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How do I charge my customers credit card merchant fees / charges on sales invoices?

Created on  | Last modified on 

Summary

This article advises on what to do on a sales invoice if you need to charge customers credit card merchant fees for Visa or Mastercard.

Resolution

Important:

  • Before charging credit card merchant fees to customers on sales invoices, you must seek guidance from your credit card company.

Steps:

  1. In an existing sales invoice, create a new line item.
  2. Enter a Description such as "Credit Card Merchant Fees".
  3. Manually calculate the percentage amount type in the charge in the Amount column.
    • Click the Calculator icon​ to open the Windows calculator
      Image​​​​​​​​​​​​​
    • Enter your subtotal amount multiplied by your prescribed merchant fee percentage in the calculator
      • $100 x 0.024 (2.4%) = $2.40
  4. Select an appropriate Revenue account in the Account column.
    • Ensure that there’s no tax selected in the Tax column

Example:

Image

Related Solutions

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