Square Fee worksheet

1. Amount to request: $143.89

1. The fee is also charged on whatever you add to cover it. So divide by the share you keep, not just add the fee

   $\frac{\left(\mathrm{\$140.00}+\mathrm{\$0.15}\right)}{\left(\mathrm{100\%}-\mathrm{2.6\%}\right)}$$=\mathrm{\$143.89}$

2. Check it: the fee on the rounded amount leaves you this much

   $\mathrm{\$143.89}-\mathrm{\$3.89}$$=\mathrm{\$140.00}$

3. So this is the lowest whole-cent amount to request

   $\mathrm{\$140.00}+\mathrm{\$3.89}$$=\mathrm{\$143.89}$

2. Amount to request: $121.21

1. The fee is also charged on whatever you add to cover it. So divide by the share you keep, not just add the fee

   $\frac{\left(\mathrm{\$120.00}+\mathrm{\$0.00}\right)}{\left(\mathrm{100\%}-\mathrm{1\%}\right)}$$=\mathrm{\$121.21}$

2. Check it: the fee on the rounded amount leaves you this much

   $\mathrm{\$121.21}-\mathrm{\$1.21}$$=\mathrm{\$120.00}$

3. So this is the lowest whole-cent amount to request

   $\mathrm{\$120.00}+\mathrm{\$1.21}$$=\mathrm{\$121.21}$

3. Square fee: $2.94

1. Square takes a percentage of the whole payment

   $\mathrm{\$80.00}\times \mathrm{3.3\%}$$=\mathrm{\$2.64}$

2. The fee is that percentage plus any fixed fee, rounded to the nearest cent

   $\mathrm{\$2.64}+\mathrm{\$0.30}$$=\mathrm{\$2.94}$

3. Take the fee off the payment to see what reaches you

   $\mathrm{\$80.00}-\mathrm{\$2.94}$$=\mathrm{\$77.06}$

4. Square fee: $1.00

1. Square takes a percentage of the whole payment

   $\mathrm{\$68.00}\times \mathrm{1\%}$$=\mathrm{\$0.68}$

2. That's under the minimum for this payment type, so the fee is the limit instead

   $\mathrm{\$1.00}$

3. Take the fee off the payment to see what reaches you

   $\mathrm{\$68.00}-\mathrm{\$1.00}$$=\mathrm{\$67.00}$

5. Amount to request: $91.00

1. The fee is at its minimum or cap here, so it's a set amount you can simply add

   $\mathrm{\$90.00}+\mathrm{\$1.00}$$=\mathrm{\$91.00}$

2. Check it: the fee on the rounded amount leaves you this much

   $\mathrm{\$91.00}-\mathrm{\$1.00}$$=\mathrm{\$90.00}$

3. So this is the lowest whole-cent amount to request

   $\mathrm{\$90.00}+\mathrm{\$1.00}$$=\mathrm{\$91.00}$

6. Amount to request: $123.23

1. The fee is also charged on whatever you add to cover it. So divide by the share you keep, not just add the fee

   $\frac{\left(\mathrm{\$120.00}+\mathrm{\$0.15}\right)}{\left(\mathrm{100\%}-\mathrm{2.5\%}\right)}$$=\mathrm{\$123.23}$

2. Check it: the fee on the rounded amount leaves you this much

   $\mathrm{\$123.23}-\mathrm{\$3.23}$$=\mathrm{\$120.00}$

3. So this is the lowest whole-cent amount to request

   $\mathrm{\$120.00}+\mathrm{\$3.23}$$=\mathrm{\$123.23}$

7. Square fee: $1.00

1. Square takes a percentage of the whole payment

   $\mathrm{\$80.00}\times \mathrm{1\%}$$=\mathrm{\$0.80}$

2. That's under the minimum for this payment type, so the fee is the limit instead

   $\mathrm{\$1.00}$

3. Take the fee off the payment to see what reaches you

   $\mathrm{\$80.00}-\mathrm{\$1.00}$$=\mathrm{\$79.00}$

8. Square fee: $1.00

1. Square takes a percentage of the whole payment

   $\mathrm{\$82.00}\times \mathrm{1\%}$$=\mathrm{\$0.82}$

2. That's under the minimum for this payment type, so the fee is the limit instead

   $\mathrm{\$1.00}$

3. Take the fee off the payment to see what reaches you

   $\mathrm{\$82.00}-\mathrm{\$1.00}$$=\mathrm{\$81.00}$

9. Amount to request: $121.21

1. The fee is also charged on whatever you add to cover it. So divide by the share you keep, not just add the fee

   $\frac{\left(\mathrm{\$120.00}+\mathrm{\$0.00}\right)}{\left(\mathrm{100\%}-\mathrm{1\%}\right)}$$=\mathrm{\$121.21}$

2. Check it: the fee on the rounded amount leaves you this much

   $\mathrm{\$121.21}-\mathrm{\$1.21}$$=\mathrm{\$120.00}$

3. So this is the lowest whole-cent amount to request

   $\mathrm{\$120.00}+\mathrm{\$1.21}$$=\mathrm{\$121.21}$

10. Square fee: $1.40

1. Square takes a percentage of the whole payment

   $\mathrm{\$140.00}\times \mathrm{1\%}$$=\mathrm{\$1.40}$

2. The fee is that percentage plus any fixed fee, rounded to the nearest cent

   $\mathrm{\$1.40}+\mathrm{\$0.00}$$=\mathrm{\$1.40}$

3. Take the fee off the payment to see what reaches you

   $\mathrm{\$140.00}-\mathrm{\$1.40}$$=\mathrm{\$138.60}$