Budget for Merchant Fee's?

Question

We are trying to better budget for the Card Pointe Merchant fee's when clients pay by the Customer Portal. Night Light charges a 3% Processing Fee for Credit Card Payments. Card Pointe charges a 3.5% processing fee, but there are also other service charges and fee's. Is there a "rule of thumb" or recommendation on how to budget for these fee's?

baraica · Answer

Hi ​@Brian Night Light- Some recommendations include review costs for processing fees fromlast year and determine percentage of total annual revenues. You can increase markup factors to recoup that amount plus a buffer. You should alsoreview quarterly and make adjustments as necessary.

Sign up

Login to the community

Scanning file for viruses.

This file cannot be downloaded