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HOW TO CALCULATE MERCHANT ACCOUNT FEE
BY USING A CALCULATOR
This calculator is specially built for
this purpose. This called the “Merchant
Account Fee Calculator”.
Using this calculator one’s takings for
several merchant accounts can be
calculated on the basis of sales volume.
The usage of it is also very easy.
HOW TO USE THE MERCHANT FEE CALCULATOR
There are two ways to start using the
calculator. One is entering the fee of
transaction, monthly fee and rate of
discount of a merchant account which has
been advertised. Also selection of an
account can be made from the list of
drop-down which will result in the
automatic filling of these 3 values.
Next step is entering the average value
of ticket which is estimated. This means
the average sale rate of one’s website.
This should be followed by number of
units which one is planning to sell. If
all this is done, then click the button
on the calculator to calculate.
Both sides of form can be used for the
comparison of 2 merchant accounts which
are different at a time.
After the calculation of the forms has
been done the button which says compare
can be pressed. After this the
comparison of the 2 charges happens as a
result of which one can have an idea how
much he will be able to save per month.
One can realize that although the set-up
fee is high it can be recouped within a
short period of time which will
generally be 1 or 2 months. Later a huge
profit can be made.
There are certain guidelines which
should be followed while using a
calculator for calculating Merchant
Account Fee.
If the details of an account are entered
by hand which does not have a monthly
fee then it is better to enter the digit
zero in the box that is for monthly fee.
It is better than Levin it without
anything.
The button for comparing should be
pressed after both the buttons for
calculating are pressed first. Otherwise
it will not work.
All the rates are supposed to be entered
in the form of American Dollars but if
the currency is different instead of the
$ sign the sign of the currency which
are going to be entered should be
imagined while calculating.
Even if Autofill is not being used the
value of ticket and the units which one
is planning to sell should be entered.
If one presses 1 of the unit box then
the comparison of prices can be made
just by selling 1 item.
If a recalculation has to be done by
using a merchant account which is
different from the one which was being
used what should be done is update the
required field and then click the button
for Calculating.
If one wishes to start from the
beginning the button which says Reset on
the calculator should be clicked and
the whole form will be cleared. Then
one can start all the procedures from
the beginning. |
