Captioned screen recording. No audio. Illustrative inputs, not a customer result or quote.
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This captioned recording uses the live BlueFinch calculator with illustrative inputs. No customer information is shown.
Full transcript
0s: Enter collected revenue, the share paid by card and the effective rate from your statement. The example uses $100,000 in monthly revenue.
6s: With 85% paid by card, monthly card volume is $85,000. The rest of the revenue is not included in the card-fee calculation.
13s: At a 3.50% all-in effective rate, $85,000 in card sales costs $2,975 a month.
20s: An entered 8% net margin means $8,000 in monthly profit. The $2,975 processing cost equals about 37.2% of that entered profit. This comparison does not establish a change in accounting profit.
27s: Annualized fees are $35,700 if all twelve months are equal. These are illustrative calculations, not a forecast or a promise of savings.
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How to calculate your effective processing rate
Your quoted percentage can leave out account fees. Use one complete statement to work out what accepting cards actually cost.