SWIPE FEE CALCULATOR

SWIPE FEE CALCULATOR
How much money is your business paying the card companies because the state requires you to collect its taxes?
Does your business collect state/local taxes and accept debit and/or credit cards as a form of payment?
Thank you for your interest. Based on your answer swipe fees on tax collection do not affect your business.

Estimated State & Local Taxes Collected:
Your Estimated Total Sales paid for with a credit or debit card:
Estimated State & Local Taxes Collected:

${estimatedState18}
Your Estimated Total Sales paid for with a credit or debit card:

${yourEstimated}
Estimated swipe fees paid on goods sold with a credit or debit card:

${estimatedSwipe15}
Estimated swipe fees paid on tax collections last year:

${estimatedSwipe}
Estimated swipe fees paid on goods sold with a credit or debit card
Estimated swipe fees paid on tax collections last year:

The card companies made an estimated ${estimatedSwipe} last year on swipe fees because your company is required to collect taxes for the state. That is in addition to the approximately ${estimatedSwipe15} they made on the sale of goods and services from your business.
What would your business do with those funds if it didn’t have to pay them to the card companies?

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