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Tycoon Talk > SEO & Internet Marketing Tycoon > eCommerce Tycoon > Does it cost much to set up a Merchant Account?

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Does it cost much to set up a Merchant Account?
Old 11-24-2011, 05:19 PM Does it cost much to set up a Merchant Account?
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Hi Guys
I'm in new Zealand.
I offer Paypal on my website. I would like to offer credit cards facilities.

I was wondering how much it costs to set up a Merchant Account to offer credit cards in the USA and UK (just for comparison purposes)
Are there set up fees and ongoing monthly fees ?
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Old 11-24-2011, 06:02 PM Re: Does it cost much to set up a Merchant Account?
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Are there set up fees and ongoing monthly fees ?
Yes usually.

depending on the bank there can be:

A setup fee.
An annual charge .
Monthly fees.
Transaction costs,
Possible charges if you don't meet a certain amount of sales each month.
Fees for accepting more than one currency.

plus anything else they can get away with!
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Old 11-28-2011, 04:39 AM Re: Does it cost much to set up a Merchant Account?
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Paypal is best option because it is cheap in compare to other services so use paypal only. I am also paypal user because it is secure.
My gold silver ads site is based on pay pal.
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Old 12-05-2011, 12:46 PM Re: Does it cost much to set up a Merchant Account?
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It doesn't cost that much.

Usually a couple of hundred pounds and then a monthly charge of about £20 plus a commission for each transaction.

A lot cheaper than running an actually high street shop
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Old 03-01-2012, 08:15 AM Re: Does it cost much to set up a Merchant Account?
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Depend upon where you from every country has there own banking policies. But Paypal is good option some business . all depend upon the requirement of your business
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Old 03-02-2012, 11:42 PM Re: Does it cost much to set up a Merchant Account?
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"Hi Guys
I'm in new Zealand.
I offer Paypal on my website. I would like to offer credit cards facilities."

You DO know that people can pay via credit card through PayPal Standard, right?
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Old 04-19-2012, 04:15 AM Re: Does it cost much to set up a Merchant Account?
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No, the cost to set up a merchant account is not much, because they provide many faculties to their clients. Well, it’s also depends on your location.
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Old 04-19-2012, 07:16 AM Re: Does it cost much to set up a Merchant Account?
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Have you tried Google Checkout they are getting more and more popular now. On our website we accept both PayPal and Google Checkout
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