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Author: LaraAmber Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 884872  
Subject: Re: Merchants Allowed to Surcharge Credit Card U Date: 1/28/2013 11:59 AM
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How is the transaction fee known? It depends on the type of the card. It's not like I can tell how many people are going to use what type of card or if they are even going to use a card.

There are two methods (that I've seen used) for including it in one's overhead: 1. look at the average fees last year and add that percentage in to the calculation or 2. take your highest possible percentage and plug that in. We do it every year when adjusting our price list to make sure it accurately reflects overhead.

I may not know how often our HVAC units for the hospital are going to break this fiscal year, but I sure can figure out how to include it in my overhead based on an average of previous years' expenses.

Lara Amber
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