phaz0rz | 01-30-2017 12:21 PM | Re: Ready To Go All Out I don't think your volume would be high enough to make using a merchant account a viable option. Banks assess your volume to determine what kind of processing rates they can offer you. Unless you're processing at least a few hundred orders weekly, you'd probably end up paying more using a merchant account than you would with Paypal. Plus you would be missing sales from customers who will only pay with Paypal.
Not to mention the merchant account application process. Does you or your business have any credit? Neither I nor my business has any credit history, so I was denied at the first place I applied. Finally got on at another company with slightly higher rates. Besides checking your credit, whatever bank/company you apply at will want to see examples of your marketing material (a link to an eBay store works), a detailed return/refund policy, statements from your previous processor (or Paypal), your business and personal details, etc, etc. It's a headache.
I would just stick to Paypal for a dropshipping operation. I would also take it easy at first. Listing $5k worth of items on a 0fb account is just asking for trouble. |