How this number is made
Card processors take a percent plus a fixed fee. The customer pays the sticker. You receive the sticker minus the fee, unless you surcharge. The default is a common published pair, not a quote from your processor.
- Use the rate on your statement. Debit, rewards cards, and invoices can differ.
- The fixed fee is per transaction.
Formula
Fee = amount × percent + fixed fee. You receive = amount − fee.
Worked example
With the figures already in the form, you receive is $82.24.
Questions
Can I pass this to the customer?
Only where the card brand and your state allow a surcharge, and only if you do it the way they require. This page does not add a surcharge.
What about refunds?
Many processors keep the fee on a refund. That loss is not in this one-charge math.