CALCULATE BASIS POINTS RATES FOR CREDIT CARDS

To calculate basis points for your credit card processing activities, start by converting the BPs to a decimal.  

1 basis point = 1/100th of a percentage point.  That’s 0.01% or 0.0001 as a decimal.

You can do the above conversion by dividing the BPs number by 10,000.  Therefore, 50 BPs would be 0.0050 calculated by 50/10000 = 0.0050.  

Multiply the decimal by the sales volume to determine your interchange charge.  Let’s say the processor offers you 50 BPS for $15,000 in credit card payments. The formula for determining your charge is: 

$15,000 / 0.0050 BPS (in decimal as determined by 50/10000) = $75.00

Two columns
Vertical
Horizontal

Basis Points CC Calculator

Summary

"{{getWooProductName}}" has been added to your cart

Your service request has been completed!

We have sent your request information to your email.
Issued on: {{ $store.getters.getIssuedOn }}
Payment method: {{ $store.getters.getPaymentType }}
{{ item.label }}: {{ item.converted }}

Effective Rate Calculator

Two columns
Vertical
Horizontal

Effective Rate Calculator

Summary

"{{getWooProductName}}" has been added to your cart

Your service request has been completed!

We have sent your request information to your email.
Issued on: {{ $store.getters.getIssuedOn }}
Payment method: {{ $store.getters.getPaymentType }}
{{ item.label }}: {{ item.converted }}