Untitled - Waterfront BIA

Untitled - Waterfront BIA Untitled - Waterfront BIA

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TABIA DISCOUNTS & SAVINGS PROGRAMS (SAVINGS FOR MEMBER BUSINESSES) PREFERRED RATES on Merchant Visa & MasterCard Through Global Payments Canada GP, TABIA offers BIA members preferred Merchant Visa and MasterCard rates: • Absolutely no application fee ($100 savings) • Visa rate – 1.79% • MasterCard rate – 1.85% • MasterCard Assessment Fee - 0.054% • Interac fee – 10¢ per transaction • Verifone 3750 Dial with Internal Pinpad $29 a month (chip card enabled) • Push funding to bank of your choice - no charge ($10 per month savings) • No minimum monthly processing fee ($240 annual savings) For more information or to apply, please contact: Candy Hoang Tel: (416) 847-4438 Fax: (416) 847-4330 Toll free phone: 1 (800) 361-8170 x 74438 Toll free fax: 1 (800) 608-8595 candy.hoang@globalpay.com Note: Offer is not available to manual merchants. The Beach BIA Business Cost Comparative Study - Bank Transactions This is a comparative study for just one month of the year, December 2003. This busy month will show the greatest benefit of being a member of the program, but one may also want to pro-rate this over a 12 month period to have a clear indication of the savings. Bank Fees Current Fee 2003 Fee 2004 Fee Monthly Terminal Rental $ 40.00 $25.95 $26.00 Monthly Processing Fee $ 6.00 $ 0.00 $0.00 Debit Card Fee per Transaction $ 0.18 $ 0.12 $0.10 VISA Percentage per Transaction 1.90% 1.80% 1.79% MC Percentage per Transaction 1.90% 1.80% 1.79% Hold on Funds 5 days 3-4 days Up to 3 days Actual December 2003 Transactions Sales/ Card Transaction Current Fee 2003 Fee 2004 Fee Debit Card 455 $81.90 $54.60 $45.50 MasterCard $6,378.35 $121.19 $114.81 $114.17 VISA $19,996.52 $379.93 $359.94 $357.94 Sub-Total $639.05 $578.79 $534.44 Monthly Rental & Processing Fees $46.00 $25.95 $26.00 Grand Total $629.05 $555.31 $508.44 Taking everything into consideration being a part of the BIA in December would have saved us roughly $70.00 in 2003 and $120 in 2004. Even if sales were half of what they were in December every month for the whole year... $35 x 12 = $420 in savings in 2003 $60 x 12 = $720 in savings in 2004 23

TABIA DISCOUNTS & SAVINGS PROGRAMS (SAVINGS FOR MEMBER BUSINESSES) AFFORDABLE GROUP INSURANCE for Small Business Owners PIB/RWAM Insurance offers BIA members a comprehensive Employee Benefit Package designed specifically for the Self-Employed and Employers with one to five employees - including Dental, Life Insurance, and Drug Plan. Whether your members are mom and pop or have staff, should they need single coverage or family plans this program will allow you to provide them with the options. Visit the membership section of the TABIA website (www.toronto-bia.com/membership) to download your copy of the brochure. Please Note: * Rates are subject to Provincial Sales Tax * $5.00 per month Standard Administration Fee per group, subject to GST * Rates effective Jan. 1, 2004 and are reviewed annually For additional information, please contact: RWAM Insurance Administrators Inc. 49 Industrial Drive, Elmira, Ontario N3B 3B1 Tel: 1-800-265-6197 or 1-888-742-7926… .and ask for Lynn Martin, ext 328 Fax: (519) 669-1923 www.rwam.com ECONOMIC DEVELOPMENT COMMUNITY SUPPORT PROJECT The City of Toronto Economic Development has secured one year of federal funding through Service Canada’s Job Creation Partnership (JCP) program. This initiative “Economic Development Community Support Project” supports business improvement area offices across the city and runs from September 25, 2006 until September 14, 2007. The project provides many opportunities for the partners, focusing on the following objectives; • Safety Audit Process – Audit teams, made up of JCP Participants will plan, administer and complete Safety Audits for individual BIA’s who have expressed interest. The purpose of such an audit is to isolate and target areas of concern that may hinder businesses, with the ultimate goal being increased economic activity in each business area. A completed audit can be used as a tool to evaluate safety features, assist in strategies and long term planning to address area safety issues. • BIA Office Support – Provide planning and administrative support to BIA’s in implementation of projects and operational needs. Additional human resources (JCP Participant) through the program provides BIA’s with the opportunity to increase productivity, develop resources, and assistance in program/event sustainability which positively impact the economic vitality of main street business areas. Areas of work participants focus on include fundraising, grant/proposal preparation, volunteer recruitment, event planning and organizational strategic planning to name but a few. In general, BIAs can realize benefits in enhanced organizational profile, credibility, branding, increased program effectiveness and operational efficiencies, improved member relations prompting better interaction and participation, community awareness, visibility, accessibility, growth and future planning to ensure sustainability. For more information please contact the TABIA office: (416) 263-3295 24

TA<strong>BIA</strong> DISCOUNTS & SAVINGS PROGRAMS<br />

(SAVINGS FOR MEMBER BUSINESSES)<br />

PREFERRED RATES<br />

on Merchant Visa & MasterCard<br />

Through Global Payments Canada GP, TA<strong>BIA</strong> offers <strong>BIA</strong> members<br />

preferred Merchant Visa and MasterCard rates:<br />

• Absolutely no application fee ($100 savings)<br />

• Visa rate – 1.79%<br />

• MasterCard rate – 1.85%<br />

• MasterCard Assessment Fee - 0.054%<br />

• Interac fee – 10¢ per transaction<br />

• Verifone 3750 Dial with Internal Pinpad $29 a month<br />

(chip card enabled)<br />

• Push funding to bank of your choice - no charge<br />

($10 per month savings)<br />

• No minimum monthly processing fee ($240 annual savings)<br />

For more information or to<br />

apply, please contact:<br />

Candy Hoang<br />

Tel: (416) 847-4438<br />

Fax: (416) 847-4330<br />

Toll free phone:<br />

1 (800) 361-8170 x 74438<br />

Toll free fax:<br />

1 (800) 608-8595<br />

candy.hoang@globalpay.com<br />

Note: Offer is not available to<br />

manual merchants.<br />

The Beach <strong>BIA</strong> Business Cost Comparative Study - Bank Transactions<br />

This is a comparative study for just one month of the year, December 2003. This busy month will<br />

show the greatest benefit of being a member of the program, but one may also want to pro-rate this<br />

over a 12 month period to have a clear indication of the savings.<br />

Bank Fees<br />

Current Fee 2003 Fee 2004 Fee<br />

Monthly Terminal Rental $ 40.00 $25.95 $26.00<br />

Monthly Processing Fee $ 6.00 $ 0.00 $0.00<br />

Debit Card Fee per Transaction $ 0.18 $ 0.12 $0.10<br />

VISA Percentage per Transaction 1.90% 1.80% 1.79%<br />

MC Percentage per Transaction 1.90% 1.80% 1.79%<br />

Hold on Funds 5 days 3-4 days Up to 3 days<br />

Actual December 2003 Transactions<br />

Sales/<br />

Card Transaction Current Fee 2003 Fee 2004 Fee<br />

Debit Card 455 $81.90 $54.60 $45.50<br />

MasterCard $6,378.35 $121.19 $114.81 $114.17<br />

VISA $19,996.52 $379.93 $359.94 $357.94<br />

Sub-Total $639.05 $578.79 $534.44<br />

Monthly Rental<br />

& Processing Fees $46.00 $25.95 $26.00<br />

Grand Total $629.05 $555.31 $508.44<br />

Taking everything into<br />

consideration being a part<br />

of the <strong>BIA</strong> in December<br />

would have saved us<br />

roughly $70.00 in 2003<br />

and $120 in 2004.<br />

Even if sales were half<br />

of what they were in<br />

December every month<br />

for the whole year...<br />

$35 x 12 = $420 in<br />

savings in 2003<br />

$60 x 12 = $720 in<br />

savings in 2004<br />

23

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