i have internet based business in iran and i want to process card in my site and sell my product online by international card.

These people are trying to sell me a credit card account for my new business (EPS Merchants). They said the brand new (however, it’s been sitting in the box for over 2 years) Nurit 8320 terminal that i own is “outdated”–something about needing the latest pci coding…–and they want me to get a “newer” machine from them (same Nurit 8320 model) for $34.99 a month–for 48 months. Wow. On top of this, they want me to SEND them my old one (which I OWN)…?

Supposedly their rates are $10/mo. flat rate, no contract. Plus 1.79% retail credit cards and $0.25 flat fee for all debit cards with pin entered by customer. If pin not used (run debit card as a credit card) then it is 1.49%.

Anyone know if i’m being taken for a ride here?? Thanks in advance…my store’s not even open yet…
@ James: “Data Entry From Home”?? Erm…this is a brick and mortar store, selling water conditioning supplies. Hence the need for a credit card machine. Thanks anyway there…

I was thinking about Bank of America

http://www.bankofamerica.com/small_business/merchant_card_processing/index.cfm?template=internet_e_commerce

What do u think. Is 2.12% a good price?
Any other idea?
I need this to sell software online.

A(n) _______ bank is a bank that does business with sellers that want to accept payment cards
online
merchant
virtual
broker

i think the answer is merchant but they are the ones that do this..
am i right??

Or can you only purchase items? To be able to recieve money thru pay pal do you have to pay a monthy fee to pay pal? i believe the term is merchant account? All this crap is confusing! any help would be great!