How can I calculate Invoice fees?

[LibertyAnod]

Questions or Feedback: I am having an issue with figuring the fees out. I am supposed to be having invoices billed at 2.9% + $.30 per invoice as we email the invoices to our customers and then they pay by credit card. However when I am trying to include the fees into what we invoice for and it is never matching up.

It is always off.
I need to send a big invoice for payment and I want to be sure to make sure I have the fees correct so we can get correct payment. Can you give an estimate in what fee amount would be on an Invoice amount of $12,973.96?

Thanks

New User
Liberty Anodizing

[VanKalkerFarms]

Are you trying having the customer pay the fee so you need to know what to charge them?

I discussed that in this thread here.https://www.sellercommunity.com/t5/General-Discussion/what-is-the-formula-used-for-the-reverse-squar...

Example
If invoicing a $100 sale
use 2.99% + $.30
$100*1.0299=$102.99
$102.99+$.30=$103.29
charge $103.29 and your fee from square will be $2.99 + $.30 netting $100

[LibertyAnod]

Thanks for the response and breakdown. I was struggling.  🙂 I also was refered to use a "Square Fee Calculator" that was super easy. Here is the link to that as well. http://www.gregledet.net/square.html

Thanks

Amber

Liberty Anodizing