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Payment Processing Fee worksheet

Grades 7–8

Solve each problem and show your work. Round answers to 2 decimal places where needed.

  1. Problem 1.
    • What are you comparing?: Taking a payment in person
    • Amount: $100

    Find: Lowest fee listed

  2. Problem 2.
    • What are you comparing?: Taking a payment online
    • Amount: $110

    Find: Lowest fee listed

  3. Problem 3.
    • What are you comparing?: Taking a payment in person
    • Amount: $85

    Find: Lowest fee listed

  4. Problem 4.
    • What are you comparing?: Taking a payment online
    • Amount: $80

    Find: Lowest fee listed

  5. Problem 5.
    • What are you comparing?: Taking a payment online
    • Amount: $70

    Find: Lowest fee listed

  6. Problem 6.
    • What are you comparing?: Moving a balance out instantly
    • Amount: $90

    Find: Lowest fee listed

  7. Problem 7.
    • What are you comparing?: Moving a balance out instantly
    • Amount: $100

    Find: Lowest fee listed

  8. Problem 8.
    • What are you comparing?: Taking a payment in person
    • Amount: $90

    Find: Lowest fee listed

  9. Problem 9.
    • What are you comparing?: Taking a payment online
    • Amount: $125

    Find: Lowest fee listed

  10. Problem 10.
    • What are you comparing?: Moving a balance out instantly
    • Amount: $140

    Find: Lowest fee listed

Answer key: Payment Processing Fee worksheet

  1. 1. Lowest fee listed: $2.75

    1. The lowest fee is Square, Free plan, at 2.6% + $0.15

      $2.75
    2. Take the fee off the amount to see what reaches you

      $100.00−$2.75=$97.25
  2. 2. Lowest fee listed: $2.19

    1. The lowest fee is Venmo business profile, at 1.9% + $0.10

      $2.19
    2. Take the fee off the amount to see what reaches you

      $110.00−$2.19=$107.81
  3. 3. Lowest fee listed: $2.35

    1. The lowest fee is Stripe card reader, at 2.7% + $0.05

      $2.35
    2. Take the fee off the amount to see what reaches you

      $85.00−$2.35=$82.65
  4. 4. Lowest fee listed: $1.62

    1. The lowest fee is Venmo business profile, at 1.9% + $0.10

      $1.62
    2. Take the fee off the amount to see what reaches you

      $80.00−$1.62=$78.38
  5. 5. Lowest fee listed: $1.43

    1. The lowest fee is Venmo business profile, at 1.9% + $0.10

      $1.43
    2. Take the fee off the amount to see what reaches you

      $70.00−$1.43=$68.57
  6. 6. Lowest fee listed: $1.53

    1. The lowest fee is Apple Cash, at 1.7% ($0.25 minimum) (capped at $25.00)

      $1.53
    2. Take the fee off the amount to see what reaches you

      $90.00−$1.53=$88.47
  7. 7. Lowest fee listed: $1.70

    1. The lowest fee is Apple Cash, at 1.7% ($0.25 minimum) (capped at $25.00)

      $1.70
    2. Take the fee off the amount to see what reaches you

      $100.00−$1.70=$98.30
  8. 8. Lowest fee listed: $2.48

    1. The lowest fee is Stripe card reader, at 2.7% + $0.05

      $2.48
    2. Take the fee off the amount to see what reaches you

      $90.00−$2.48=$87.52
  9. 9. Lowest fee listed: $2.48

    1. The lowest fee is Venmo business profile, at 1.9% + $0.10

      $2.48
    2. Take the fee off the amount to see what reaches you

      $125.00−$2.48=$122.52
  10. 10. Lowest fee listed: $2.38

    1. The lowest fee is Apple Cash, at 1.7% ($0.25 minimum) (capped at $25.00)

      $2.38
    2. Take the fee off the amount to see what reaches you

      $140.00−$2.38=$137.62