{"id":556,"date":"2009-01-07T06:00:10","date_gmt":"2009-01-07T11:00:10","guid":{"rendered":"http:\/\/www.merchantaccountblog.com\/?p=556"},"modified":"2009-01-07T12:12:43","modified_gmt":"2009-01-07T17:12:43","slug":"let-your-average-sale-determine-your-good-rate","status":"publish","type":"post","link":"https:\/\/www.merchantequip.com\/merchant-account-blog\/556\/let-your-average-sale-determine-your-good-rate","title":{"rendered":"Let Your Average Sale Determine &#8220;Your&#8221; Good Rate"},"content":{"rendered":"<p>Here&#8217;s a little comparison on how a business&#8217;s average sale size affects their processing cost.<\/p>\n<p>If a business processes $10,000 per month, here is how the business&#8217;s ticket size affects their overall cost.<\/p>\n<p><center><img decoding=\"async\" src=\"http:\/\/chart.apis.google.com\/chart?chtt=Cost+per+Average+Ticket:+$10,000+@+1.60%+and+$.20\/transaction&#038;chts=000000,12&#038;chs=450x300&#038;chf=bg,s,ffffff|c,s,ffffff&#038;chxt=x,y&#038;chxl=0:|5|AverageTicket|1000|1:|$150|$300|$600&#038;cht=lc&#038;chd=t:100.00,50.00,25.00,16.75,12.50,10.00,8.24,7.24,6.25,5.50,5.00,4.49,4.24,3.74,3.49,3.24,3.24,2.99,2.74,2.74,2.49,2.49,2.24,2.24,1.99,1.99,.99,.50,.25,.25,0.00&#038;chdl=Total+Cost&#038;chco=0000ff&#038;chls=1,1,0\" alt=\"Average Ticket to Cost\" \/><\/center><\/p>\n<p><center><img decoding=\"async\" src=\"http:\/\/chart.apis.google.com\/chart?chtt=Cost+per+Average+Ticket:+$10,000+@+3.50%+and+$.05\/transaction&#038;chts=000000,12&#038;chs=450x300&#038;chf=bg,s,ffffff|c,s,ffffff&#038;chxt=x,y&#038;chxl=0:|5|AverageTicket|1000|1:|$350|$400|$450&#038;cht=lc&#038;chd=t:100.00,50.00,25.00,16.75,12.50,10.00,8.24,7.24,6.25,5.50,5.00,4.49,4.24,3.74,3.49,3.24,3.24,2.99,2.74,2.74,2.49,2.49,2.24,2.24,1.99,1.99,.99,.50,.25,.25,0.00&#038;chdl=Total+Cost&#038;chco=0000ff&#038;chls=1,1,0\" alt=\"\" \/><\/center><\/p>\n<p>If you have a low average ticket, it is more important to have a low transaction fee than a low processing rate. Conversely, if your average sale amount is greater than about $80, the transaction fee becomes almost negligible.<\/p>\n<p>Knowing how your average ticket size affects your overall cost is extremely important when looking for a merchant account provider. Not knowing how this affects your fees, will undoubtedly cost your business extra. This is yet another reason why shopping for the lowest advertised cost is a good way to get a bad deal.<\/p>\n<p><strong>Related Posts:<\/strong><br \/>\n<a href=\"http:\/\/www.merchantequip.com\/merchant-account-blog\/archives\/277\">The processing fee is the least important one on your application!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s a little comparison on how a business&#8217;s average sale size affects their processing cost. If a business processes $10,000 per month, here is how the business&#8217;s ticket size affects their overall cost. If you have a low average ticket, it is more important to have a low transaction fee than a low processing rate. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-556","post","type-post","status-publish","format-standard","hentry","category-merchantaccounts"],"_links":{"self":[{"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/posts\/556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/comments?post=556"}],"version-history":[{"count":21,"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/posts\/556\/revisions"}],"predecessor-version":[{"id":577,"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/posts\/556\/revisions\/577"}],"wp:attachment":[{"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/media?parent=556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/categories?post=556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.merchantequip.com\/merchant-account-blog\/wp-json\/wp\/v2\/tags?post=556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}