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.
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% |
ACH Processing Fees are capped at $10.05 per transaction.
PCI Compliance Fee
Included with Shed Suite payments is the ability to manage your PCI compliance. You are still required to fill out Self Assessment Questionaires (SAQ) but the SAQ is mostly prefilled. There is a monthly fee of $12.50 for this service.