Credit card processing fees are the charges incurred when a business accepts payments via credit or debit cards. These fees are typically a combination of:
Paid to the issuing bank of the customer’s card.
Charged by the credit card networks (e.g., Visa, MasterCard).
Charged by the payment gateway or processor facilitating the transaction.
These costs are usually calculated as a percentage of the transaction amount, plus a fixed fee. For example:
A payment processing fee assessment and calculation software helps you:
With our credit card fees calculator, you’ll finally know how much each transaction is costing your business. Here’s how it works:
Input the total amount of the payment you are processing.
Choose the percentage fee and fixed fee structure from your payment processor.
Estimate the total number of transactions per month for an overall view of costs.
The credit card processing fee calculator instantly shows your processing fees for the transaction or monthly volume.
At PayWisor, we’re a team of business owners just like you. That’s why we’ve built tools we wish we had when starting out. Use our intuitive tool below to calculate your credit card processing fees:
Reducing your processing fees can save your business significant money over time. Here are some strategies:
Talk to your payment processor about lowering interchange or assessment fees.
Compare processors that offer tiered, flat-rate, or interchange-plus pricing.
Avoid unnecessary fees by improving fraud prevention measures.
Offer discounts for ACH payments or debit cards.
Look out for hidden costs like PCI compliance fees or statement fees.
At PayWisor, we’re committed to making your life easier. Our Credit Card Processing Fee Calculator is just one way we help you:
Take control of your payment processing costs with the PayWisor Credit Card Processing Fee Calculator. Whether you’re a small business owner or a large enterprise, this credit card transaction fee calculator provides the clarity you need to make informed financial decisions. Try it now!
Typical fees range between 1.5% and 3.5% per transaction, depending on the card type and payment processor.
Yes, fees can vary. Premium cards like rewards or corporate cards often have higher interchange fees.
In some jurisdictions, you can add a surcharge to cover processing fees, but it’s essential to comply with local laws.
International fees often include currency conversion costs and higher assessment fees. Our calculator can help you estimate these costs with the right inputs.
While you can’t eliminate them, you can minimize fees by using cost-effective processors and promoting alternative payment methods.