Credit Card Processing Fee Calculator
Your statement lists dozens of fees. Two of its numbers are enough: total card sales and total fees for the month. See your real rate and what it costs you in a year.
Take these from one month of your card processing statement.
Often called “amount processed” or “gross sales”.
Every fee for the month, added together. Some statements show it as “total charges”.
Adds your average fee per sale and the comparison with flat rates.
Your real rate
3.30%
- On every $100.00 card sale$3.30
- In a year, at this month’s level$4,950.00
Your rate is fees divided by sales for the same month. The flat rates are common examples, not a quote. We read statements line by line, in English or Spanish.
Want customers who pay by card to cover the fee? See the cash and card price rules for DC, Maryland and Virginia.
How do I calculate my credit card processing rate?
Divide the total fees on your monthly statement by the total card sales for the same month. $412.50 in fees on $12,500.00 in sales is a 3.3% effective rate, or $3.30 on every $100.00 sale. Truvana Tech reads statements line by line, in English or Spanish.
What is a normal credit card processing rate for a restaurant?
Common flat rates are 2.6% + 15¢ for a card tapped or inserted in person and 2.9% + 30¢ online. On a $100.00 sale that is $2.75 and $3.20. If your effective rate is well above that, look for monthly fees, PCI fees and keyed-in sales on the statement.