Restaurant Credit Card Fee Calculator
Running a restaurant can be challenging, and one of the biggest expenses is credit card processing fees. From interchange fees to monthly service charges, it can be difficult to understand and manage the costs associated with accepting credit card payments. In this article, we’ll break down the different types of credit card processing fees that restaurants typically face and provide tips on how to reduce them.
To help you better understand the costs, we also provide a credit card processing fee calculator that you can use to estimate your fees based on your restaurant’s average ticket size and monthly sales volume.
Whether you’re a small independent eatery or a large chain, this information will help you make more informed decisions about credit card processing.
Here are some terms and definitions used in the calculator below.
Calculator Instructions
This restaurant credit card fee calculator is meant to serve as a tool to help restaurants better understand their fee breakdowns. In general, the left hand side of the calculator are the inputs and can be edited, the right hand side is OrderUp’s current fee structure.
- Input Order Information
- Average number of orders per month
- Average order value (AOV)
- Input your current processing or interchange fees for the listed credit cards
- Input any surcharge fees or fixed amounts per transaction
- Input your monthly recurring fees such as POS, Terminal Rental or “other” (Online ordering, marketing etc)
- Payment breakdown: provide an estimated percent of orders per card type
Once all of these are inputed, the calculator will generate your total monthly fees.
Credit Card Fee Calculator
Payment Type Breakdown (% of Orders)
90
90
90
90
80
50
Input - Credit Card Fees
Credit Card Fee Breakdown
$ 64
$ 53
$ 80
$ 69
$ 12
$ 61
$ 64
$ 64
$ 68
$ 15
$ 0
$ 0
$ 275
$ 276
Monthly Recurring Fees
$ 276
$ 594
$ 318
Understanding the different types of credit card processing fees is essential for any restaurant owner looking to manage costs and improve profitability. By being aware of the fees and implementing strategies to reduce them, you can save money and invest in growing your business. We hope that our credit card processing fee calculator will be a useful tool in helping you estimate your costs and make more informed decisions about credit card processing.
As a reminder, OrderUp offers a simple and affordable point of sale for restaurants. We don’t charge any monthly fees, and don’t have any add-ons. When you use OrderUp, you have access to our full platform, for $0/month.
