Bryan or anyone else have any recommendations of a good company to handle all this with minimal cost? I want to do some comparisons. We selected Millenium only because of referral and I really don't know if we are getting a deal (avg fees) or getting taken for a ride?
Chris On Fri, 18 Feb 2005 10:58:55 -0800, Bryan Stevenson <[EMAIL PROTECTED]> wrote: > 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 > > > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:4:195448 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=89.70.4 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
