CC Transaction Fees

[sjramsay]

This may be a stupid question, but I am trying to determine how to do this correctly. I do not have a product to sell but I have a service that I want to provide customers. The service involves, a western union, kind of thing where I can transfer money from one person's account or from the CC to another person's account, (bank account or debit card), but I am finding that each CC has a transaction fee associated with it from something like 2.5% - 5% of the total transaction. For the service that I am providing, it could cost the user an extra say $50.00 per transaction plus my fees and I think that would turn the users off from using the service I want to provide them. Is there any way to get around this? I see a section here saying no transaction fees but how can that be? No transaction fees from this company but we still get transaction fees from the CC company? I'm a little confused about this. Can anyone shed some light on how my system would work with out over charging the customer because they are using a CC?



I hope I am making myself clear here.

[dex]

I'm just a fellow user, but I think that you're misunderstanding the meaning of "no transaction fees" as it applies to e-junkie. E-junkie charges a flat monthly fee and does not take a percentage of any individual sales (IOW, a transaction fee) for themselves as part of their pricing/fee structure.



What other companies charge in transaction fees is outside of e-junkie's control, and I doubt that they're going to be able to help you with that - or with whether your business is possible given the transaction fees that other companies charge.



Hope that helps,



Dex

[E-junkie_Guru]

Thanks Dex, and I think sjramsay is saying they want to act as a "middleman" to charge someone's card and then pass those funds along to a recipient, but that's pretty much how PayPal, Google Checkout, and most other payment processors work already, so that'd be kinda reinventing the wheel, or like putting on your glasses to look for your glasses. :^) At any rate, E-junkie is not a payment processor, so we have no built-in way of our own to charge anyone's card; E-junkie is just a shopping-cart service that integrates with third-party payment processors like PayPal etc. to handle buyer payments to sellers.