Extra $3.1m pa (at 1% or 100 bps), plus the transaction fees - probably will total something like $200k in transaction fees to get a new $3.3m est per annum. However I would deduct a bit as the total book seems to be at 100 bps, after being a bit higher previously, so these merchants may have negotiated a sharp price.
Extra $3.1m pa (at 1% or 100 bps), plus the transaction fees -...
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