There is a small one-time set up fee, a monthly account fee, and nominal processing fees for your transactions.

By providing your payment information, you permit funds received from your merchant account (minus fees) to be automatically deposited into your specified bank account.

Every merchant will receive their payments according to the schedule defined in the terms of their merchant agreement.

Credit cards typically charge a percentage of the sale for use and this amount is referred to as a discount rate.

A transaction fee is applied by the processor to cover the costs of receiving and processing the transaction.

Many banks require a non-interest-bearing deposit equal to 1 or 2 times the average estimated monthly credit card sales by a merchant. This can pose a substantial financial burden to accepting credit cards for merchants. The purpose of this deposit is to cover any purchase refused by a customer and for which the customer's credit card issuer refuses to pay (a charge back). To overcome the barrier of a large cash deposit, Pay1Secure holds a reserve fund on your merchant account. This reserve is held for 180 days after the sale. At the end of the 180-day period, net reserves will be returned to you.

A charge back is a reversal of a sales transaction by the customer's credit card issuer. Charge backs most often occur when a cardholder disputes a transaction and you, the merchant, cannot provide adequate proof that the transaction made to a cardholder's account is valid. When a purchase is charged back to the merchant, a $ fee and any fees charged by the customer's credit card issuer will be deducted from your account in addition to the value of the sale.

It may not be possible to prevent all charge backs. However, Pay1Secure Credit Card Processing has attempted to reduce the number of charge backs. The merchant's business name and customer service telephone number will appear on the customer's credit card statement. This reduces the risk of a customer not remembering the purchase. As a merchant, you can help by ensuring that the name you register for the service is the name under which your business operates.

Just click on the tab titled “Merchant Agreement” to see a sample copy. Each account is reviewed at application time and the exact fee structure will be determined at that time.