How difficult is it to accept credit cards?
If you only have a few items to sell, you can set up a Merchant Account through PayPal and avoid the application fees and monthly charges associated with a Merchant Account through a bank. The downside of using PayPal is that they charge a higher "per transaction" fee than the bank does.
- If you don't already have a credit card merchant account with a bank, there will be an application fee of approximately $85.
- There will also be a $29.95 charge to obtain the necessary security certificate through GoDaddy.
- You will also be subject to whatever monthly fees and per-transaction fees your bank charges.