Skip to content
BizBinder
Early access open Get early access

Getting paid

Merchant Fee

The short answer

A merchant fee is what a card processor charges you to accept a card payment. It is usually a cut of the sale plus a small fixed amount. Your own processor sets the real number.

What it means

Every card payment you take goes through a processor first. The processor keeps a slice before the rest reaches your account. That slice is the merchant fee. A card machine, a payment link and an online checkout can each charge a different amount for the same sale.

The processor takes the fee before the money lands. It does not send a separate bill later. The amount in your account is already net of the fee. Check your processor's statement or agreement for the real number. It changes by provider and by country.

For example

You take a card payment on a $600 invoice. Your processor's statement shows $582.60 landed in your account. The missing $17.40 is the merchant fee for that one transaction.

The mistake to avoid

Quoting a job at the full invoice amount and forgetting the merchant fee. The money that lands is always a little less than the invoice.

See also

Want this in one place?

BizBinder keeps quotes, jobs, invoices, and follow-ups in one binder.