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City of Saco·Maine

Merchant Services

Closes 9/29/2023$100k – $300kRequest for Proposal
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Description

The City of Saco is seeking a single merchant‑services provider to consolidate all existing payment processing across multiple city departments, replace a patchwork of current providers, and deliver a unified, PCI‑DSS‑compliant reporting and integration solution. The vendor must supply a cost proposal covering overhead and processing fees, integrate with the city’s MUNIS/Tyler ERP system, and help the city achieve cost reductions on credit‑card and eCheck transactions.

Attached files

Contact

Gerry Matherne(Finance Director)

[email protected]

Key dates

Opened
9/11/2023
Closes
9/29/2023
Projected award
11/3/2023

Last updated

Details

Type
Request for Proposal
Industry
Financial Technology
NAICS
522320

Budget estimate

$100,000 – $300,000

Based on the stated transaction volumes ($3.6 M credit‑card and $3 M eCheck) and typical merchant‑service fee structures (≈ 2 % for credit cards and ≈ 0.6 % for eChecks), the annual processing revenue to the vendor would be roughly $80‑$100 k. Adding an overhead/implementation fee (often a one‑time amount ranging from $20 k to $50 k) suggests a total contract value in the range of $100 k to $300 k for the first year, with potential renewal thereafter.

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