An Age of Magic

Cheaper credit card processing than from your bank

Most businesses that start out never think of any other option than doing their credit card processing by way of their own bank.

That’s a big mistake as you end up paying for just about everything that’s often free elsewhere. Now, you’d expect to pay for the credit card machine itself obviously (and they’re not cheap) and you’d expect to pay some kind of percentage per transaction too. However, ”obviously” the bank would set up the machine for you, wouldn’t they? Not always: some charge $50 or more to do that. You’d also expect to be able to handle mail order transactions as standard? Nope, the “customer not present” facility is often a chargeable option.

However, a non-bank outfit like authorize.net omits almost all of these charges, and in particular those that you’d be surprised at your bank charging you.

Popularity: 48% [?]