For the formula on how to calculate the fees, kindly see the working breakdown below for card issued in for European Union Cards
|Gross Amount Captured||= 100.00 EUR|
|Fees (Merchant Discount
Rate (MDR) + Transaction Fee)
|= MDR (100*3.4%) + (0.35 EUR)|
|= 3.4 EUR + 0.35 EUR|
|= 3.75 EUR|
|Net Amount||= 100.00 - 3.75|
|= 96.25 EUR|
Hope this explain!
Read more: Payment gateway fees
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