Calculating OFFSHORE merchant account fees with the help of a
calculator
This calculator has been built specially
for the purpose of calculating the
merchant account fees. Hence, it is
referred to as “merchant account fee
calculator”. With the help of this
calculator, one will be able to
calculate the fees based on the sales
volume. Moreover, this calculator is
pretty simple to use.
Using the merchant account fee
calculator – There are 2 methods of
using this calculator. One way is to
enter the transaction fee, discount rate
and monthly fee of the merchant account.
Account selection can be done from a
drop-down list which will automatically
fill these three values.
After this, enter the average ticket
value that has been estimated. This is
the average sale rate of your website.
Once this has been done, enter the total
number of units you have planned to
sell. Once you enter these values, click
the calculate button to get the result.
Both the form sides can be utilised for
comparing two different merchant
accounts. After this calculation has
been done, you can click on the
“compare” button to obtain the results.
This will give you a clear idea of the
amount you can save on a monthly basis.
You will realise that though you are
paying a higher amount as set up fees,
is can easily be recouped in a short
time period, which generally is 1 to 2
months. Once the amount has been
regained, you can save a lot of money.
This in turn will increase your profit
margins too.
There are a few guidelines that need to
be followed when you are calculating the
merchant account fee. If you are
manually entering the details of the
merchant account which does not involve
paying the monthly fee, then it is
advisable add a zero into the box meat
for entering the monthly fee. It is
better not to leave this field blank.
The button meant for comparing two
merchant accounts needs to be clicked on
after the other calculating buttons have
been clicked. If this is not one, the
calculator will not give out results.
The rates should be entered as American
Dollars. However, if the currency is not
in American Dollars, simple use the
dollar symbol. Even though you do not
make use of the Autofill option, the
ticket value that you are planning to
sell has to be entered. If one of the
unit boxes has been pressed, then the
price comparison can be done with
respect to one selling item only.
If you want to re-calculate the merchant
account fee or you want to calculate for
another merchant account that is
different from the one you entered
previously, you need to update the
specified field. After this, click on
the “calculate” button to obtain the
results.
The calculator for calculating the
merchant account fee is very useful as
it can be used easily. Moreover, the
results can be obtained quickly and it
also gives a clear idea of what you need
to pay. 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. |