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What is the cost structure of a Merchant Account?

The cost of a Merchant Account is composed of charges from two sources. First, is the charge from the credit card company and its agent bank for processing your application and then processing credit card transactions. Second, are the charges for the terminal, terminal software and for the use of the payment network. These costs may vary based on previous credit or business history. However, this is the usual cost structure: 1. Heartland Bank Merchant Account application fee - $95 2. Signio's PayFlowPro setup fee - $249 3. Heartland Bank credit card transaction fees - 2.5% plus 30¢ each transaction - monthly minimum of @22.50 4. Heartland Bank statement fee - $7.50 per month 5. Signio PayFlowPro monthly fee - $20.00 per month NOTE: transaction fees can vary with credit history