I was negotiating with one of our banking partners a few months ago for a discount based on the increase in our transaction volume. I also asked for pricing tiers, so that I would know what the pricing would look like in the future as our we continue to grow. The bank responded with something on the lines of, “We don’t do that, but we can revisit the pricing later.”
How was I supposed to plan if I don’t know what the price will be in the future? Why did I even have to spend so much time negotiating? Why not just give me the pricing formula? I didn’t understand why it was so complicated. Then something (my co-founder, Jareau) hit me. We do the exact same thing.
We’ve had a standard pricing formula internally for some time now, but we hadn’t published it for everyone to see. There wasn’t any reason why. We followed the same formula for everyone.
Without further ado, here it is …
|Card Processing Volume Per Month||Transaction Rate|
|Below $100k||2.9% + 30¢|
|$100k -- $500k||2.7% + 30¢|
|$500k -- $1MM||2.4% + 30¢|
|$1MM -- $5MM||2.2% + 30¢|
|Over $5MM||1.9% + 30¢|
You can see our full pricing list on our pricing page.