Then there's some stuff about free for 60 days. It's not clear to me if this is a full merchant account or what. They certainly don't provide any pricing info in their mailer (I got two of their mailings this weekend).
I went to their website http://www.acceptpay.com/pricing.html and I found the pricing. It's a traditional mode which does not match the Paypal system for simplicity. I would think that Paypal would start driving the others down to their pricing level soon. Or out of business. I wonder what moved Amex to start something (is this new?) and to not go with the simple pricing of PayPal?
Paypal, I'm hoping, will bring some rationality and value to the merchant account business. Right now, it seems like the vendors just run amuck promising all sorts of things and then not delivering.
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|1. PaySimple, a registered ISO/MSP in association with First National Bank of Omaha, Omaha, NE is offering and shall provide all AcceptPay enrollment and payment services. American Express is not providing or acting as an Agent for the solicitation of any product for or on behalf of First National Bank of Omaha. |
2. Alternate merchant rates may apply based on industry and charge volume. American Express reserves the right to make adjustments to our merchant rate tables and other pricing policies and will notify you of pricing changes in advance. Other fees may apply.
3. For non-American Express payment cards, the merchant rate is determined by PaySimple. Minimum base rate of 2.29% applies to qualified MOTO rate transactions. Alternate merchant rates may apply based on card and transaction type. PaySimple reserves the right to modify its rates and pricing policies and will notify you of changes in advance. Other fees may apply. If you choose to link your pre-existing merchant account to AcceptPay, you will be subject to additional fees of $10 per month + $0.15 per transaction.
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