More on Free Authorize.net

Back in August of this year I wrote a post about freeauthnet.com offer of Authorize.net for “free;” you can see that post here. I tried to show that a free authorize.net account ended up costing an extra $232.40 more than if you just paid the $15 set up fee for authorize.net through my company, Cocard Synergy. Those numbers are still true today but I have changed my mind on what we are offering. I have decided to pay the $15 set up fee for all our new clients from this point forward and still offer the same pricing on the monthly fees. So here are the two offers side by side:

Authorize.net Fees

Fees	Freeauthnet.com	Cocard Synergy
Setup Fee	$0	$0
Monthly Gateway Fee	$15.95	$12.50
Transaction Fee	$0	First 250 free, then $.05

Not too sexy is it? If you go with Cocard Synergy you would save a whopping $41.40 per year. It’s a good thing that is not where the savings stops! When we compare the merchant accounts offered by both companies the savings jump up.

Merchant Account Fees

Fees	Freeauthnet.com	Cocard Synergy
Base Discount Rate	2.14%	Cost Plus .30 %
Transaction Fee	$.24	$.20
Statement Fee	$8.95	$7.50

As you can see from the chart above the Base Discount Rates differ greatly. Freeauthnet.com uses tiers for their price model, Cocard Synergy uses “straight pass through.” If you do not know the difference between these two price models check out this short video that explains it all – What is Straight Pass Through.

Because I do not know what freeauthnet.com charges for their "mid-qualified" and "non-qualified" tiers I cant figure out the price difference. What I can tell you is it is extremely rare a tiered rate program is cheaper than a straight pass through program. On top of that Cocard Synergy does not have any of the following:

Minimum monthly fee
Annual fee
Early termination fee

Again, I am not sure if freeauthnet.com has any of these fees or not. However, typically when a company chooses to give their customers tiered pricing they have all three of those fees.

Bottom Line: I believe Cocard Synergy has the best free authorize.net program available in the market place today. If I am wrong please leave a comment and let me know; I always invite opposing opinions on this blog.

If you would like to take advantage of this offer just go hear:

Cocard Synergy Free Authorize.net Offer.

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