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Handy calculator for comparing merchant account rates
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moonpies



Joined: 09 Mar 2008
Posts: 52

Posted: Wed Apr 09, 2008 11:02 pm    Post subject: Handy calculator for comparing merchant account rates  

Use this handy calculator to compare merchant account rates. You enter your average ticket and number of transactions per month, then the fees for the merchant account you are considering, and it calculates your charges over time. Compare to other merchant accounts and web payment services. Very handy!
http://www.merchant-account-services.org/articles/tmpvstpp-calculator.php

Suggest you read the article, too:
http://www.merchant-account-services.org/article/merchant-accounts-compared/1
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purple_reading_giraffe



Joined: 04 Feb 2008
Posts: 5320
Location: Indiana, USA

Posted: Thu Apr 10, 2008 12:24 am    Post subject:  

It's interesting - something about that site makes me think they used SiteSell to build it. :) Nope - it's a GoDaddy registered site.

The calculator wouldn't work for me at first until I filled in the information from the RH side into the LH boxes. Using their examples, PayPal came up cheapest over 12 months every time (by just a bit). Interesting. They didn't list all the online processors, though; but one could plug in a different processors data into the LH side and compare.
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moonpies



Joined: 09 Mar 2008
Posts: 52

Posted: Thu Apr 10, 2008 11:46 am    Post subject: Re: Handy calculator for comparing merchant account rates  

Hi purple_reading_giraffe,

Oops. The calculator can be a bit confusing. You can choose from the examples on the right and then press the "calculate" button on the lower right. Or you can fill in the information on the left (average ticket and number of transactions above plus fill in info for the account you are considering below) and then press the calculate button at lower left.

The results will be be displayed at the bottom of the page.

PayPal did not always end up cheaper for me. For example, MerchantPlus usually came out cheaper or only slightly more than Paypal in my own calculations. It all depends on your average ticket/number of transactions. What percentage of corporate and international sales you have or can expect can also influence your overall costs. Some merchant accounts have a surcharge for corporate and international sales.

That's interesting that you thought this was a SiteSell site. What made you think so? The look? The great job on SEO?
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purple_reading_giraffe



Joined: 04 Feb 2008
Posts: 5320
Location: Indiana, USA

Posted: Thu Apr 10, 2008 4:38 pm    Post subject:  

The look and the hyphenated url - was curious about the SEO (if it was a great job) and was going to ask you. I suppose they could have built it with site sell years back and moved the hosting later...

For some reason the RH side got no results in the Merchant column (all zeros), so that's why I mentioned it as a work-around if anyone else had that problem.
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