19 Feb 2020 By PAYCEC
A per-transaction fee is an expense a business must pay each time it processes an electronic payment for a customer transaction. For the formula on how to calculate fee per transaction with PayCEC payment gateway, kindly see the working breakdown below for card issued in for European Union Cards:
|Gross Amount Captured||= 100.00 EUR|
|PayCEC 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|
Read more: PayCEC Payment gateway fees
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