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  HOW TO CALCULATE HIGH RISK 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.

Contact one of our helpful account representatives to assist you in the setup of a high risk merchant account or offshore merchant account for a high risk merchant.