Tell HN: I just haggled away 90% of my transactions fees
Admittedly, we are a niche case, we have low volume high dollar amount incoming payments and high volume low dollar amount disbursements. Going back and forth we started out at $149 set up fee, $25 a month, 1% + .25c per transcation in coming and 55c outgoing. This is all ACH. In less than an hour going back and forth with a couple places My final deal is $25 a month, $1.30 flat incoming, 25c outgoing. That will save us ~1500+ a year assuming no growth. The last time I set one of these up, it didn't even cross my mind to haggle.
Why it failed
Admittedly, we are a niche case, we have low volume high dollar amount incoming payments and high volume low dollar amount disbursements. Going back and forth we started out at $149 set up fee, $25 a month, 1% + .25c per transcation in coming and 55c outgoing. This is all ACH. In
- Kind
- startup
- Status
- Shut down
- Inventor
- eof
- Ended
- 2010
- Source
- hackernews