Fabric Essentials Payment Processing Proposal

October 01, 2024

Current Cost Analysis

SUMMARY VOLUME TXN COUNT INTERCHANGE FEES PROCESSOR FEE EFFECTIVE RATE
April $11,000 145 $3,866 $850 2.84%
May $150,883 500 $5,883 $670 2.84%
June $170,883 500 $3,953 $869 2.84%

Cigars POS Payments Offer

Cigars POS PAYMENTS Volume Fee Transaction Fee
Card Present 11,997% $0.15
Card Not Present 2.60% $0.20

Cigars POS Payments Comparison

SUMMARY VOLUME TXN COUNT INTERCHANGE FEES PROCESSOR FEE EFFECTIVE RATE
June $3,750.00 500 $18,546 $60 4,022%
October $2,50.00 626 $18,987 $70 4,022%
February $2,750.00 300 $18,987 $50 4,022%

Speciality Fees

SUMMARY VOLUME TXN COUNT FEES PRICE PER TRANSACTION
EBT 2,750.00 $626 $18,987 $70
INTERAC 2,750.00 $626 $18,987 $70

Summary

Current Cigars POS
Processing Fees $14,651 $14,651
Total Fees $14,651 $14,651
Estimated Annual Savings $1,512*

Note: Savings are based on provided statements and may vary with changes in interchange and card mix.

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