The majority of Merchant Providers have a monthly minimum. This is a fee that is imposed if your credit card charges (Discount Rate) doesn't add up to their monthly minimum. For example, your monthly minimum is $25 a month. If you only sold $100 worth or products for that particular month, then it would cost you say 2.39% for charging the card, 30 cent transaction which equals to $2.69. Now, that is $25 - $2.6 = $22.31, so you would be charged $22.31 for that particular month.
The least amount of total monthly charges that a specific long distance plan requires. Example: If a specific long distance plan has a monthly minimum of $20 but only $15 worth of calls are made that month, that customer will still be charged $20. Any total under the monthly minimum is rounded up to meet that monthly minimum. Some long distance plans have monthly minimums while others do not.
This is the amount of fees you must meet each and every month, usually $25. If month sales do not make the monthly minimum the merchant account holder must make up the difference.
The minimum amount that will be charged to a merchant by a merchant services provider in any given month. If the merchant account activity does not generate the monthly minimum, the account holder is automatically charged the difference.
The monthly processing minimum is the minimum monthly fee you must pay to the credit card company. A competitive monthly minimum is approx $30. Example: If you sell $1000 in goods over one month, your total Discount Rate (see explanation above) would be $23.90. This amount does not meet the $30 minimum so the credit card company will round your charge up to $30. If the discount rate and transaction fees exceed $30, then you have met the Monthly Processing Minimum and the fee does not apply.
Charge levied by the merchant bank instead of the monthly credit card volume multiplied by the discount rate if the merchant's monthly credit card volume multiplied by the discount rate is less than the monthly minimum.
Some call plans charge a monthly minimum, or a fee for a minimum of dollar usage of your long-distance.
This a monthly minimum a merchant will pay in discounts fees. Example #1 if your discount rate is 1.79% with a monthly minimum of $15.00 and you processed $1,000 for the month, then your total from discount fees would be $17.90 (0.0179% X $1000=$17.90) you will have reached your monthly minimum. Example #2 if your discount rate is 2.00% with a monthly minimum of $15.00 and you processed $500 for the month, then your total from discount fees would be $10.00 (0.02% X $500=$10.00) you did not reach your monthly minimum so the processing will charge the $5 difference in order to reach the monthly minimum of $15.00.
This represents the least amount that will be levied against you for discount rate fees in any month, even when you have no sales processed. You will be charged this fee only when the sum of all the discount fees you have paid for the particular month do not reach your minimum monthly specification.
the amount charged to the merchant account if credit card processing fees (discount rate and transaction fees) do not reach an amount previously agreed upon by the merchant and the credit card processor
the minimum amount in fees and percentages charged by a merchant services provider in a given month. If account activity does not generate the monthly minimum, the account holder must make up the difference.
For certain rate plans, long distance companies require a certain dollar amount of usage per month. If the monthly minimum is not met, a charge is often incurred.
The minimum amount of discount fees charged by a Merchant Service Provider in a given month. If account activity does not generate the monthly minimum, the merchant pays the difference.
A minimum monthly charge that a merchant must pay in fees. For example if the monthly minimum is $25.00 and the total fees for the merchants sales in a particular month only total $20.00. The merchant will still have to pay the minimum fee of $25.00.
A monthly minimum may be charged for merchants. For example, if a $25 minimum fee is charged, and you do not incur $25 worth of processing fees (discount rate plus per authorization fees) in a month, you will be charged the difference. Generally, if you process $1,000 a month, you will not be charged this fee as you will have met your monthly minimum.
The minimum monthly charge a merchant must pay in Discount Rate fees. If the merchant's sales for the month result in his paying Discount Rate fees greater than or equal to the agreed minimum monthly amount, no further fee is involved. However, if the merchant's sales for the month result in his paying Discount Rate fees less than the agreed minimum monthly amount, the merchant must pay the deficiency.
A minimum of dollar usage of your long distance per month with certain call plans.
