There is a $25.00 Monthly Processing Minimum on every
merchant account. This is the "minimum amount" you must pay
each month for your Visa/MasterCard processing fees and includes
transaction fees. The monthly minimum does not apply to Discover or
American Express or your monthly Statement fee.
Our Merchant Account Application SHOULD ONLY TAKE A FEW MINUTES TO
Become an online merchant today and watch your sales grow
Example: If you sell $800 in goods or services
during one month, your total Visa/MasterCard Discount FEES would be
$18.32 based on a rate of 2.29%. If you had 12 transactions at 30 cents
per transaction you would ADD $3.60. The total processing fees of $18.32
plus $3.60 = $21.92 which does not meet the $25.00 minimum, so at the end
of the month we will ADD $3.08 in order to round your processing fees up
to a total of $25. If you sell $1600 in goods or services during one
month, your total Visa/MasterCard Discount FEES would be $36.64, based on
a rate of 2.29% so there is NO MONTHLY MINIMUM.
NOTE: A risk assessment fee of $99.00 will be
assessed within 90 days of activation to all merchants. The risk
assessment fee is charged as an Annual Fee.
When applicable, your checking account will be
debited for the setup fee for your Payment Gateway once your account is
approved. Once you click through to the Online Application, and are
approved, you are agreeing to the Payment Gateway Fees shown
YukonSoft™, YukonSoft E-Business Solutions™, Y.E.S.!™, Product
Portal Engine™, PPE™, YukonSearch™ and YukonSoft Search
Services™ Y.E.S.! e-Commerce™, Y.E.S.! Time and Attendance™,
Y.E.S.! V-Mall™, Y.E.S.! Sales Tax™,
Y.E.S.! Front Office™ are Trademarks of Gateway Equipment Company.
Copyright 2011, Gateway Equipment Company - All Rights Reserved.