Credit processing fees: 13.7%

[PaulLovesJamie]

13.7%. That's how much I paid for credit card processing for CY 2012. 2013 is just about the same so far.
I added up all the fees - transaction fees, gateway fees, compliance fees, etc - anything I had to pay to Blue Pay. Divided it by the total $ deposited into my account and came up with 13.7%.

2 conclusions so far:
Thats too much by far.
I'm in the wrong business.

 

[soapy]

Your findings are right in line with mine. Blue pay is more than double what I pay through the processor I use with Wash Gear.

 

[Jeff_L]

That's way too much. Call John Gunset at TSYS, he'll help you out. I switched to them at the beginning of 2013 and am paying less than half what you stated.

T|SYS| Merchant Solutions, LLC
John Gunset / Merchant Advocate
1620 Dodge Street, 24 NE
Omaha, NE 68197
P:402-574-7122
F:866-645-4492
E:jgunset@tsys.com
www.tsysmerchantsolutions.com