Meramak Bankcard Merchant Account Services

1. Monthly bank statement fee: $10

2. Discount Rate for MasterCard and Visa
(swiped cards) 1.65% (non-swiped cards) 2.59%

3. Transaction fee: .25 cents (swiped cards)
.35 cents (non-swiped cards)

For pricing on Telecharges Processing or Internet Gateway Processing..

If your business does the minimum amount of credit card transactions required by banks each month, there are no other monthly fees.
If your transactions do not meet the minimum required, the following additional fee will apply:

Minimum Monthly Discount (pro-rated)
All merchant accounts should do a minimum amount of
business each month.
Your discount rate X your monthly sales = Minimum Monthly

Anything above the minimum, the fee is waived.
Anything below the minimum, fee is pro-rated from $0 to $25
Remember: meet the minimum and you owe $0
Meet half of the minimum, and
you owe $12.50
If you had no credit sales in a month,
you would owe $25.
Most businesses never have to pay this fee, and if they do, it's only for a couple of months until their business becomes established and their sales increase.

Banks issue credit cards and banks process credit cards.
MasterCard and VISA do not. MasterCard and VISA design the credit card programs, (Gold, Platinum, Signature, etc.) and banks implement them.
MasterCard and VISA also write the regulations that merchants must follow to process credit card transactions. MasterCard, VISA, and banks have monthly costs involved for merchants accounts.
Some government cards and corporate purchasing cards are processed at higher rates according to MasterCard and VISA regulations.
These types of cards usually require Level II or Level III processing.

Note: If you think that your business will do less than $500 in credit card transactions per month, you may want to wait until your sales increase. Accepting credit cards may not be cost effective for your business until your monthly volume increases.