On your site I see a Verotel logo, and from their site, their rates start at 15.5%. When choosing a processor, like Mobius Payments, offering you a direct merchant account, you?ll immediately make more money by lower rates and higher positive authorizations. I would suggest a processor you can have an open dialogue with and dedicated manager you can dialogue with. We at Mobius Payments will work with you to see your business grow.
To answer your questions:
1 What fees and startup costs are involved including Visa and MC deposits if any?
◦ There is a High Risk Registration fee from Visa and Mastercard.
That Registration fee is $500 each.
2 What Monthly fees do you charge? Hidden fees?
◦ No Hidden Fees, everything is outlined on the Merchant agreement.
▪ A monthly fee for your Merchant account
▪ A Cost per Transaction
▪ A daily batch fee
▪ A visa master card authorization fee
▪ An AVS fee(Address Verification System)
▪ A PCI compliance fee.
▪ A chargeback fee based on occurrence.
▪ All of these are nominal when you compare the overall rate of a 3rd party aggregator.
We have saved merchants over half of their processing costs
3 What is your rate breakdown?
Our rates are based on each businesses individual merits.
◦ How long you?ve been in business
◦ How much volume you do
◦ Your chargeback rate
We are continually one of the lowest cost providers in industry.
4 What are the qualifiers needed to get started? Is it by volume or is it by years in business or both?
◦ We work with new and existing businesses and will review each on their own merits.
5 If you have volume or time requirements, do you have any programs available for new startups. If so, details please.
◦ No specific volume and time requirements
◦ Yes we do have programs for new businesses. Those are based on each individual business.
6 Do you offer Global or just US?
◦ Mobius Payments is a Global Processor.
7 How are chargebacks handled?
◦ Chargebacks can be handled completely in house or directly by the Merchant.
8 What Integration software do you offer if any?
◦ Here is a link to our current list of integrations for shopping carts and platforms:
Mobius Payments | Shopping Cart Plugins - Mobius Payments
You state over charging was the issue that spawned this thread. Id be more than happy to take a look at you statements of concern and provide you with a proposal outlining what your business would look like partnering with Mobius Payments.
If you have any additional questions please reach out.
Im here to help.