Cigar Payment Processing Proposal
October 01, 2024
Current Cost Analysis
| SUMMARY | VOLUME | TXN COUNT | INTERCHANGE FEES | PROCESSOR FEE | EFFECTIVE RATE |
|---|---|---|---|---|---|
| February | $170,883 | 626 | $3,953 | $869 | 2% |
Market POS Payments Offer
| Market POS PAYMENTS | Volume Fee | Transaction Fee |
|---|---|---|
| Card Present | 1.95% | $0.10 |
| Card Not Present | 1.60% | $0.30 |
Market POS Payments Comparison
| SUMMARY | VOLUME | TXN COUNT | INTERCHANGE FEES | PROCESSOR FEE | EFFECTIVE RATE |
|---|---|---|---|---|---|
| January | $2,750.00 | 626 | $18,987 | $70 | 4% |
| February | $2,750.00 | 626 | $18,987 | $70 | 5% |
Specialty Fees
| SUMMARY | VOLUME | TXN COUNT | FEES | PRICE PER TRANSACTION |
|---|---|---|---|---|
| INTERAC | 100 | $626 | $18,987 | $70 |
Summary
| Current | Market POS | |
|---|---|---|
| Processing Fees | $14,651 | $14,651 |
| Total Fees | $14,651 | $50,000 |
Note: Savings are based on provided statements and may vary with changes in interchange and card mix.