eCBSV Fees
Fees
- Social Security is required to collect the full cost of eCBSV services.
- Each permitted entity will be required to pay:
- An annual tier based subscription fee based on estimated transaction volume for the 365-day agreement period; and
- An administrative fee of:
- $3,693 start-up administrative fee for first time enrollees, or
- $1,691 renewal administrative fee each time the tier subscription is renewed.
- Below is the Annual Tier Based Subscription Fee Model:
- Fees are based on forecasted systems and operational expenses, agency oversight, overhead, and CPA audit contract costs.
- Social Security will periodically recalculate costs to provide eCBSV services and adjust the fees charged as needed.
- Social Security will notify enrolled permitted entities 60 days in advance of a fee adjustment, which will take effect with their next renewal or amendment. Social Security will also post the fee adjustment in the Federal Register.
Tier | Annual Transaction Volume | Annual Fee |
---|---|---|
1 | 1 to 1,000 | $400 |
2 | 1,001 to 10,000 | $3,030 |
3 | 10,001 to 200,000 | $14,300 |
4 | 200,001 to 50,000,000 | $276,500 |
5 | 50,000,001 to 2,000,000,000 | $860,000 |