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Steps for Setting-up On Line Registration
- Contact local bank to set-up merchant account.
- Once your account is established or if your department already
has a merchant account you’ll need to provide NRG Networks (the company that
programmed & designed the MyRecDept.com site) with the Bank’s phone number,
contact person, and merchant account number. Note; in some situations your
dept may need to set-up a new merchant account in which case the old account
would be closed.
- NRG Networks will set-up a Right Connect account for Internet transactions
- All fees are paid directly to the appropriate companies/banks. No payments are
sent to MyRecDept.com.
Actual & Approximate Costs
MyRecDept.com
$500.00 annually fee paid to MyRecDept.com for use of the online registration system.
Merchant Account & Internet Gateway (these fees are paid to the appropriate companies)
- Terminal cost (swipe machine) can vary. To buy a swipe machine is approximately $1,000 or the machine can be rented for a monthly fee. Note; the terminal cost can be avoided if all transaction are done through the website.
- $150.00 estimated one time fee to establish a Merchant account with a bank or local lending facility
- $300.00 one time fee to set-up the Right Connection account to establish an Online payment gateway/transaction center.
- $25.00 monthly Right Connection fee
- $25.00 approximate merchant account fee
- .25 cents per transaction fee (this IS NOT per program)
- Percent to bank fees vary
- VISA/Master Card, approx 1.75% per transaction (this IS NOT per program)
- Amex, approx 3% per transaction (this IS NOT per program)
- Discover, approx 1.6% per transaction (this IS NOT per program)
Sample Bottom Line for Visa/MasterCard merchant account
You will need both a Merchant Account (the ability to accept credit
cards) and an Online Payment Gateway service.
Sample charges are listed below
Merchant Account (provided by recreation dept through local bank);
- Estimated one time fee of $150.00 set up to establish a Merchant account with a bank or lending facility
- Monthly Fee of approx. $25.00 per month and 1.75-2.25 per transaction.
On Line Payment Gateway Service (provided by NRG Networks);
- A one time setup fee of $300.00 for Right Connection to establish an online payment gateway/transaction center.
- A $25.00 per month fee and a 25 cent per transaction fee are your reoccurring charges
Both of the services listed above are required to accept credit cards over the
Internet. Your combined Monthly fees will be approximately $50.00 per month and
1.75% plus .25 cents per transaction.
©2001 myrecdept.com, Inc. All rights
reserved. Patents Pending.
"Simply the best Recreation & Parks Department software with
online registration and website building tools."
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