1. What is the Revel Credit Card Fee?

The Revel credit card processing fee is typically 2.49% + $0.15 per transaction. This calculator helps merchants estimate their payment processing costs.

2. How Does the Calculator Work?

The calculator uses the Revel fee formula:

Where:

• \( P \) — Transaction amount ($)
• \( R_f \) — Fee rate (e.g., 0.0249 for 2.49%)
• \( C \) — Fixed fee ($0.15)
• \( F \) — Total fee ($)

Explanation: The fee consists of a percentage of the transaction amount plus a fixed fee per transaction.

3. Importance of Fee Calculation

Details: Accurate fee calculation helps merchants understand their true revenue after payment processing costs and set appropriate pricing strategies.

4. Using the Calculator

Tips: Enter the transaction amount in dollars, the fee rate as a decimal (2.49% = 0.0249), and the fixed fee in dollars. All values must be non-negative.

5. Frequently Asked Questions (FAQ)

Q1: What is Revel's standard fee rate?
A: Revel typically charges 2.49% + $0.15 per transaction, but rates may vary based on your agreement.

Q2: Are there different rates for card types?
A: Yes, premium cards (like rewards cards) often have higher processing fees than standard debit cards.

Q3: How can I reduce my processing fees?
A: Options include negotiating rates, encouraging debit card use, or implementing minimum purchase amounts for credit cards where permitted.

Q4: Are these fees tax deductible?
A: In most cases, credit card processing fees are deductible as ordinary business expenses, but consult your accountant.

Q5: Does Revel charge additional monthly fees?
A: Revel may have additional monthly service fees beyond the per-transaction fees calculated here.