COST OF BECOMING A CREDIT CARD MERCHANT
IN THE U.S. FOR FOREIGN COMPANIES

1	Setting up US Incorporated Company The amazing thing we find about this process is that foreign companies will almost certainly be able to set up your US company with minimal hassle and great efficiency. Your company will be registered and ready for operations within 1 working week. And it doesn't cost that much	US$ 500
2.	Fees payable to the Merchant Broker Many do not charge any special registration fees. Shop around. The whole application process may take up to 2 months to complete. So prepare early.	US$0- US$100
3.	Credit Card Transaction Software You will almost certainly require this software to perform your Internet transactions. This software enables you to charge your customers accounts with your fees through the credit card. The broker will make his money via this method.	US$800- US$1,000
4.	Transaction Charges / Rates Many Banks offer US$1-00 per transaction irrespective of transaction amount for foreign entities. This might actually work out to be cheaper than local credit card issuers for large ticket transactions. Many brokers however do charge exorbitant rates non-fixed charges. So be careful.	US$1 Fixed or up to 5%
5.	Monthly Statement Charges This is the Banks' charge for getting the statement to you.	US$10- US$25
6.	Minimum Charges Most brokers or banks will incur a minimum transaction charge on you should your transaction amout falls below that charge.	US$10- US$25
7.	Charge Back Rates Usually, brokers failed to mention this rate to you. The charge back rate determines how much you will be have to pay the bank/broker should your transaction be cancelled after payment to you. This will be important for items that often requires refunds etc.	US$15- US$35

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The above rates and information provides accurate information to our knowledge at this point of time. If you are interested in how Cyber Village Online is able to offer you our services, please do not hesitate to contact us!

CYBER VILLAGE PTE LTD - CV ONLINE SDN BHD the internet marketing consultants
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