> Actually, they do cost less, since the bank negotiates with the processing > firm for a significantly larger chunk of the business and also excepts all > of the credit risk. This processing is part of being a bank, so they > really can't mark it up in an uncompetitive fashion. But, as I mentioned > in an earlier email, it is very important that merchants cultivate a > relationship with a local bank.
As I stated in an earlier message, our local credit union actually pays us for our account, despite the fact that we process thousands of checks every month. They pay us more per month than Authorize.Net charges us. Our IMA is very reasonable, but I doubt it's the cheapest. I find it difficult to believe that an all in one solution can compete with that. I'll admit that I'm very biased. As a developer, I've had a very difficult time with all-in-one solutions. The gateway software is usually atrocious. The fees are usually higher (from my experience). The customers that I've worked with who have chosen an all-in-one solution generally seem to do so because they sat down with their account manager at their local bank, a person they no doubt trust, and got talked into it because that's the only solution the bank has to offer. Ben Rogers http://www.c4.net v.508.240.0051 f.508.240.0057 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:4:195504 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
