Jonas | 10-12-2009 04:19 PM | Anyone have a solution on this? So when I sell on eBay I mostly do my merchant account and I take some PayPal, but my merchant account with a company called "Total Merchant Services" started out good but eventually this company became a huge scam. They added a new fee each month and they also give me a higher discount rate because I process over the internet, but they at some point back started making every single transaction the non-discount rate and then combined with their cryptic bills and their reps lying, it took me quite a while to figure out that they charged me a non-discount rate purely because everything is over the internet when I've done everything to make it qualify for the discount rate.
I've been looking for new merchant accounts but all the ones I've come across are either scams or they say they won't take anyone unless they're a huge corporation with perfect credit and no debt at all.
With all of Total Merchant Service's fees, I'm paying 15% of my gross processing to them. It was 3% when I started and now it's 15% with their new fee a month crap.
And the only reason I'd bother with a merchant account is because I need it for eBay. |