[lug] Credit - was: [Letting folks pay from the web.]

[George Sexton]

> -----Original Message-----
> From: lug-bounces at lug.boulder.co.us [mailto:lug-
> bounces at lug.boulder.co.us] On Behalf Of Jeff Schroeder
> Sent: Wednesday, February 03, 2010 10:20 AM
> To: Boulder (Colorado) Linux Users Group -- General Mailing List
> Subject: Re: [lug] Credit - was: [Letting folks pay from the web.]
> 
> > If you do a little research on-line, you'll find that for many
> > businesses their merchant fees exceed their net profit. It's getting
> > a little ridiculous.
> 
> I concur.  I own a small web hosting business and it was fantastic to
> be
> able to charge customers' credit cards every month for their services.
> But a few years ago the merchant processing fees started to rise,
> eventually costing me about 50% of every transaction (we're talking
> $10/month services).  So I had to stop accepting credit cards and go to
> an annual payment by check, which many customers didn't like at all.
> 

For our two least expensive packages, we require prepayment for one year.
For our more expensive products, we offer payment quarter by quarter. This
keeps our minimum ticket in the $100 range.

George Sexton
MH Software, Inc.
http://www.mhsoftware.com/
Voice: 303 438 9585