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A discussion of payment processing and how it relates to all aspects of technology.

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By TRANSAX - May 10, 2010

Credit Card / ACH processing integration example using PHP now available on my blog: http://ping.fm/8HLcT

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Join One Of Our Live Webinars!

By Cassandra Ogden - February 05, 2019

TRANSAX - Now Powered By Pineapple Payments! Join any of our upcoming live webinars, every Monday and Thursday at 11:00am EST to preview how key features of the gateway operate. Register Here: http://pineapplepayments.com/webinar

Merchant Account Cancellation Fees

By TRANSAX - July 28, 2009

It is a standard practice in the industry to charge an early termination fee. This is understandable - considerable time and effort goes into underwriting and boarding a new account, time is spent on customer service, etc. An early termination fee is a way for a merchant account provider to make sure they will recoup their initial investment into a new merchant account. These fees are usually range from $200 - $500 depending on the provider. However, some entities enact extremely unethical early termination fees. For example, some merchant account providers will charge a mutliple on the earnings from the largest volume month over the past 12 months. Some providers will go so far as charge a multiple on their profit + interchange + dues and assessments! Two examples that I have encountered: 1) Big Bank - I had a merchant processing with this bank. They wanted to cancel, and were prepared to pay what they thought was a $295 early termination fee. They receive a communication from the ban...

Flexible Pricing Controls

By Tim Mason - April 04, 2014

At one time we were resellers of all the top gateways. Like our agents, we would cherry pick which gateway to use based on the needs of the merchant. That was until we built our own gateway from the ground up in an effort to eliminate a fragmented portfolio. Part of our inspiration for the rebuild was flexible pricing. We have all lost prospects to unavoidable fee structures. Most of the time there is nothing an agent can do about it. Or is there? With our gateway agents can do three things other gateways usually won't allow: Sell Below Buy Rate - Sell lower than your own costs or waive fees entirely. You have the power to create and market any pricing package you want. Feature by Feature Pricing - Virtually every feature can be sold with additional fees including Setup, Monthly, or Transaction basis. Charge by Basis Points - Charge merchants using basis points instead of a flat monthly or transaction fee. Flexible Pricing Controls