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% |
Specialty 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.