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Just like guru, freelancer, and elance we are setting up service auction site. The problem is we are trying to find a merchant account to accept credit cards that will go to a third party.
-client puts funds in the sites escrow
-contractor completes the job
-Client tells site to release funds
-Site takes out its fees and sends funds to contractor
-funds show up in contractors bank account
We need someone that is very familiar with merchant accounts and can find a good merchant account for us and give multiple options for the company.This is the rate I'm looking for or better, unless there is other options besides paypal that will accept credit cards a good rate
The rate that I'm looking for is below:
6 months rolling reserve: 5%
Transaction fee: $0.50
Payout once a week
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