminal) will charge you a yearly fee that ranges from $30-$200. They’ll either call it an annual fee, membership fee, or a risk assessment fee.

5). Don’t Pay High $$$ Internet Merchant Account Discount Rates, Transaction Fees, or Monthly Banking fee’s! If you are paying a monthly “Discount Rate” of more than 2.2%, OR, paying more than a .20 “transaction fee”, OR, paying more than a $10 per month “Bank fee”, then you are paying too much for your monthly e-Commerce Internet Transactions and Fees!

6). Most importantly, find an Internet Merchant Account Services Provider who can provide you with excellent service, knows the business, is only one phone call away, and can meet or beat the rates and contract terms and conditions described above for your company’s e-Commerce transactions. We have used, and are very happy with the services and support from TheTransactionGroup . net. Mr. Michael Rupkalvis, President, is the most knowledgeable and helpful person we have found on this subject, and has saved our company a lot of money, and greatly reduced our monthly e-Commerce Internet Transactions and Fees. We compared TTG to 50 leading competitors - they were hands down the least expensive.

By: Mrs. PartyMaker

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