At Shed Suite, we're thrilled to unveil our latest advancement: our transition to operating as our own payments facilitator. This move marks a significant milestone by providing a seamless infrastructure between the Shed Suite App and the way you take payments!
Benefits
Integrated Payment System: Link payments within Shed Suite to transactions on the Shed Suite Payments Platform, ensuring a unified and efficient process.
Accelerated Onboarding: Expedite the onboarding process with a streamlined setup, enabling you to swiftly integrate and get to work faster!
Built-in ACH and Credit Card Virtual Terminal: Access a webpage terminal allowing ACH and credit card payments directly within Shed Suite Payments.
User Management and Access Control: Exercise complete control over user management and access privileges, customizing permissions to suit each individuals needs.
Email Notifications: Stay informed and updated with real-time email notifications, ensuring you're always in the loop regarding payment activities.
Pricing Options
For the convenience and flexibility of our clients, Shed Suite now offers two distinct pricing models:
Interchange Plus 0.75%: This pricing model entails an interchange fee (set by the card issuer) plus 0.75% of the transaction, providing transparency and potential cost-efficiency for businesses with varying transaction volumes or sizes. Our interchange plus customers generally pay less in fees, But this price structure can be a little bit more complicated to understand.
Flat Rate 3%: For simplicity and predictability, we offer a with a flat rate of 3%, ideal for businesses seeking a straightforward and consistent cost structure for their credit card transactions.
In the future, there will be a PCI compliance monthly fee, estimated at $20.00 a month.
ACH Processing Fees
Here's a breakdown of the fees associated with ACH processing across different transaction amounts: Please note that this is a tiered price structure and gets cheaper as the transaction amount increases.
| Transaction Amount | Total Fees | Fee as Percentage |
|---|---|---|
| $100.00 | $0.31 | 0.31% |
| $1,000.00 | $2.65 | 0.27% |
| $2,000.00 | $5.25 | 0.26% |
| $5,000.00 | $9.05 | 0.18% |
| $10,000.00 | $10.05 | 0.10% |
| $15,000.00 | $10.05 | 0.07% |