Merchant Account (Credit Card Processing) Fee Calculator

This calculator helps businesses estimate the fees associated with credit card processing transactions. Enter your transaction details to calculate the fees instantly.

Data Source and Methodology

All calculations are strictly based on standard fee structures provided by industry sources. Refer to your merchant agreement for precise rates.

The Formula Explained

Processing Fee = Transaction Amount × (Processing Rate / 100)

Glossary of Terms

Transaction Amount: The total amount of the transaction.
Processing Rate (%): The percentage fee charged for processing the transaction.
Processing Fee: The fee charged for processing the transaction.
Total Cost: The sum of the transaction amount and the processing fee.

How It Works: A Step-by-Step Example

For a transaction amount of $100 with a processing rate of 2.9%, the processing fee is calculated as $100 × (2.9 / 100) = $2.90. The total cost is $100 + $2.90 = $102.90.

Frequently Asked Questions (FAQ)

What are credit card processing fees?

These are charges incurred by businesses for processing credit card payments.

How do I find my processing rate?

Consult your merchant agreement or contact your payment processor for details.

Why do processing fees vary?

Fees can vary based on the type of card used, the transaction amount, and the payment processor.

Are there fixed fees in addition to percentage rates?

Yes, some processors may charge a fixed fee per transaction in addition to a percentage rate.

Can I negotiate processing fees?

Yes, it may be possible to negotiate fees with your payment processor, especially if you have a high transaction volume.