Your card reader takes a cut of every sale. One fee on one sale looks small, but across a full day of card sales it adds up, and it comes out before booth fees, supplies or gas. It's worth knowing what each show actually paid you once the processor is done. This short video shows the free Card Fee Reconciler at feecut.cc, which needs no sign-up.
How It Works
- Pick your processor. The one your card reader uses.
- Enter the day's card sales. The total that went through the reader.
- Enter the number of transactions. How many card sales you ran.
- Read the total fees and your net payout. What the processor kept and what you keep.
Compare Processors Side by Side
Switch on compare to see the processors side by side for the same day. If you've been wondering whether a different reader would leave you more, this is a quick way to check with your own numbers instead of guessing.
Why the Number of Transactions Matters
Many processors charge a small fixed amount per transaction on top of a percentage, so lots of small sales can cost more than a few big ones for the same total. That's why it asks for both the day's card sales and how many transactions there were.
Fees Belong in Your Pricing
Card fees are a real cost, just like materials and booth fees. My earlier post on how much card fees eat into your sales goes deeper on processors and pricing to cover them, and the craft pricing calculator post covers building a price from all your costs. For the cash side of the booth, there's the cash change calculator.
Part of VendorTools
This is one of the VendorTools tools, a set of free calculators and checklists for craft fair and market vendors. You can see the rest in my VendorTools hub post. If you want to track every show, your sales and your costs in one place, that is what FairKeep is for, and my FairKeep overview covers what it does.
More short how-tos on the VARØ Industries YouTube channel.
More short how-tos on the VARØ Industries YouTube channel.