A non-profit I belong to is setting up an online store and our web host says we need an internet merchant account. We've looked at a couple companies that provide this service, but the fees will eat us alive. Our volumes are pretty low most of the year (probably in the $0-$100 range most months at least initally), and it seems like most IMAs have a minimum per month that you pay regardless. Anyone know of an IMA that works with smaller, low volume non-profits with reasonable fees?
ETA: the fees we're looking at are:
2.9% + $.30 per transaction
$35 minimum per month (have to sell around $1200 per month to get to this)
$100 setup fee
$10 per month statement fee
Results 1 to 3 of 3
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08-29-2009 #1
Platinum level (1000+ posts)
- Join Date
- Nov 2001
- Location
- near Ann Arbor MI
- Posts
- 1,788
Anyone know anything about Internet Merchant Accounts?
Last edited by schums; 08-29-2009 at 11:02 AM. Reason: Can't do math!
Sarah
Mom to Alex (2002) and Catherine (2003)
"The challenge of parenting isn't shaping your kids to be what you want, it's shaping yourself to be what your kids need." - Wellyes
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08-29-2009 #2
Platinum level (1000+ posts)
- Join Date
- Jul 2002
- Location
- Tucson, AZ.
- Posts
- 1,261
You can use Paypal for CC processing. It's a great choice if you're low volume.
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08-29-2009 #3
Platinum level (1000+ posts)
- Join Date
- Nov 2001
- Location
- near Ann Arbor MI
- Posts
- 1,788
Unfortunately, PP has a $35 minimum for non-profits as well. Trying to avoid the monthly fee as much as possible.
Sarah
Mom to Alex (2002) and Catherine (2003)
"The challenge of parenting isn't shaping your kids to be what you want, it's shaping yourself to be what your kids need." - Wellyes
