[Steering Committee] Fwd: Merchant Services

[ryan hoegg]

Hello,

This is the pricing information I got from Bank of Oklahoma.  It turns out
there is a percentage charged per "interchange", which is different for many
different cards.  Apparently, on their end, there are about 200 different
rates they have to use depending on the payer's card.

Bottom line, this proposal is 0.02% over interchange, which is better than
paypal and the merchant bank who called me yesterday.  He tells me Google
Checkout will not be able to do 2% flat because they will lose money.  I
figure we can try this transaction through Google Checkout and see what
happens.

Another part of this proposal is $40 sign up and $20 per month for the web
option, which comes out to $280 per year overhead.  Not sure how that
compares with Google Checkout.

Do we have Google Checkout set up yet so I can call Tyson about it tomorrow?

---------- Forwarded message ----------
From: Brown, Tim <TBrown at transfund.com>
Date: Thu, Feb 5, 2009 at 3:23 PM
Subject: Merchant Services
To: "ryan.hoegg at gmail.com" <ryan.hoegg at gmail.com>


 Ryan,



Here is the proposal.  I have attached the pricing and other documents
needed to get the account established.



Please review these documents and let me know if you have any questions.



Thanks,



Tim Brown
Assistant Vice President

TransFund Merchant Services
Direct: 918-588-6056
Help Desk: 800-588-6816 Opt.2
Fax: 918-588-6203
TBrown at TransFund.com



**********************************************************************
The company reserves the right to amend statements made herein in the
event of a mistake. Unless expressly stated herein to the contrary,
only agreements in writing signed by an authorized officer of the
Company may be enforced against it.
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