AngelPay Savings Calculator
The AngelPay Savings Calculator provides several useful ways to analyze your payment processing costs and to compare your existing merchant payment service provider to the nonprofit AngelPay Foundation. To begin…
The AngelPay Savings Calculator provides several useful ways to analyze your payment processing costs and to compare your existing merchant payment service provider to the nonprofit AngelPay Foundation. To begin…
…any of the other ecommerce payment processing companies operating in the industry today, our team was the first to deliver secure and scalable merchant payment processing when we invented and…
…and POS equipment manufacturers. After we learn what your business needs to accomplish, we can make recommendations about which equipment would best serve your company’s needs with the lowest possible…
…entrepreneurial experience has given our team a deep appreciation for the struggles that early stage companies must endure to make their dreams come true. We know every penny counts in…
Amore: Love; a Feeling of Great Affection. That’s the dictionary definition of “Amore”. It also captures our feelings for the nonprofit community, which is why we allow verified charitable (501c3…
Freedom from Commercial Merchant Service Bondage. Large organizations can be trapped by their existing merchant service providers who have locked them into systems and contracts that are difficult to upgrade,…
It’s impossible to predict how other companies will present their prices. Many companies do not disclose their hidden fees; sometimes they give discounts that are not disclosed on their websites;…
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“Return wealth and power to the creators of value.”
AngelPay | Authorize .Net | Elavon | Braintree | Amazon Payments | First Data | Heartland Payment Systems | Quickbooks Payments | Flagship Merchant Services | National Bankcard | PayPal | Square | WePay | Stripe | Trans First | Chase Paymen Tech | TSYS | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Markup % | 0% | 1.00% | 0.20% | 1.00% | 1.00% | 1.50% | 0.40% | 1.45% | 0.30% | 0.30% | 1.00% | 1.00% | 1.00% | 1.00% | 0.20% | 0.30% | 0.40% |
Added $ Markup Per Txn | $0 | $0.30 | $0.10 | $0.30 | $0.30 | $0.25 | $0.05 | $0.25 | $0.10 | $0.19 | $0.30 | $0.30 | $0.30 | $0.30 | $0.18 | $0.15 | $0.10 |
Mthly PCI Fee | $0 | $0.00 | $35.00 | $0.00 | $0.00 | $19.95 | $8.95 | $0.00 | $8.25 | $6.58 | $0.00 | $0.00 | $0.00 | $0.00 | $6.27 | $0.00 | $6.25 |
Mthly Stmt Fee | $0 | $0.00 | $19.99 | $0.00 | $0.00 | $9.95 | $15.00 | $0.00 | $7.95 | $9.95 | $20.00 | $20.00 | $20.00 | $20.00 | $5.00 | $9.95 | $10.00 |
Setup Fee | $0 | $49.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $99.00 | $25.00 |
Charge-Back Fee | $10 | $25.00 | $20.00 | $15.00 | $20.00 | $30.00 | $25.00 | $0.00 | $25.00 | $25.00 | $20.00 | $20.00 | $20.00 | $20.00 | $25.00 | $10.00 | $20.00 |
Mthly Gateway Fee | $0 | $25.00 | $10.00 | $0.00 | $0.00 | $18.00 | $7.95 | $0.00 | $7.95 | $9.95 | $30.00 | $30.00 | $30.00 | $30.00 | $5.00 | $9.95 | $10.00 |
Mthly Min Txn Volume | $0 | $0.00 | $35.00 | $0.00 | $0.00 | $0.00 | $4,167.00 | $0.00 | $25.00 | $25.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.00 | $25.00 | $25.00 |
Termination Fee | $0 | $0.00 | $0.00 | $0.00 | $0.00 | $495.00 | $295.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $250.00 |
Total $ Cost per Month | $200 | $1,329.08 | $364.99 | $1,300.00 | $1,300.00 | $1,839.15 | $506.48 | $1,700.00 | $424.15 | $516.48 | $1,350.00 | $1,350.00 | $1,350.00 | $1,350.00 | $396.27 | $478.15 | $549.17 |
Total % Cost per Month | 0.20% | 1.33% | 0.36% | 1.30% | 1.30% | 1.84% | 0.51% | 1.70% | 0.42% | 0.52% | 1.35% | 1.35% | 1.35% | 1.35% | 0.40% | 0.48% | 0.55% |
% Higher Cost than AngelPay | - | 564.54% | 82.50% | 550.00% | 550.00% | 819.58% | 153.24% | 750.00% | 112.08% | 158.24% | 575.00% | 575.00% | 575.00% | 575.00% | 98.13% | 139.08% | 174.58% |
Transparent Fees | Yes | Yes | No | Yes | Yes | No | No | Yes | No | No | Yes | Yes | Yes | Yes | No | No | No |
Req. Long-Term Contract | No | No | No | No | No | Yes | Yes | No | No | No | No | No | No | No | No | No | Yes |
Online Processing Since | 1996 | 1996 | ~2008 | 2007 | 2007 | ~2000 | ~2000 | ~2007 | 2001 | 2001 | 1998 | 2009 | 2008 | 2011 | ~2000 | ~2000 | ~2000 |
Note # | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 |
Notes:
1. This is when our team founded and launched Authorize.net.
2. This is when our team founded and launched Authorize.net.
3. PCI fee is a mthly “PCI Non-Compliance” fee.
4. Acquired by PayPal in 2013.
5. Amazon was founded in 1994, but their payments service was launched in 2007.
6. First Data usually only works through resellers unless you’re a large company.
7. Approximate start year.
8. Approximate start year.
9. $99/year PCI fee converted to mnthly rate.
10. $79/year PCI fee converted to mnthly rate.
11. Mthly fee adds recurring billing & fraud protection.
12. An integrator/reseller
13. An integrator/reseller
14. An integrator/reseller
15. $75.20/year PCI fee converted to mnthly rate.
16. Many acquisitions make it difficult to identify first online payment processing year.
17. 3-yr contract. TSYS has existed for many years, but online processing since ~2000.
For today’s lesson, memorize the following alien terms:
“tiered”, “qualified”, “mid-qual”, “non-qual”, “Visa Interchange vs. MasterCard Interchange”, “Interchange-Plus”, “PIN vs. EMV”, “Billback”, “ERR”, “chargebacks”, “Discount Rate”, “card-present vs. card-not-present”, “Signature Debit”, “Durbin Amendment”, “ISOs”, “MSPs”, “CPS Regulated”, “MOTO”, “swiped vs. keyed”, “credit vs. non-PIN debit”, “PCI fees”, “IAS”, “TAS”, “auth fees”, “batch fees”, “ACH fees”, “gateway fees”, “IRS fees”, “statement fees”, “AVS fees”, “setup fees”, “risk surcharge”, “cross-border settlement fees”, “token and encryption fees”, “early termination fees”, “access fees”, “ECA fees”, “Escheat Research Fees”, “balance inquiry fees”, “cart fees”, “tax handling fees”, “minimum monthly volume fees”, “compliance fees”, “(fill-in-the-blank fees)”
Levels | Achievements | Guidance | |||
---|---|---|---|---|---|
Min # Members | Min Mthly Volume | Avg Mthly Volume / Member | Reward Rate | ||
![]() | Novice | 0 | $0.00 | $7,000 | 20% |
![]() | Apprentice | 5 | $100,000 | $20,000 | 23% |
![]() | Executive | 10 | $500,000 | $50,000 | 26% |
![]() | Star | 20 | $1,000,000 | $50,000 | 29% |
![]() | Hero | 30 | $2,000,000 | $67,000 | 32% |
![]() | Epic | 45 | $5,000,000 | $111,000 | 35% |
![]() | Legendary | 60 | $10,000,000 | $167,000 | 38% |
![]() | Mighty | 80 | $25,000,000 | $313,000 | 41% |
![]() | Superhero | 90 | $50,000,000 | $556,000 | 44% |
100 | $100,000,000 | $1,000,000 | 47% |
[CP_CALCULATED_FIELDS id=”15″]