I am looking to find the best merchant account provider that will allow both swipe and e-commerce abilities at low enough rates for a small cafe avg .50 per transaction. I would prefer to know about companies you might be using or have used in the past. Thanks!
There are several options available.
With the average ticket that small you need to be set up with a Small Ticket Processing program for the retail section of you cafe. This will allow you to get rates at about 1.90% & $0.15 per transaction. That means you will pay about $0.22 for every $3.50 sale. If you were on a typical retail program you would pay about 1.80% & $0.25 per transaction. That means you would pay about $0.31 per $3.50 sale.
It is very important to be on the right program.
As far as the e-commerce side, It all depends on what you would like to have. If you need a shopping cart for a website, there is a great option if you a re building the website yourself. If you just need the ability to key in credit cards online, then we are talking about a completely different set up.
In either ecommerce scenario expect to pay more for card not present transactions here. It would be best if your average sale amount was much higher on the ecommerce side of your business. The rates will be about 2.2% & $0.25 per transaction.
The company below can assist you with setting up both of those accounts to help you maximize your profits:
http://www.omnitranz.com
Good Luck!