A credit card surcharge is an extra charge that customers pay on top of the price of goods of or services. This surcharge applies when customers choose to pay with a credit card such as Visa or MasterCard. Surcharge value is added on the Total Value including GST.
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Calculation: Invoice Total Inc GST $1,734.70 + Surcharge of 1.75% which is $30.36 + fee of $0.30 =Total: $1,765.36
Breakdown - for the Accounting Side
| Invoice total including GST | $1,734.70 | Original Invoice Value |
Add Surcharge of 1.75% | $30.66 | Ascora Calculated Surcharge |
Total Stripe Value | $1,765.36 | Matches value processed by Stripe |
Deposit Amount | $1,734.17 | From bank feed |
Stripe Value Less calculated charge | $17$1,34734.17 | Amounts match expected Stripe value above – 1.75% + $0.30 = $31.19 |
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