VOLUSION MERCHANT SERVICES AND GATEWAY
$10.00 Statement Fee per month
$17.99 Merchant account and credit card processing gateway per month
$3.41 PCI Compliance Fee
2.17% Qualified discount rate per transaction
$.27 Transaction fee per transaction
$.07 Gateway Transaction fee per transaction
$1.87 Monthly Regulatory Compliance Fee (IRS)
In total your monthly fixed costs are $33.27 ($17.99 gateway fee + $10 statement fee + $3.41 PCI fee + $1.87 MRC Fee). Additionally, you will be incurring the per transaction fees of 2.17% of the total price along with $0.34 total flat fee per transaction (27 cent order transaction fee plus a 7 cent gateway transaction fee). Example: A $100 transaction would cost you $2.51
Sur-Charges
Non-Qualified Cards – international cards 1.79%
Mid-Qualified Cards – rewards cards 1.39%
*No double sur-charge
Batch Fee = .30 cents every time you batch
Additional Fees that you will most likely not incur:
Non-sufficient funds fee = $30 – you get this fee if you do not have enough funds in your account to pay your monthly Volusion act bill
Voice AVS fee = $2.00 – you only get this fee if you call in to verify an address
Voice Auth fee = $1.35 – you only get this fee if you call in an authorization
Chargeback fee = $25 – you only get this fee if a customer disputes a charge on their cc
Retrieval Fee = $7 – this fee is related to a charge back. The processing bank charges you this fee if
they have to go into your account and refund a customer if you do not issue the
refund after the charge back.
Cancellation Fee:
If you cancel your merchant account before your three year term, you will incur a $99 cancellation fee.
Monthly Minimum:
$25 monthly minimum, as long as you do at least $25 in transaction fees per month, you will not incur a monthly minimum, because you will be meeting the minimum.
No Application Fee
No Setup Fee