Merchant account.

I just got QuickBooks 2001 to do my accounting with.

It has a credit card processing feature. Looks like you apply for the
merchant account on a form in the software, get an answer in two days.
Says there’s no application fee, no per-transaction flat fee, no monthly
fee – the only thing they take is a 3.5% discount (which a small business
doing card-not-present transactions would probably be paying anyway in
addition to all those other fees). There’s no deposit but they keep a 5%
six-month float (i.e. when you process a payment, you get 95% of it on
this month’s cheque and the other 5% is on the cheque six months from now)

I might give that a try.

This is the Canadian edition, but I assume the American one does it too
(looks like an American company’s behind the merchant account) – though
the American edition probably doesn’t offer the nifty feature of being
able to charge cards in either Canadian or US dollars.

that’s pretty good, actually. I recently got peachtree accounting for my
accounting and it had a similar offer, but it had all the fees (monthly,
setup, etc.)

I’m still digging propay. It’s been working great so far and the fees are
pretty low. I wonder what merchant processor the quickbooks offer is from.
Does it say?


Rodney Blackwell - site owner/administrator

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“Winston D. Neutel” <winston@dramaturgy.net> wrote in message
news:9ln7n1$5dl$1@constitution.worldwebserver.com
> I just got QuickBooks 2001 to do my accounting with.
>
> It has a credit card processing feature. Looks like you apply for the
> merchant account on a form in the software, get an answer in two days.
> Says there’s no application fee, no per-transaction flat fee, no monthly
> fee – the only thing they take is a 3.5% discount (which a small
> business doing card-not-present transactions would probably be paying
> anyway in addition to all those other fees). There’s no deposit but they
> keep a 5% six-month float (i.e. when you process a payment, you get 95%
> of it on this month’s cheque and the other 5% is on the cheque six
> months from now)
>
> I might give that a try.
>
> This is the Canadian edition, but I assume the American one does it too
> (looks like an American company’s behind the merchant account) – though
> the American edition probably doesn’t offer the nifty feature of being
> able to charge cards in either Canadian or US dollars.
>
>

Winston D. Neutel wrote:

> fee – the only thing they take is a 3.5% discount (which a small
> business doing card-not-present transactions would probably be paying
> anyway in addition to all those other fees).
What other things would be needed to do online sales in realtime with
that? Just something like authorize.net for the processing, or nothing?

What bank is this through? I wonder if this is available without the
quickbooks purchase.

     ___________ ===================================================
     ___ /_/ / / / / Kevin Gilbertson - mail@gilby.com
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Kevin Gilbertson wrote:
>
> What other things would be needed to do online sales in realtime with
> that? Just something like authorize.net for the processing, or nothing?

We’ve had the worst ever time with authorize.net. They setup our account
and never told us the proper information for accessing it. Then they
charged the wrong card for fees and when it came back insufficient funds
we told them repeatedly to use this other card, and they kept charging the
wrong card… until they closed our account without our knowledge, us
thinking everything was fine.

One pain after another… we just finally let them go and have been
without a realtime processor ever since.


Shena Delian O’Brien * http://www.darklock.com/shena/ The Graphics Kitty!

yeah, I’m not a big fan of realtime processors. Too many factors for
screwing something up (or for fraudulent orders)


Rodney Blackwell - site owner/administrator

http://T-ShirtCountdown.com http://TalkT-Shirts.com/
http://ihateclowns.com/ http://NewT-Shirts.com/ http://DomainJunkies.com/
http://EmailSources.com/ http://SellYourLogo.com/ http://JackAssMail.com

Free Color Business Cards http://www.linkcounter.com/go.php?linkid=153264

“Shena Delian O’Brien” <shena@darklock.com> wrote in message
news:3B7F589E.AA4D17EA@darklock.com
> Kevin Gilbertson wrote:
> >
> > What other things would be needed to do online sales in realtime with
> > that? Just something like authorize.net for the processing, or
> > nothing?
>
> We’ve had the worst ever time with authorize.net. They setup our account
and
> never told us the proper information for accessing it. Then they charged
the
> wrong card for fees and when it came back insufficient funds we told
> them repeatedly to use this other card, and they kept charging the wrong
card…
> until they closed our account without our knowledge, us thinking
everything
> was fine.
>
> One pain after another… we just finally let them go and have been
without
> a realtime processor ever since.
>
> –
> Shena Delian O’Brien * http://www.darklock.com/shena/ The Graphics
> Kitty! * http://www.darklock.com/abstract/ Fantasy Age *
> http://www.darklock.com/fantasy/

It’s not realtime and not available without quickbooks. You have to enter
the info in quickbooks to process the payment – or you can send an e-mail
invoice from quickbooks and they pay online.

Wait a second. I just looked at the US quickbooks web site and it’s a
totally different offer (from different banks) – not quite as good as the
Canadian one but not terrrible either, I guess –
http://www.quickbooks.com vs http://www.quickbooks.ca

Anyway, this deal especially handy in Canada where Visa and MasterCard
aren’t tied together like they are in the US – to accept both, you need
two different merchant accounts from different banks, and you usually need
to have one for a while before you’ll get approved for the second one (a
lot more places take Visa than MC, in case you’re ever travelling in
Canada). This way you get both at once.

Kevin Gilbertson <mail@gilby.com> wrote in message
news:3B7F3E13.9060702@gilby.com
> Winston D. Neutel wrote:
>
> > fee – the only thing they take is a 3.5% discount (which a small
> > business doing card-not-present transactions would probably be
paying
> > anyway in addition to all those other fees).
> What other things would be needed to do online sales in realtime with
> that? Just something like authorize.net for the processing, or
nothing?
>
> What bank is this through? I wonder if this is available without the
> quickbooks purchase.
> –
> ___________

> ___ /_/ / / / / Kevin Gilbertson - mail@gilby.com
http://gilby.com
> / _ ‘/ / / _’_ / ICQ: 12611076 AIM/AOL:
UnicyclingGilby
> _ ///,___/ / Free e-Mail and Webspace at
http://www.Unicyclist.com
> // /__________/ Original Unicycling T-shirts
http://gilby.com/t-shirts
> __/