Heaven to Earth
5/3 Merchant Services proposal for Heaven to Earth Worship
5/3 Merchant Services proposal for Heaven to Earth Worship
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MERCHANT<br />
SERVICES
Proposal: <strong>Heaven</strong> <strong>to</strong> <strong>Earth</strong> Worship<br />
Steve:<br />
Thanks for taking a few minutes on Friday <strong>to</strong> hear about 5/3rd Bank<br />
Merchant Services powered by Worldpay.<br />
I’m impressed with how much growth potential your church has in the<br />
works. It must be very exciting <strong>to</strong> be a part of seeing your church’s<br />
vision come <strong>to</strong> life.<br />
As we discussed, there are some essential differences between<br />
Square and 5/3 Bank Merchant Services. First and foremost, the<br />
more you process the lower your costs will be with 5/3 Bank.<br />
I’ve listed the costs/fees you can expect with both companies on the<br />
following pages, but the important point is that with the way you are<br />
accepting payment through Square right now, their high fixed rate<br />
pricing will cost you much more as you grow.<br />
Additionally, 5/3 Bank Merchant Services has the solutions you’ll<br />
need as you add additional revenue streams such as your planned<br />
adult day care facility, child care, plus media book sales etc.
MERCHANT SERVICES<br />
THE BASICS<br />
is Involved?<br />
Who<br />
Your Cus<strong>to</strong>mer's Card Issuing Bank<br />
Card Companies (Visa, Mastercard)<br />
Transaction Processor<br />
Other Parties (Payment Gateway)<br />
are Merchants Charged?<br />
How<br />
Type of Card Used by Cus<strong>to</strong>mer<br />
How the Card is Accepted (Swiped, Hand Keyed, etc.)<br />
Transaction Type (In-person, Online etc)<br />
How is 5/3 Bank Different From Square?<br />
Square small business merchants are sub-accounts of<br />
Square and are therefore subject <strong>to</strong> potential funding holds<br />
and/or account terminations<br />
5/3 Bank provides you more control with your own<br />
Merchant Account<br />
More hardware and software options <strong>to</strong> meet the needs of<br />
any size business from micro-merchants <strong>to</strong> big box<br />
retailers.
O R E S A V I N G S A S Y O U R C H U R C H<br />
M<br />
R O W S G<br />
Care Day<br />
Care<br />
Child<br />
O C A L C O N T A C T P E R S O N A T T H E<br />
L<br />
A N K B<br />
have a question, there is a live<br />
you<br />
<strong>to</strong> contact - your bank! Square only<br />
person<br />
OmniShield covers you in case of hacking<br />
Our<br />
transaction support<br />
EMV<br />
encryption<br />
Point-<strong>to</strong>-point<br />
assistance<br />
Breach<br />
E P R O V I D E M O R E O P T I O N S W I T H O U R<br />
W<br />
O L U T I O N P A R T N E R S<br />
S<br />
text messaging with ClickSend.com<br />
via<br />
online with BigCommerce.com<br />
Sell<br />
why fifth third bank?<br />
01<br />
Adult<br />
Media Sales<br />
02<br />
When<br />
offers support via social media and email<br />
F R A U D A N D S E C U R I T Y S O L U T I O N S<br />
03<br />
PCI assistance<br />
04<br />
Collect<br />
Collect via your website with JotForm.com
square<br />
pricing<br />
3.50%<br />
+ .15<br />
2.70%<br />
3.5%<br />
Debit<br />
+ .15<br />
Credit or<br />
Cards<br />
Keyed<br />
Entry<br />
Swiped<br />
Online or<br />
Invoiced
Keyed,<br />
Invoiced<br />
processing, dependable service, advanced security, and flexible<br />
Fast<br />
— all backed by 24/7 support — makes Worldpay the best choice<br />
features<br />
Fifth Third<br />
pricing<br />
1.99%<br />
1.79%<br />
Credit<br />
$30-50<br />
Cards<br />
Check<br />
or Card<br />
Cards<br />
Monthly<br />
Present<br />
Fixed<br />
Costs<br />
Smart Processing. Smart Pricing.
Cost/Fees Comparison<br />
Square = RED<br />
5/3 Bank = GREEN<br />
400<br />
Square<br />
300<br />
COST<br />
200<br />
100<br />
5/3 Bank<br />
0<br />
$2000 $4000 $6000 $8000 $10,000<br />
AMOUNT PROCESSED PER MONTH<br />
$<br />
Square's high fixed<br />
cost means merchants<br />
pay more as their<br />
processing increases
Cost/Fees Comparison<br />
Processing<br />
Virtual Terminal<br />
(How you do it now)<br />
Debit Card Swipe<br />
Virtual Terminal<br />
Card on File<br />
eCommerce<br />
3.5% + .15<br />
2.75%<br />
2.9% + .30<br />
3.5% + .15<br />
2.9% + .30<br />
1.99%<br />
1.79%<br />
1.99%<br />
1.99%<br />
1.99%<br />
Fees<br />
Monthly Fees<br />
Annual Fees<br />
0<br />
0<br />
$30-$50<br />
$199<br />
Hardware<br />
Virtual Terminal<br />
Mobile Swiper<br />
Terminal<br />
0<br />
$49<br />
$399<br />
0<br />
$80<br />
$255<br />
Online Acceptance<br />
Authorize.net Gateway<br />
Not Available<br />
1x $20, $5/Mo. + .05<br />
With an average of<br />
$5,000/mo. card processing<br />
$5000 x .035<br />
$5000 x .0199<br />
volume, <strong>Heaven</strong> <strong>to</strong> <strong>Earth</strong> will<br />
$175<br />
$99.50<br />
save<br />
x 12 months<br />
x 12 months<br />
$906 in processing fees<br />
$2,100<br />
$1,194<br />
by switching <strong>to</strong> 5/3 Services
*3rd Party Options<br />
party options are integration partners and are not<br />
*3rd<br />
through 5/3 Bank. 3rd party vendors require<br />
sold<br />
agreements and are billed separately.<br />
separate<br />
requires payment gateway feature<br />
Integration<br />
Collect donations/payments<br />
directly from your website<br />
Email link <strong>to</strong> parishioners<br />
Host form and collect donations on an<br />
in-church kiosk<br />
Online Payment Forms<br />
Bulk sms messaging<br />
Engage parishioners easily and cheaply<br />
Create au<strong>to</strong>mated triggers and<br />
messages<br />
Text Messaging
1.99%<br />
1.79%<br />
Overview: <strong>Heaven</strong> <strong>to</strong> <strong>Earth</strong> Worship Costs<br />
Processing<br />
Card<br />
Credit<br />
Card<br />
Check<br />
2.75%<br />
AM Ex<br />
Fees<br />
Fee - (1x) $300<br />
Application<br />
Up Fee - (1x) $150<br />
Set<br />
waived<br />
waived<br />
Fee - $150<br />
Regula<strong>to</strong>ry<br />
Fees<br />
Chargeback<br />
waived<br />
waived<br />
Discount Fee<br />
Monthly<br />
Location Fee<br />
Signature<br />
waived<br />
waived<br />
Fee<br />
Annual<br />
Credit (if eligible)<br />
Campaign<br />
$199<br />
(-$150)<br />
Simple Monthly Fee<br />
Swipe<br />
Monthly Fees<br />
Fixed<br />
$9.99<br />
$34.99<br />
Online Payment Acceptance<br />
$20 1x<br />
$5/mo<br />
Authorize.net Payment Gateway<br />
3rd Party Partners Options<br />
.05/transaction<br />
Text Messaging<br />
ClickSend.com<br />
Online Forms<br />
JotForm.com<br />
/message<br />
.009<br />
$7.92/mo.
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