Merchant One charges a monthly fee of $13.95, along with transaction rates that vary based on how payments are processed, specifically between 0.29% and 1.99%. There is no set-up fee.
Merchant One offers transparent pricing for its payment processing services, designed to accommodate various business needs. Understanding their fee structure involves looking at several components, including setup costs, monthly maintenance, and per-transaction rates.
Merchant One Fee Structure Overview
Here's a breakdown of the typical charges you can expect from Merchant One:
| Fee Type | Cost |
|---|---|
| Set Up Fee | $0.00 |
| Qualified Swiped Rate | 0.29% - 1.55% |
| Qualified Keyed-in Rate | 0.29% - 1.99% |
| Monthly Fee | $13.95 |
| Equipment Lease Terms | Flexible Lease Terms For All Business Types |
Detailed Breakdown of Merchant One Costs
- Set Up Fee: Merchant One distinguishes itself by offering a $0.00 set up fee. This means businesses can get started without an initial upfront cost for account activation.
- Monthly Fee: A consistent $13.95 monthly fee is applied to cover account maintenance and other administrative costs associated with keeping your payment processing active.
- Transaction Rates: These are percentage-based fees applied to each transaction processed. The rate depends on the method of payment acceptance:
- Qualified Swiped Rate: When a credit card is physically swiped or inserted into a card reader (e.g., in-store purchases), the transaction is often considered "qualified" and falls within a rate of 0.29% to 1.55%. These rates are typically lower due to reduced fraud risk and more complete transaction data.
- Qualified Keyed-in Rate: For transactions where card details are manually entered (e.g., over the phone, online, or when a card cannot be read), the "keyed-in" rate applies, ranging from 0.29% to 1.99%. Keyed-in transactions often carry a slightly higher risk and thus a potentially higher processing fee.
- Equipment Lease Terms: Merchant One also offers flexible lease terms for payment processing equipment. This allows businesses to acquire necessary hardware without a large upfront purchase, spreading the cost over time. The specific terms and associated costs for equipment leases would depend on the type of equipment needed and the agreed-upon lease duration.
Understanding these different fee components is crucial for businesses to accurately estimate their total processing costs with Merchant One. For more detailed information, you can visit the official Merchant One website.
