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CompanyCater

Why do some of my service fee has an added $0.01 on top of my 2.75% service fee

So I noticed that in whole dollar amount like $1,720 @ 2.75% fee is suppose to be exactly $47.30....but my daily report shows that I was charged $47.31.

This has happened to me a multiple times, but this is the first time I caught it.

 

I know a penny isn't much, but it is everything to small business owners and seems like the olden sneaky method of taking a penny from every account.

 

10,000,000 transaction @ a penny each equates to $100,000

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VanKalkerFarms Super Seller

Re: Why do some of my service fee has an added $0.01 on top of my 2.75% service fee

The first question I have is, Is that one transaction for $1,720 or many that total that?  because it is a per transaction credit card fee which can be a different total than adding the 1 or 10 or 100 transactions together.

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