xcOoE22awjiaLmyAxepO
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xcOoE22awjiaLmyAxepO1 karma
Because 2.9% + 30c is actually a lot easier to understand than $79/mo + 15c + arbitrary-fee-that-isnt-disclosed. And those fees come off each transaction, immediately. There's no giant invoice at the end of each month. You know exactly how much you're getting with each sale. And the CC processing fees come out of that 2.9%+30c -- some credit card companies charge more or less, but you don't have to worry about that because the end cost to you is always the same.
xcOoE22awjiaLmyAxepO1 karma
Check out Stripe if you haven't already. They're the most straightforward and developer-friendly payment service I've seen by far.
xcOoE22awjiaLmyAxepO1 karma
Fair enough. Thank you for responding :-) Congrats on the funding!
xcOoE22awjiaLmyAxepO0 karma
it varies from merchant to merchant depending on what types of cards they run that month
You can't post the rates for Visa and Mastercard? Or is it more complicated than that? Do each of the variants of Mastercard have different rates?
chargeback alerts and more
Why isn't that a basic feature? Sounds like it can be automated and is kind of important to everyone, perhaps even moreso to smaller companies.
xcOoE22awjiaLmyAxepO7 karma
So...let me get this right. Your solution to "less confusing pricing" is $79/mo + 15¢/transaction + "interchange fees" which aren't listed at all?
And this is less confusing and cheaper than 2.9% + 30¢/transaction?
Also note that $79/2.9% = $2724, so unless you're processing at least that Fattmerchant is definitely more expensive. Not that that's a big amount, but I'm still under that personally and not offering anything for broke ickle startups isn't a good way to entice the little ones.
Also neither Paypal nor Stripe have contracts AFAIK, so I don't know why the video is hatin' on contracts.
Also the API is....where? I can't see it before I buy?
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