The E-Commerce Newsletter For Booksellers          June 15, 2020

REMINDER - CREDIT CARD FEES REINSTATED

On April 17, 2020 we had announced that due to the pandemic ABA was waiving most of IndieCommerce support fees for the 8 weeks of sales generated from April 13 - June 7.

If your store uses IndieLite or is an IndieCommerce store that uses ABA’s Authorize.Net account to process your e-commerce credit card transactions (in other words, you do not have your own credit card processor or relationship with Authorize.Net for e-commerce transactions), you were not charged the normal 4.5% royalty fee for your e-commerce sales during that 8 week period. 

Starting this week the 4.5% royalty fee will be reinstated for orders completed since June/7. As always, the royalty fee is
chanrged in addition to the credit card transaction fees. The reconciliation report from June/15 (for orders completed between June/7 and June/15) will indicate a commission of 0.5%, but the actual fee charged would be 4.5%. This 4.5% fee applies to all IndieLite websites and ONLY those IndieCommerce stores that use the ABA for online credit card processing.

A new fee structure for IndieCommerce and IndieLite websites will be announced later this week.

Thanks for reading. Feel free to email us with any thoughts, questions, or suggestions.
The IndieCommerce team

For past editions of IndieCommunication, visit this page.

Phillip Davies, IndieCommerce Director
American Booksellers Association | 333 Westchester Avenue | White Plains, NY 10604
Phil@bookweb.org |
914-406-7527 | www.BookWeb.org
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333 Westchester Ave
Suite S202
White Plains, NY 10604
United States


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