online.debit.html

Estimated Monthly Fees

Estimate of monthly processing fees serves as a point of reference only. Each business will have different processing costs depending on volume of sales, amount of transactions, type of account, and other variables. This scenario is useful to understand the process but will be different with your business. Discount rates range 1.89% - 2.79% and transaction fees are 27¢ - 37¢. To obtain a clear understanding, call us, we will construct an accurate projection for your specific circumstances. With a few questions about your business, we will estimate a month of sales and illustrate your cost. Almost every business reports far greater sales than processing costs and all fees are tax deductible.

Lets make up a month of sales so you can see how the fees apply.
Estimated Fees based on $3000.00 sales with a $25.00 averge sale (120 transactions)

Volume: $3000
<56.70> deduct Discount Rate. based on 1.89%*
<44.40> deduct transaction fee of .37 cents per
< 4.44> deduct Batch Fee or .37 cents per X 12. Estimating merchant Batches (closes terminal) 12 days during the month
< 9.95> deduct Statement Fee
<19.99> deduct Gateway fee
$2864.52 Balance

Real Cost: $135.48* to earn $3000.00 is sales

Many merchants ask: What if I have a zero month?
What if I take off in January and dont take one credit card, then what do I owe?

There are at least two answers:

If you are on a Placement Program (we own the equipment) the you pay the Monthly Minimum or Gateway fee and the Statement Fee.

If you own the equipment and it is NOT wireless then all you will owe is a statement fee.