davef139 said: %5 on cc payments unless you push a monthly volume of 3k. Yeah thats not going to get used.Huh? From what I see the 5% is for transactions under $10. For transactions over $10 it's the same 2.9% + $0.30 as PP. Volume discounts kick in once you go beyond $3K in a month.
davef139
Senior Member - 3K
posted: Jul. 30, 2008 @ 9:54a
Hmm looks like i read it backwards, isnt Amazon really buyer friendly tho?
48695
Ancient Member
posted: Jul. 30, 2008 @ 10:19a
Pricing
There are no start-up charges, monthly charges, hidden fees, or long-term contracts when using Checkout by Amazon.
Fees are assessed on a per-transaction basis and vary depending on the transaction amount. They are based on a percentage of the transaction amount plus a per transaction fee.
For Transactions >= $10: 2.9% + $0.30 for all transactions
Volume Discounts
2.5% + $0.30 for all transactions for monthly payment volume from $3k-$10k 2.2% + $0.30 for all transactions for monthly payment volume from $10k - $100k 1.9% + $0.30 for all transactions for monthly payment volume over $100k
For Transactions < $10: 5.0% + $0.05 for all transactions
The 5% is only for transactions less than $10.
A $10 charge will have $.59 in fees. 10 x .029 + .30 = .59 A $9.99 charge will have $.55 in fees. 9.99 x .05 + .05 = .5495
A $5.00 charge at the 5% rate will have $.30 in fees. 5.00 x .05 + .05 = .3 A $5.00 charge at the 2.9% rate will have $.45 in fees. 5.00 x .029 + .30 = .445
For some reason it looks like they are saving you money by charging the higher percentage rate on the less than $10 charges. Maybe my math is wrong.
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