How do I turn a transaction fee into basis points for merchant services? Let's say i have
1000 transactions
$25.00 avg ticket
150 bps per transaction +
$0.25 transaction fee
How do I find the total paid in BPS?
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1 basis point = 0.01%. – achille hui Aug 19 '16 at 03:38
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Thank you, but that isn't what I was asking. I am asking how to turn the $0.25 into basis points to add to the 150 bps for a total bps paid. – Jared Ashcraft Aug 19 '16 at 03:43
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$0.25/25.00=.01=100$ BPS. Therefore, the total equivalent BPS is $150+100=250$. – Mark Viola Aug 19 '16 at 03:47
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thank you so much for the prompt response – Jared Ashcraft Aug 19 '16 at 03:50