Quote:
Originally posted by Rand
The set up fee for an Epassporte account is paid to Epassporte, not Epoch and, again, is designed to meet card association rules. Epassporte is business too. They charge for their services. Understandable since they make money from fees, mostly transaction fees and account origination fees, as they are not a credit card which makes money from interest.
I hope this helps clear things up.
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Rand, I don't really want to belabor points that may be moot for me, but for the record and the benefit of others here:
If Epoch is shunting off my failed signups to the "separate company" Epassporte, and Epassporte is taking a fee from someone (presumably from the receiver, if this is the same as PayPal's model) then where does Epoch even come into the picture to take its 15% of the gross for that non-Epoch signup? PayPal, for example, only charges a 3% transaction fee for receiving payments.
What happens if I set up a business account with Epassporte, and offer it directly on my tour's join page as an alternative to paying Epoch by CC or check? I get exactly the same result (a signup and payment via Epassporte), but I'm no longer paying Epoch an additional 15% off the top. Sounds like a better deal than letting Epoch shunt the sales off to Epassporte while still taking a cut that isn't theirs.
What is the processing fee for receiving payments via Epassporte directly? I guess if it's still 15% then its the same either way (though it's hardly competitive with PayPal's 3%), and these comments are irrelevant, but I am curious.