Office In The Cloud vs Shopify's Processing Rates
Interchange Category
CPS/Retail 2 – Card Not Present
Debit 0.65% + $0.15 = .78 + .1655
Regulated Debit - 0.05% + $0.21*
Assessments - 0.13% of the volume plus $0.0155 per debit transactio
Office In The Cloud
0% - 0.08 - $50/Month
Non Regulated = .78% + .2455 - Effective Rate
Regulated = 0.18% + .0.29
Example - $10,0000 Monthly Processing Volume Online Transactions
Average ticket Example = $100
100 Transactions per Month
67%: Non Regulated
33%: Regulated
Non Regulated Cost = $3,300 x.78% = $25.74 + .2455 cents x 33 transactions = $8.10
Regulated = $12.06 + .29 cents x 67 transactions = $19.43
Total = $33.84- Non Regulated
Total = $31.49 - Regulated
Combined = $65.33
Monthly Fee = $50.00
Gross Monthly Cost = $115.33
* Dual Pricing and Surcharge options are available to offset processing costs.
Shopify - $79 Per Month Plan
2.7% + 30¢ USD online
2.5% + 10¢ USD in person
1% 3rd-party payment providers
$10,000 x 2.70% = $270.00
100 x .30 = $30.00
Gross Monthly Cost = $300.00
Net Savings Processingwith Zero Pay Per month - $2,216.04 Per Year
* A 1% surcharge is added for third-party processors on this Shopify plan, so there would be a $100 surcharge. Even with the additional payment gateway fees, it would be less expensive to process with Zero Pay and save an estimated $825 per year on this example.