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RecNet Fee-Based Transaction Pricing <br /> Pricing has been based on the following numbers: <br /> • Total revenue per year $90,000 <br /> • Estimated% of offline transactions process by Credit Card 60% <br /> • Estimated% of transactions processed by Cash/Check 40% <br /> • Estimated% of online registration 10% <br /> Offline Transaction Fees <br /> Cash/Check: $1,215.00 <br /> *This figure is based on 1.5% transaction fee. <br /> Credit Card: $1,093.50 <br /> *This figure is based on 3.75%transaction fee. <br /> Total Offline Transaction Fees $2,308.50 <br /> Online Transaction Fees <br /> Participants will pay a convenience fee of 6.5% plus $.50 (you will not pay a transaction <br /> fee.) I have provided you pricing above which shows the cost to you based on 10% of <br /> your registration being done via the Internet. The higher the percentage of participants <br /> registering online, the lower the costs will be to Mounds View Park and Recreation <br /> Department. <br /> **Please keep in mind the above prices are approximate prices. The transaction fees <br /> may vary depending on your number of transactions, the % of people who register <br /> online, and the number of people who pay by credit. This pricing is an estimate based on <br /> the numbers you have provided for me. The minimum quarterly fee is $750 ($3,000 <br /> annually.) This is a combination of the transaction fees Mounds View Recreation <br /> Department pays plus the convenience fees that the participants pay. <br />