see below... Bryan Stevenson B.Comm. VP & Director of E-Commerce Development Electric Edge Systems Group Inc. phone: 250.480.0642 fax: 250.480.1264 cell: 250.920.8830 e-mail: [EMAIL PROTECTED] web: www.electricedgesystems.com ----- Original Message ----- From: "Chris Tilley" <[EMAIL PROTECTED]> To: "CF-Talk" <[email protected]> Sent: Friday, February 18, 2005 9:53 AM Subject: SOT - Ecommerce
> Hey all, > > Sorry if this doesn't belong here. > > I'm new to ecommerce and have helped my customer set it up. We are using > the authorizeNet processing. Is there someway to know all the fees > associated with ecommerce business? We currently get invoiced by: > Millenium Bank Services, AuthorizeNet and Concord Payment Systems. This > is a bit confusing. Could someone that is knowledgeable in this area > assist me? Why do you have to deal with so many companies to do online > ecommerce? The bank takes some (usually a per Tx fee)....the cardcompanies take some (usually a percentage of the Tx)...the card processing company takes some (can be flat fee or percentage of Tx). It does get fancier than that (like first x Txs cost x per Tx...then after that..less per Tx). So there ya go...all companies involved in the Tx get a piece of the action...and remember...if you buy something in the store....the store gets charged (by the cc company) a percentage of the Tx for the use of the card, and a fee to deposit the money (these are transparent to the customer). Online the only extra fee is the cc card processing company. HTH Cheers > > Thanks in advance, > -- > Chris Tilley > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Logware (www.logware.us): a new and convenient web-based time tracking application. Start tracking and documenting hours spent on a project or with a client with Logware today. Try it for free with a 15 day trial account. http://www.houseoffusion.com/banners/view.cfm?bannerid=67 Message: http://www.houseoffusion.com/lists.cfm/link=i:4:195440 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/4 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:4 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.4 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
