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  5. ›193425 Credit and Debit Card Processing

Awarded contract·Pinal County·Arizona

193425 Credit and Debit Card Processing

Won by Point & Pay$865kSingle Award
Contract source

Awarded vendors

  • Point & Pay

Description

This contract is for payment processing services, including credit and debit cards and other types of electronic payments, for fees assessed by the Pinal County Treasurer’s Office and other County departments. The contract has a term of 5 years, with the option to renew. The vendor, Point & Pay, will provide these services for a percentage per transaction, with minimum fees and flat fees for certain types of transactions. Key aspects of the contract include: • Payment processing for credit and debit cards • Electronic check flat fee per transaction • Visa tax debit flat fee per transaction • Minimum fee per transaction • Percentage per transaction

Attached files

Key dates

Starts
7/6/2020
Ends
1/6/2026Renews
Duration
5 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
522320
Solicitation №
36393

Contract value

$864,500

The value of this contract can be estimated based on the percentage per transaction and the minimum fees. Assuming an average transaction value of $10, the percentage per transaction of 2.29% would result in a fee of $0.229 per transaction. With a minimum fee of $1.50 per transaction, the total fee per transaction would be $1.729. If we assume 100,000 transactions per year, the total annual revenue would be $172,900. Over the 5-year term of the contract, the total value would be approximately $864,500. However, this is a rough estimate and the actual value of the contract may be higher or lower, depending on the actual transaction volume and values.

AI estimate from the award documents

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