Our credit card processing and merchant facilitates charge approximately 3.75% of the transaction value. Basically, anything purchased online incurs this fee from the banks and merchants.
We wish we could absorb this for you but if we did, we would actually be losing money for every ticket purchase that goes through (which wouldn't be good for anybody).
We're actually on the cheaper end. Given that we have high volumes of transactions, we have been able to negotiate a better rate on behalf of our clients. For comparison, check out some of our key competitors (which provide HALF the benefits).
Here's a tip
Did you know that you can bypass the banks' processing fees?
You can do so by using our Log Cash Payments feature, which allows you to accept payments in cash, electronic funds transfer (EFT), or cheque. Perfect for in-store and on-site payments.
By logging people in, you actually bypass the online transaction component. Added benefit is that the people logged in still get their confirmation emails, their reminder emails, you'll get the notification emails, and all the numbers stay up-to-date (plus you get the added benefit of marketing from WeTeachMe) without the fees.