Quote:
Originally posted by hollymoss
Hello!
If you want the 411 on taking online checks with Electracash
contact HMOSS - [email protected]
Great Article written on taking online checks
click here! http://www.webmastervault.com/tip-on...ocessing.shtml
You want to make sure what is the bottom line for cost for processing. Per transaction, NSF fee and Set up extra, reserves etc ...
Some companies might charge a lower flat rate .. but then charge for set up or add a per transaction.
Before for you start .. make sure you are aware of all the costs invovled. Also, get a couple of recommendations...
hmoss
http://www.hmossconsulting.com
Alternative Billing Solutions
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I am aware of all the costs and you are NOT cheap. Go for WTS until electracash stop charging for things they shouldn't be. I've got enough numbers to know what I'm talking about.
Reporting From: 2/19/2004
Through: 3/15/2004
Distribution Date: 3/22/2004
Gross Sales: $669.20
Less Returns: $149.85
Less Refunds: $79.90
Less Fees: $106.99
Less Reserves: $33.49
Plus Rejected Refunds: $0.00
Misc Adjustments: $20.00
Total Distribution: $318.97
This means you charged me $106.99 for NET sales of $439.45
Now that's almost 25% !!!!!!!!!