I was promised for transaction rate of 1.5% I'm also copying the email of the business proposal sent by Kenneth.
When I received the settlement I was charged 2.5% rather 1.5% percent
Also the International wire took five days to receive in my account
That is not So fair.
In general cases international wire takes only two days.
Refer their email below:
Good Afternoon Mr. Powel,
Your Merchant Master ID is 83930234for VISA and Master
Amex account is not approved yet and it will take another 14 days (If approved)
For Visa and Master Card the transaction Fee is 1.5%
Amex might incur addition fee in future if approved.
You will be happy to know that if you are approved with us, the first 10,000 transaction will not incur any transaction fee, so by definition what ever you process, that will be paid to you without any deduction.
After 10,000, you will be charged 1.5% per transaction for all cards (Via, Master And Amex) and 0.20 as Transaction Charge, there fore if you process 100, you will get 88.30 ( 10,00 is for reserve which is paid as it is on completing 90 days after transaction
The set up cost for MID is 490,00 (TAX inclusive)