Handbook of Business Procedures
Web Credit Card Cost Worksheet
Fields labeled with next to them may require information from you, if applicable, from your department. All other fields will be auto-calculated. After completing this form, print it and attach it to your request for a merchant account.
Since much of the information requested must be estimated, departments are not expected to meet the exact business costs and profits entered. The purpose of filling out this form is to help departments learn about the costs associated with starting and maintaining an online business, as well as documentation for Internal Audit and the Controller's Office that such costs have been considered by the department.
Step 1. Calculate average gross sales for 1 month
Enter the average number of web credit card transactions you expect your business to process in one month, as well as the average amount per transaction and the percentage of sales tax to be charged per transaction (if any). Gross sales receipts will be calculated automatically.