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As an Internet Businesss, I am having some problems with Merchant Account fees that maybe someone can clear up. I understand the per transaction fee and percentage of order fee - but I am getting charged multiple fees - let me explain:
For every order I am being the charged the $0.30 fee when the order is placed (Pre-auth). then I am charged another $0.30 fee when the order is shipped and I capture the funds (capture). Then daily I get a $0.30 fee when the nightly batch process occurs - this is one fee per day so no big deal.
Do all Internet processors charge, and all Internet merchants pay to Pre-Auth and then to capture? Quickbooks is my Merchant Processor via GoDaddy and neither one seems to have a clue about anything.
Any recommendations on A great hosting provider with great shopping cart and Merchant processor? thanks for any help.
BTW, I worked for VISA for many years and understand the card issuing side in excruciating detail, but this is my first exposure to being a merchant.
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