Is Fattmerchant Suitable for Your Payment Processing Needs?

Fattmerchant is a versatile payment processing solution that caters to a wide range of businesses. However, its suitability heavily depends on your specific requirements and transaction volume. In this article, we will explore the various aspects of Fattmerchant, including its features, costs, and potential drawbacks, to help you determine if it is the right choice for your business.

Features of Fattmerchant

Fattmerchant offers a comprehensive suite of payment processing tools designed for different business needs. Here are some of the key features:

Hardware Integration: Supports point-of-sale (POS) terminals, allowing you to process payments seamlessly on physical devices. Digital Shopping Cart Solutions: Connects with e-commerce platforms and digital shopping carts, providing a streamline checkout experience for online transactions. Virtual Terminal: A web-based interface for processing payments without a physical terminal, ideal for occasional or smaller transactions. Mobile Solutions: Offers mobile payment capabilities, enabling you to accept payments anywhere, anytime. API Integration: Provides a flexible API for custom integration, allowing you to build tailored payment solutions that fit your unique business needs.

Cost Structure of Fattmerchant

The pricing of Fattmerchant is tiered based on your transaction volume. Here are the details:

Under $500,000 in Annual Transactions: The base monthly subscription is $99, plus a per transaction fee of 0.12% plus interchange fees. The interchange fees are not explicitly stated, so you will need to contact Fattmerchant for more detailed information. Over $500,000 in Annual Transactions: The pricing is higher, reflecting the increased volume and complexity of the transactions.

For smaller businesses with lower transaction volumes, the monthly subscription of $99 might seem like a fair price. However, if you process a significant amount of transactions, you will need to consider the per transaction fees and interchange fees.

Hidden Costs and Maintenance

While Fattmerchant offers versatile payment processing capabilities, there are several hidden costs and maintenance considerations:

Custom Integrations: Fattmerchant is not well-supported across the web, requiring custom integrations to connect with various systems. Maintenance and Support: Maintaining custom integrations can be time-consuming and costly. Hiring a developer for basic maintenance can start at around $35 per hour, leading to additional monthly expenses. PCI DSS Compliance: You will need to manage Payment Card Industry Data Security Standard (PCI DSS) compliance on your own, which can be a significant additional cost and time commitment.

For instance, if you hire a developer at a standard rate of $35 per hour and need to dedicate five hours every month for maintenance, that would be an additional $180 per month. This needs to be added to the base monthly subscription of $99.

When Fattmerchant Might Be a Good Choice

Based on the above factors, Fattmerchant could be a good choice if:

Your business processes over $10,000 in monthly transactions. You have the resources and expertise to handle custom integrations and ongoing maintenance. You are looking for a flexible solution that can adapt to your evolving business needs through API integration.

It is important to note that these requirements are based on the assumption that your transaction volume justifies the additional costs associated with Fattmerchant. For smaller transactions, other payment processing solutions like Stripe might be more cost-effective.

Conclusion

The decision to use Fattmerchant as your payment processing solution depends on your transaction volume and your willingness to handle additional hidden costs and maintenance. While it offers a versatile and adaptable platform, it may not be suitable for smaller merchants or those with lower transaction volumes.