3 percent fee calculator

To keep $1,000.00 after a 3% fee, charge $1,030.93: $1,000.00 ÷ 0.97. Adding 3% ($1,030.00) leaves you $999.10.

Your payment

A 3% fee: 3%.

Invoice$1,030.93to receive $1,000.00
  • Fees on this payment$30.93
  • You receive$1,000.00
  • Fees as a share of the invoice3.00%

The numbers, worked

A 3% fee is taken from the whole amount charged. Charge $1,030.00 and the fee is $30.90, so $999.10 lands.

Dividing by 0.97 instead: $1,000.00 ÷ 0.97 = $1,030.93. Three percent of that is $30.93, which leaves exactly $1,000.00.

For any percent, divide by (1 − percent as a decimal). If the fee also has a fixed part, add it first; the fixed fee field does that.

The percent is whatever your fee is; type your own. Grossup is arithmetic, not tax, legal or financial advice.

Questions

Why isn't adding 3% enough?

Because the 3% is taken from the larger amount, including the 3% you added. The shortfall is 3% of the 3%.

What is the shortcut for 3%?

Divide by 0.97. For 2.5%, divide by 0.975; for 3.5%, by 0.965.

Does this work for a card fee with $0.30?

Yes. Type 0.30 in Fixed fee, or use the Stripe fee page, which fills in 2.9% + $0.30.