Fabric Essentials Payment Processing Proposal
October 01, 2024
Current Cost Analysis
| SUMMARY | VOLUME | TXN COUNT | INTERCHANGE FEES | PROCESSOR FEE | EFFECTIVE RATE |
|---|---|---|---|---|---|
| March | $11,992 | 148 | $3,953 | $869 | 2.84% |
| April | $170,883 | 626 | $3,953 | $869 | 2.84% |
| August | $170,883 | 626 | $3,953 | $869 | 2.84% |
IT Retail Payments Offer
| IT Retail PAYMENTS | Volume Fee | Transaction Fee |
|---|---|---|
| Card Present | 1.95% | $0.10 |
| Card Not Present | 2.60% | $0.30 |
IT Retail Payments Comparison
| SUMMARY | VOLUME | TXN COUNT | INTERCHANGE FEES | PROCESSOR FEE | EFFECTIVE RATE |
|---|---|---|---|---|---|
| September | $2,750.00 | 626 | $18,987 | $70 | 4,022% |
| April | $2,750.00 | 626 | $18,987 | $70 | 4,022% |
| March | $2,750.00 | 626 | $18,987 | $70 | 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 | IT Retail | |
|---|---|---|
| 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.