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hey guys i need some seriously help in deciding a merchant + gateway for my ecommerce website, which is selling clothes/apparels . Montly sale will be between 10k to 15k .
i have googled alot and came down to 2 companies that i think are OK. Please help me decide which one is better or if you have had experince with these companies please share your openion.
These are the rates i have been offered.

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BOA merchant services:

US visa/master/disvry : 2.10% + 0.20 per trans
US visa/master debit cards : 1.85% + 0.20 per trans
US visa/master/disvry reward or corp cards: 3.10% + 0.20 per trans
amex : 3.50 + 0.20
international visa/master: 3.2% + 0.20
chargeback $15
monthly fee $20
3 years contract
visa/master yearly fee $38
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what i like is the 1.85% rate that im getting on check visa cards . Not sure how many people use those only but if they do then i will be getting a very good rate.
Also the 2.10% rate is not bad , but the rate on the reward cards (which i guess most of the people use these days) is 3.10 % a bit high

2nd company is
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ECHO MERCHANTS

US visa/master 2.25% + 0.30 per trans (same rate for debit visa)
US visa/master/reward or corp cards: 2.33% + 0.30 per trans
amex : 3.25%
disvry : 2.22% + 0.10
international visa/master: 2.94% + 0.30
chargeback $5 ( very low chargeback fee)
monthly fee $10
3 years contract
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what i like about this is the low reward card fees and the chargback cost. also amex is a bit lower .

well thats about it, your help is grealty apprecaited

thankyou

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Last Post by Blaketh08
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BOA merchant services:

US visa/master/disvry : 2.10% + 0.20 per trans
US visa/master debit cards : 1.85% + 0.20 per trans
US visa/master/disvry reward or corp cards: 3.10% + 0.20 per trans
amex : 3.50 + 0.20
international visa/master: 3.2% + 0.20
chargeback $15
monthly fee $20
3 years contract
visa/master yearly fee $38
-----------------

what i like is the 1.85% rate that im getting on check visa cards . Not sure how many people use those only but if they do then i will be getting a very good rate.
Also the 2.10% rate is not bad , but the rate on the reward cards (which i guess most of the people use these days) is 3.10 % a bit high

The monthly fee is a little high. It shouldn't be more then $10. There also should not be any annual fee. Otherwise this is not a bad deal.

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ECHO MERCHANTS

US visa/master 2.25% + 0.30 per trans (same rate for debit visa)
US visa/master/reward or corp cards: 2.33% + 0.30 per trans
amex : 3.25%
disvry : 2.22% + 0.10
international visa/master: 2.94% + 0.30
chargeback $5 ( very low chargeback fee)
monthly fee $10
3 years contract
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what i like about this is the low reward card fees and the chargback cost. also amex is a bit lower .

The American Express rate they quoted you is incorrect. American Express has a set fee structure and it will be the same regardless of which merchant account provider you choose. As an Internet company your rate will automatically be 3.50%. You also will pay a passthru fee of approximately 20¢ to go through the Visa and MC network.

I wouldn't call a low chargeback fee a benefit. If you get too many you'll be shut down forever. So instead of thinking it won't be as bad to get chargebacks, do your best not to get any at all.

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i've had bad luck with bank of america in the past. our chargeback rates were way below any threshold and they kept contacting us saying we were in a bad area. i don't know the other company you mention, so i can't say anything on them. i went thru a different company that i can pass along if you'd like.

good luck :)

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