Hi Melody. Most companies are about 19.95 for your monthly fee, plus leasing the unit. The average discount percent is 3-5%. So, I would say that your terms are a pretty good deal, especially when you don't have to get a new checking account or sign a contract. I would say go for it... no risk really. I would explain to your clients that while you do not have a minimum charge for using credit cards (against merchant card services policy even though people do it), it is really expensive, so ask if they currently pay with check or cash for their existing services it would be appreciated if they continued to do so. And the discount percent difference for swiping vs keying in the number is due to the increased number of chargebacks for theft or fraud due to not having the card present. Just fyi...
Michelle Cordes, LNT The Nail Spa "The spa for your hands and feet since 1997" Bremerton and Tacoma, Washington www.myspace.com/thenailspa --- On Thu, 3/12/09, Melody C Montgomery <[email protected]> wrote: From: Melody C Montgomery <[email protected]> Subject: NailTech:: Merchant Accounts Etc To: "Nail Tech Group" <[email protected]> Date: Thursday, March 12, 2009, 7:25 PM Ok Gang, I know we have had a million discussions about merchant accounts and who to do to what and what for… but my question is: The outfit I am about the sign up with (I think….) says here are the charges: The owner of the salon owns the machine and I will be paying him like $7/mon for providing the service… The data company charges: $10 /mon (base fee that is charged whether I run any cards or not) 1.9% of transaction plus base fee of 0.15 cents per transaction (2.25% if I key the card in instead of swiping…? WTF?) And a startup fee of $50 However, there are no contracts I have to sign. I can pick up and go whenever I choose. So, tell me……. How does this company sound? The salon I work at has been using them for a couple of years.. (and he mentioned that he would really like to find someone cheaper….) but would I be stupid to use them? I currently have my checking/savings accts at State Employees Credit Union… and they do not do business accounts so I do not have one and most credit card companies require a business account. This particular company can run it into my existing checking. So….. comments and opinions please! Thanx! Melody C. Montgomery Manicuring Professional/Nail Artist Everything Nailz Ink Salon 535, Ayden , NC www.everythingNAILZink.com 252-217-8221 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "NailTech" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/NailTech?hl=en -~----------~----~----~----~------~----~------~--~---
