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Processing Fee Calculation
Processing Fee Calculation
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Doug SMITH
53.25% (Neutral)
Newbie
Topic Starter
2017-11-20T15:26:48Z
#1
We'd like to be able to calculate a processing fee based on a formula so that we can pass on the cost of cc processing to purchasers. Any ideas on the best way to accomplish that?
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Reto Cossalter
100% (Exalted)
Advanced Member
2018-05-16T07:00:35Z
#2
-Deleted-
See answer below...
Edited by user
2018-05-16T09:34:40Z
|
Reason: New information made post obsolete...
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Reto Cossalter
100% (Exalted)
Advanced Member
2018-05-16T09:33:53Z
#3
To answer the question:
Adding processing fees at checkout is probably against the law in your country.
At least in switzerland it is forbidden since Aug 2017.
It is most certainly against the terms of CC companies.
https://www.paypal-commu...ee-at-checkout/td-p/4204
Hope that helps
Regards
Reto
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Will Strohl
100% (Exalted)
Administration
2018-05-17T18:40:08Z
#4
To echo Reto's response, I'm not aware of any credit card processor that allows you to (legally) pass along credit card processing fees in the way you suggest. If you're caught, they'll permanently cancel your account.
Instead, you should incorporate these fees as part of the costs for the business overall and increase your product prices as appropriate to cover the costs of running the business.
Will Strohl, Upendo Ventures
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