I do know that Shopify posts their percentage charges per transaction if they use their credit card processing as 2.9% + $0.30 per transaction. I have not used any other types of credit card processing systems. Does this percent seem fair and is it on par with others? I assume my monthly sales will be less than $3k a month. Thanks
The rate is competitive, but we have quite a few customers that quit shopify because a 7 day hold / deposit delay on funds wasn't doable. Yes you can process with your own merchant account and payment gateway, but then they add an additional 1% - 2% on your gross volume, even though they have to do less work and take no risk on your transactions.