Help Center - receivabl.es
  • Introduction
  • General
    • Introduction
    • What is this?
    • How does it work?
    • Which countries are supported?
    • How much does it cost?
    • Are there any fees for a failed payment?
    • What is the chargeback fee?
  • Receiving Payments
    • Can I allow both ACH and credit card payments?
    • How long does it take to get my money deposited?
    • What is the largest payment I can receive?
    • Are subscriptions or recurring payments supported?
    • Can I debit a pre-authorized bank account?
    • Can I pass the fees to my customers?
    • How do I include the credit card fee in my invoices?
    • How do I add a surcharge to credit card payments?
    • How do I calculate my credit card cost of acceptance?
  • Integrations
    • How do I setup the Plaid integration with Stripe to accept ACH payments?
    • Are payments and fees automatically recorded to my accounting software?
  • My Customers
    • What does a payment look like on my customer's bank statement?
    • Can a customer dispute or reverse an ACH payment?
    • Can a customer choose to pay part of an invoice?
    • Can I prevent customers from paying part of an invoice?
Powered by GitBook
On this page

Was this helpful?

  1. Receiving Payments

How do I calculate my credit card cost of acceptance?

Your credit card cost of acceptance is the average of all your credit card fees over the previous 1 or 12 months, at your choice, expressed as a percentage of the total transactions.

For example, if your business accepted 10 credit card transactions last month at $300 each, and your processing fee is 3.4% + $0.30, the cost of acceptance would be expressed as:

((300 * 0.034 + 0.3) * 10) / 3000 = 0.035

or 3.5%.

This is the highest rate you can surcharge credit card payments in the U.S.

PreviousHow do I add a surcharge to credit card payments?NextHow do I setup the Plaid integration with Stripe to accept ACH payments?

Last updated 5 years ago

Was this helpful?