There's a similar product, called The Cube, that's being promoted heavily on TV. Similar price structure. But what's not clear is if you also get whacked by the card issuer's discount rate. 'Nuther words, does Intuit charge a swipe fee on top of the credit card's commission? If that's the case, you could be looking at close to 6% per transaction!
FYI _ Have a friend who just started a BBQ restaurant on the side of his reg job, and he uses one for many take out orders. He pays 2.7% fee total... not 6%. I can't remember his service... not sure it was Intuit, but they're all very similar- rate wise.
I actually think it might be a good deal when you crunch all the numbers - you don't need any machine like stores use or a dedicated phone line for the CC transaction... so rate might be higher than a brick & mortar store, but you save some on other things.
Okay, I just signed up flagship too. They don't have any firm pricing schedule online like Intuit, I have to wait for someone to call tomorrow. They seem to have a lower rate though even at the top end, and the transaction fee is only .09 more. Thanks.
There is no charge to apply. Upon acceptance there is no charge to set up your merchant account. There is a monthly wireless access fee of $7.95. Each transaction costs $0.19 plus a percentage of the transaction. When you swipe the card the fee will not exceed 1.58%. If you key in the card number then the fee ranges from 1.36% to 2.56%.
Seems that there are a bunch of other fees - but they are top doggie and offers all the features.
Bear; Intuit sounds like its right for you - however you cannot give refunds or credits that Flagship will let you do. But I don't think in your business , you would have a reason to give refunds ? ?
That's what I was questioning. If the ONLY fee is for the service — no card issuer fees on top of that — then it's no worse than the standard discount rate most merchant accounts pay.
I've only had one client ask if I accept credit cards in all these years. Most prefer checks, and a few pay me via ACH (which is really just an electronic check with no fees attached). Also had one client pay via PayPal several years ago — but it turned out to be a PIA. In fact, last week I cancelled my PayPal account for lack of use (and that was one of the most frustrating processes I've ever encountered).
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