And BTW, I am a happy Arq user, I've been using it on multiple machines for the past several years. It is the ONLY backup solution out there that:
* encrypts my data without me having to supply the decryption key to a third party when decrypting,
* decouples backup and encryption from a particular storage provider,
* makes me independent of ebbs and flows of storage providers by supporting pretty much every one out there.
I've learned to value independence over cheapness, so I stick with Arq. Plus, it's been working really well over the years.