I have been brought in on another report project. This project will involve royalties. The trick with this report is that they would like to be able to incorporate the credit card fees per transaction they incur into the royalty report. This will give them a much more accurate report as to the true pofit per transaction and, hence, the royalties due. Has anyone created such a report in the past and, if so, how did you obtain the per transaction credit card fee?
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Thanks for the tips Victoria. They process about 500 credit card orders per day so there are a lot of transactions. I will find out what type of information they get electronically and then decide on a plan.
Hi Richard,
There are a number of different credit cards and credit card processors, and the fees may be very different for each transaction depending on the exact agreement with the credit card processor. Each credit card processor will also have different reporting. Many that I have seen make it pretty difficult to determine the exact cost of each transaction. All that said, I think you have 2 options:
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