Prices are good for the following services:
- Merchant accounts & processing services
- Virtual Web Terminal
Setup fees apply (paid upon approval of your application).
Pricing
| Simply Accounting Credit Card Services | |||
| Set-up (One time charge) |
CAD$99.00 | / | USD$69.00 |
| Monthly (Recurring) |
CAD$19.99 | / | USD$14.99 |
| Per Transaction | CAD$0.30 | / | USD$0.30 |
| Discount Rate (Where merchant account is obtained through Simply) |
Cdn 3.50% | / | U.S. 3.50% |
How do Simply Accounting Credit Card Services prices stack up versus those of traditional banks?
Fees for Simply Accounting credit card service are very affordable as compared to what most banks offer. While a precise comparison of what each and every bank offers is obviously impossible, below are some of the fees that we have noticed in the market that banks appear to be charging for similar services. Please be guided that this is only an indicative assessment and precise fees will vary by financial institution.
All fees are shown in Canadian funds.
| Simply Accounting Fees |
Estimated Bank Fees** |
Difference | |
| Set-up | $99.00 | $300-$499 | $200-$400 |
| Monthly | $19.99 | $39-59 | $20-$40 |
| Per Transaction | $0.30 | $0.35 | Comparable |
| Discount Rate | 3.50% | 3.50% | Comparable |
| Statement Fees | $0 | $19.99 | $19.99 per month |
| Gateway Fees | $0 | $49.99 | $49.99 per month |
| Deposit Requirements | 0% | 5% | Several '000 dollars |
| Terminal Fees | $0 | $19-$59 (plus additional cost of phone line approx $40) |
$50-$99 per month |
| Remittance Fees | $0 | $5.00 | $5 per instance |
* Notes on Service Packages:
- All prices are subject to applicable taxes.
- Charge-back fees are $20 each and levied in the currency of the merchant account.
- Discount rates are subject to change and not confirmed until the accounts are approved.
- 8% of merchant credit card sales are held in a rolling reserve fund for 6 months and are subject to change.
** Bank fees vary by financial institution and the numbers here are estimated to reflect prevailing industry averages.
