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LiveDose

11-29-2007 05:42 PM

Credit Card Industry Peeps

Anyone know the ballpark average discount rate for brick and mortar retail on new accounts?

I know there is a wide range of qualified rates offered in this industry. I am just trying to get an average going rate.

Thanks.

tony286

11-29-2007 05:43 PM

if its not high risk its very cheap like 2.5 to 3%

LiveDose

11-29-2007 05:45 PM

For brick & mortar? That seems high, no?

minusonebit

11-29-2007 05:52 PM

Brick and mortar is usually between 1.9% and 2.5%.

PaygeaGrl

11-30-2007 10:02 AM

Pricing should be around 1.7-1.8% plus $.25 total with a $10.00-$25.00 monthly statement fee.

PaygeaGrl

11-30-2007 10:07 AM

no higher than that.

NETbilling

11-30-2007 10:23 AM

Quote:

Originally Posted by PaygeaGrl (Post 13450830)

Pricing should be around 1.7-1.8% plus $.25 total with a $10.00-$25.00 monthly statement fee.

Patricia is correct but it depends on your volume and what you are selling too. Let me know if you need help. We do retail as well and work with several banks to get you the best rate.

Mitch

spunkmaster

11-30-2007 11:43 AM

Quote:

Originally Posted by LiveDose (Post 13448208)

1.69% to 1.89%

NETbilling

12-03-2007 09:40 AM

Quote:

Originally Posted by Jesus H Christ (Post 13450953)

I just got approved last week and phasing out my third party processor. CC .99 debit 1.3 AMEX 2.2. The only thing slowing me down now is learning NATS.

I used Merchant Wharehouse.

There is no such things as a discount rate of .99

Mitch

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