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% |
| May | $170,883 | 626 | $3,953 | $3,953 | 2.84% |
Cell Smart POS Payments Offer
| Cell Smart POS PAYMENTS | Volume Fee | Transaction Fee |
|---|---|---|
| Card Present | 2.0% | $0.10 |
| Card Not Present | 3.60% | $0.60 |
Cell Smart POS Payments Comparison
| SUMMARY | VOLUME | TXN COUNT | INTERCHANGE FEES | PROCESSOR FEE | EFFECTIVE RATE |
|---|---|---|---|---|---|
| May | $2,750.00 | 626 | $18,987 | $70 | 4,022% |
| May | $2,750.00 | 626 | $18,987 | $70 | 4,022% |
| May | $2,757.00 | 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 | Cell Smart 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.