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tha smallest payment?

Discussion in 'Payment Processing' started by Solicitors Mortgages, Feb 28, 2006.

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  1. #1
    what is the smallest payment you are allowed to make on a credit card ? (on the web) is there a minimum?

    does it differ according to USA/UK, or card type?
     
    Solicitors Mortgages, Feb 28, 2006 IP
  2. brandondrury

    brandondrury Peon

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    #2
    I'm not sure of a formal limit, but you are charged a flat fee per transaction by your merchant account provider. It depends on where you get your merchant account, but $0.25 per transaction is pretty typical if my memory serves me right.
     
    brandondrury, Feb 28, 2006 IP
  3. jestep

    jestep Prominent Member

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    #3
    There is no minimum.

    As a business, as stated, you are charged on a per transaction bases normally with a percentage and a flat transaction fee.

    US is going to be much cheaper than UK. But no matter what you do expect a transaction fee of at least $.25 / transaction Plus a 1.7% and up processing fee depending on how you take the card.

    Paypal also offers a micro-payments option for small tickets, that as far as I have ever seen is unbeatable, but it is paypal.

    Are you looking at this from a consumer point of view or a someone looking to accept small payments?
     
    jestep, Feb 28, 2006 IP
  4. Solicitors Mortgages

    Solicitors Mortgages Well-Known Member

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    #4
    To accept small payments on the uk business directory I am currently revamping.
     
    Solicitors Mortgages, Feb 28, 2006 IP