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Credit card machine; who offers lowest commission rates

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  • 17-09-2014 4:31pm
    #1
    joebre
    Registered Users Posts: 562 ✭✭✭


    Hope I am in the right forum.
    Have a credit card machine and am paying around 4% on transactions.
    Can anybody advise who offers the best rates?
    Don't want a machine where I have to be paying a monthly rental, if possible.


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    #2
    joebre
    Registered Users Posts: 562 ✭✭✭joebre


    Just saw a similar post in this forum.
    Just to add that I am with Elavon with a handheld terminal or browser option.
    Got a call a couple of weeks ago from a company who arranged an appointment, offering rates under 2%. They did not turn up so no idea how reliable they are, after a no show !


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    #3
    HBrody
    Registered Users Posts: 4 ✭HBrody


    I don't use the Machine but use the online portal and pay under 2%... It seems at 4% someone is taking you for a ride!


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    #4
    HBrody
    Registered Users Posts: 4 ✭HBrody


    Also Im with Elavon. You should contact them to get a better rate!


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    #5
    joebre
    Registered Users Posts: 562 ✭✭✭joebre


    Made contact with Elavon and got summary of fees.
    2.95% on credit cards
    48c on debit cards.
    Seem to be charged €10 for hardware rental even though I thought I had changed to a small hand held Posmate terminal, without any monthly fee.
    Will have to wait until tomorrow to speak to somebody.


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    #6
    Bandara
    Registered Users Posts: 3,282 ✭✭✭Bandara


    Your being shafted

    I pay :

    .69% for standard Visa cards
    .93% for Mastercards
    12c per transaction for Visa Debit > €15
    And 7.8c per transaction < €15

    Streamline is the Merchant via Ulster bank


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    #7
    Cianos
    Registered Users Posts: 4,850 ✭✭✭Cianos


    Bandara wrote: »
    Your being shafted

    I pay :

    .69% for standard Visa cards
    .93% for Mastercards
    12c per transaction for Visa Debit > €15
    And 7.8c per transaction < €15

    Streamline is the Merchant via Ulster bank

    Are you paying any rental fees? Do those rates depend on a minimum volume?


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    #8
    cfeeneyinterior
    Registered Users Posts: 1,077 ✭✭✭cfeeneyinterior


    Bandara wrote: »
    Your being shafted

    I pay :

    .69% for standard Visa cards
    .93% for Mastercards
    12c per transaction for Visa Debit > €15
    And 7.8c per transaction < €15

    Streamline is the Merchant via Ulster bank
    Those are savage rates. Are you a convenience shop or something?


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    #9
    delahuntv
    Closed Accounts Posts: 1,532 ✭✭✭delahuntv


    rates will depend on your volume. just like anything else.

    If you card turnover is €1m + you will get rates at or below 1%. A little higher for corporate cards.

    If your turnover is under 100k, then about 2% will be best rate.


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