How to Calculate Your Pinwheel Monthly Fees

  • Here is the simple formula to calculate your monthly fees.
    • The monthly minimum fee will reduce with every sale each month and reset ever month
    • Processing fees are calculated as follows:
      • .0060 multiplied by total processing volume.
      • $0.10 per transaction multiplied by total transactions ( approved and declined )
      • $50.00 monthly minimum
  • Example 
    • .0060 * $1000.00 = $6.00
    • $0.10 * 10 transactions = $1.00
    • $50.00 monthly min – $6.00 – $1.00 = $43.00 new monthly minimum.
    • Now your fees are broken down in 3 parts.
      • Discount rate fees = $6.00
      • Per transaction fee = $1.00
      • New monthly Min fee = $43.00
      • Total invoice will be $50.00
  • The invoices can be found by Login to Pinwheel https://paybypinwheel.com/ with the assigned username and password.
  • On the left hand side of the menu, click Invoices, then click on the Invoice ID to see the breakdown for the fees the past month.
  • Pinwheel will bill your monthly fees on the 1st of each month, for the previous months of service.
  • Please note, if you close your account, this must be done in writing from the email address on file for the gateway account. 
  • If the account is closed after the 7th of the month, a full month of service will be billed. You can send a copy of the debit to support@pinwheelpay.com to have a partial pro-rated refund for the days after the closure date.