| Setup Fee |
FREE |
 |
| Monthly Service Charge |
$14.95 - Regular $17.95
|
| Card-Swiped Discount Rate |
1.64% |
| Key-Entered Discount Rate |
2.44% |
| Per Authorization Fee |
.23 per transaction |
| Monthly Minimum |
$20.00 |
| Term Contract |
NONE |
Monthly Fee (Fee charged per month for merchant account processing either QuickBooks or a web store (or other 3rd party software)
$14.95
Per-authorization fee (Amount charged each time a transaction is submitted for authorization and any time a daily batch is closed. This fee is charged in addition to the discount rate.)
$0.23
Monthly Minimum fee (If you do not incur $20.00 worth of processing fees (discount rate plus per-authorization fees) in a month you will be charged the balance. For example, if the monthly minimum fee is $20, and you have $15 in processing fees during the month, you will incur a $5 Monthly Minimum Fee.)
$20.00
One-time setup fee (Non-refundable, one-time fee to set up your Merchant Service.)
$0.00
Cancellation fee (One-time fee charged if you terminate your Merchant Service within the time period specified by the financial institution.)
None
Gateway fee (Fee for access to an internet payment gateway)
Included
Statement fee (We will send you a paper statement at the end of each month via U.S. Mail.)
None
Annual fee (Fee charged per year)
None
Chargeback fee (Fee assessed each time a customer-disputed charge is filed, in addition to the disputed transaction amount.)
$20.00
ACH Reject fee (Fee applied to your billing if credit card transactions cannot be credited or merchant fees debited from your bank account via Automated Clearing House (ACH). This usually occurs if your merchant account has invalid ABA/DDA account numbers, insufficient funds or if the account is closed.)
$15.00
Credit cards accepted (You may accept all major credit cards; however, American Express and Discover require additional fees.)
Discount rate for Visa, MasterCard, and Discover (The percentage of every MasterCard and Visa transaction is deducted as a fee. You are billed for the accumulated charges of each batch submitted.)
- Card-swiped: 1.64%*
- Key-entered: 2.44%+
American Express (Charged per authorization if these cards are accepted. Other fees also apply to accepting these cards. Contact each card provider for details.)
$0.23 per authorization
Time to funding** (Number of days for funds to be released to your financial institution after transaction has been processed. Funding subject to chargebacks and the service's terms & conditions.)
2-3 business days
Application turn-around time (Time it takes for your application to be reviewed.)
Please allow up to two business days for a response.
Address Verification Service (AVS) (Fraud reduction service used to verify a cardholder's billing address prior to completing a transaction.)
Application approval required. Additional fees apply to accepting American Express and Discover cards.Transactions subject to Association guidelines. Terms, conditions and fees subject to change without notice.
*The "Qualified" card-swiped discount rate of 1.64% will be charged on all swiped Visa/MC transactions that are electronically authorized. All manually keyed Visa/MC transactions that have AVS will be charged a "Mid Qualified Rate" of 2.44%. All Visa/MC transactions that do not meet the requirements stated above, business cards, foreign cards and transactions that do not meet Visa/MC requirements for the best interchange program will be charged a "Non Qualified Rate" of 3.54%. Card-swiped rates require a QuickBooks Merchant Service card reader available for separate purchase ($89). Call (866) 379-6636 to order. Card reader functionality not available in QuickBooks Online Edition.
+The "Mid Qualified" key-entered discount rate of 2.44% will be charged on all key-entered Visa/MC transactions that are electronically authorized and include AVS. All Visa/MC transactions that do not meet the requirements stated above, business cards, foreign cards and transactions that do not meet Visa/MC requirements for the best interchange program will be charged a "Non Qualified Rate" of 3.54%.
**In most cases, funds will be deposited into your account within 2 to 3 business days depending on your financial institution and your Demand Deposit Account. Clearance time for funds may vary depending on your Demand Deposit Account.