Reforming Retail

Free POS Calculator

Quoted Payments Rate

This is the percent rate your payment provider is quoting you.

Swipe Fee

The amount you pay per transaction, in cents. One dollar per transaction would be 100.

Advertised Cost of POS

This is the dollar amount the POS provider is telling you that you will pay for the POS. This is likely far less than the market cost since you are paying for it in other ways.

Market Cost of POS

This is how much the same POS system would cost if you bought it without any payments contract.

Processing Contract Length

How long, in years, the payments contract is.

Interchange

What the provider is paying for their payments. This should be the payment rate without processor profit.

Merchant Annual Processing Revenues

How much processing revenue a merchant will do on a yearly basis. A $1M a year merchant might only do $800,000 in processing with the rest cash or check.

Merchant Daily Transactions

The number of checks/card swipes done per day.

Annual Payments Profit

How much the payment provider is making in payments profit from the spread of their quoted processing rate and interchange.

Total Cost of Your POS over Contract

Over the course of your processing contract, in years, how much you’re paying for your POS system.

Amount Over, Under Market Cost of POS

Over the term of the payments contract, the difference in the amount paid from the market cost of POS. In other words, would it have been cheaper to purchase the POS outright and if so, how much?

Implied APR

If the amount over, under market cost of POS is positive, the implied APR you’re paying on that money.

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