How Much Does Authorize.Net Cost?
Authorize.Net is a widely recognized payment gateway that allows businesses to process credit card and electronic check transactions securely. With its user-friendly interface and robust features, it has become a popular choice for online merchants. However, many businesses often wonder about the cost associated with using Authorize.Net. In this article, we will delve into the pricing structure of Authorize.Net and help you understand the various factors that can affect its cost.
Authorize.Net offers different pricing plans, and the cost can vary depending on the plan you choose. The most common pricing models are the Authorize.Net Core Plan and the Authorize.Net Enterprise Plan. Let’s take a closer look at each of these plans and their associated costs.
1. Authorize.Net Core Plan:
The Authorize.Net Core Plan is designed for small to medium-sized businesses. It includes the following pricing components:
– Monthly fee: There is no monthly fee for this plan.
– Transaction fee: The transaction fee for this plan is 2.9% + $0.30 per transaction.
2. Authorize.Net Enterprise Plan:
The Authorize.Net Enterprise Plan is suitable for larger businesses with high transaction volumes. This plan includes the following pricing components:
– Monthly fee: The monthly fee for this plan is $49.99.
– Transaction fee: The transaction fee for this plan is 2.9% + $0.30 per transaction.
Additionally, there are some other costs to consider when using Authorize.Net:
– Gateway fee: Authorize.Net charges a gateway fee of $25 per month for the Core Plan and $25 per month for the Enterprise Plan.
– PCI compliance fee: To ensure that your business adheres to the Payment Card Industry Data Security Standard (PCI DSS), Authorize.Net charges a PCI compliance fee of $99 per year.
– Recurring billing fee: If you plan to use recurring billing, there is an additional fee of $5 per month for the Core Plan and $5 per month for the Enterprise Plan.
In summary, the cost of using Authorize.Net can vary depending on the plan you choose and the specific features you require. The Core Plan is more cost-effective for small to medium-sized businesses, while the Enterprise Plan is better suited for larger businesses with higher transaction volumes. Keep in mind that there are additional fees for gateway, PCI compliance, and recurring billing, which should be considered when budgeting for your payment processing needs.
When deciding on the best plan for your business, it’s essential to evaluate your transaction volume, processing needs, and budget. Authorize.Net offers a variety of resources, including a pricing calculator, to help you estimate the cost of their services. By doing so, you can make an informed decision that aligns with your business goals and financial constraints.
