Address Verification Services are included free of charge at Dharma. For our Virtual accounts, this fee is included in our $0.11/transaction margin, since we feel that all merchants should be utilizing the Address Verification Services (AVS). AVS helps you protect against fraud by forcing your customers to input the address information associated [...]
Telecheck fees are very straight-forward, at 1.50% of check volume, and $0.20/check transaction. Telecheck does not have a monthly fee or monthly minimum processing requirement. To sign up with Telecheck, you’ll be required to utilize Clover POS. There are no hardware requirements as long as you use Clover Station, Mobile, or Mini – that [...]
Dharma’s statements are generated monthly, and are easy to read. You can also download past monthly statements through your free online portal! All statements will clearly show interchange fees along with Dharma margins. Easy to read, easy to understandDharma statements are easy to read, and will be mailed to you monthly, [...]
Where to begin?This seems like a basic question, but it’s often the most challenging part. One of the inherent problems when comparing costs in the merchant services industry is that providers use many different pricing models. Often times, it’s tough to compare different pricing models, since certain models intentionally exclude [...]
Dharma charges a $49.00 account closure fee on the date you request your account to be closed. Why? Dharma actually must maintain your account on-file for 6 months after you close your account just in case you should experience a customer dispute or chargeback from a past customer. Our cost [...]
An ACH Reject Fee is assessed when Dharma attempts to pull fees out of your bank account, but there aren’t enough funds in the account. Think of an ACH Reject Fee like an “overdraft” fee in your bank account. Dharma’s fees are always billed the month following processing. Fees are always withdrawn [...]
A retrieval occurs when your customer’s bank requests additional sales information from our processing bank. Typically, a retrieval will precede a chargeback, since a retrieval request often indicates that a customer is concerned about a specific charge on their account. Dharma’s retrieval fee is $5 per retrieval. Most merchants will [...]
Dharma does not have a batch fee. With other firms, batch fees are assessed on every day that transactions are sent in for processing, regardless of how many transactions are processed. Batch fees are paid if you process one transaction or one hundred. So, if your business is open every day, [...]
What are these strange and mysterious fees? Card Brand Fees (also known as Card Association Fees) are the fees that are actually paid back to Visa/Mastercard/Discover. These are also commonly referred to as NABU fees (Network Access and Brand Usage fees). Most merchants don’t realize that the vast majority of the fees [...]
FANF stands for Fixed Acquirer Network Fee. This fee is assessed directly by Visa, and is assessed based on how much volume your account processes per month. Dharma does not mark this fee up! In-person (Card-Present) accounts have lower FANF fees than Online (Card-Not-Present) accounts. The FANF will not apply to [...]