Anyone know anything about Internet Merchant Accounts?
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
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