Interchange fee calculator
The following interchange fee calculator will compute the fees charged by credit card or payment processor companies for unlimited transactions.
Paypal and some other credit card companies do not give users the option to see just
the fees for a number of corresponding transactions
With Paypal for instance, you can only see the fee one by one
for each transaction on their website.
You could not see a list
of fees with their corresponding
This can become time consuming if you have lots of transactions since you cannot see all the fees on the same page.
You cannot see the total of fees charged either. You have to call them to get it
This calculator can show you a list of fees and do the total of these fees.
I built this calculator after I was frustrated with this lack of functionality with Paypal
An interchange fee is what paypal or other payment processing companies will charge you whenever somebody makes a purchase
Interchange fees usually have a percentage and a flat fee
The percentage is a merchant fee and the flat fee is an authorization fee
For example, Paypal charges a mechant fee of 2.9% and an authorization fee of $0.30 for each transaction
Guidelines to follow when using the calculator
Find out what the percentage and the flat rate is for your specific credit card or payment procesor
ENter them in the 2 small rectangle boxes
Finally, enter all your transactions and/or sales in the big rectangle box separated with a space