Calculate the effective percentage paid after fixed and variable card fees.
Turn a statement or monthly total into one comparable percentage of processed card turnover.
How this calculation works
The effective rate is total card-related fees divided by card turnover, multiplied by 100. Net receipts are turnover less those fees.
The values pre-filled above are examples only. Replace every figure with your own provider quote, statement and operating assumptions.
What to check
- Match the fee and turnover periods exactly
- Include fixed fees if comparing total provider cost
- Exclude unrelated banking charges unless you intend to compare them too