AfterPay Fee Calculator
Afterpay Merchant Fee Calculator
Calculate the transaction fees and exact net payout for offering Afterpay (or Clearpay) to your customers.
An Afterpay Merchant Fee Calculator is a useful tool for businesses that accept Afterpay payments and want to estimate how much they will pay in merchant fees and how much they will receive from each transaction.
Unlike fees that may apply to customers, Afterpay merchant fees are charged to businesses for processing Afterpay transactions. The merchant fee can generally include a fixed fee and a percentage of the transaction amount. The exact pricing depends on the merchant’s agreement, market, and transaction type.
How Afterpay Merchant Fees Work
When a customer makes a purchase using Afterpay, the merchant receives the sale proceeds according to the applicable settlement arrangement, while Afterpay charges the business the agreed merchant fee.
For example, if a customer purchases a product for $500, the merchant may receive the transaction amount minus the applicable Afterpay fee. The actual settlement and timing can depend on the merchant’s agreement and whether the purchase is made online or in-store.
How to Calculate the Afterpay Merchant Fee
A basic Afterpay Merchant Fee Calculator can use the following formulas:
Merchant Fee = Fixed Fee + (Transaction Amount × Percentage Fee)
Net Merchant Amount = Transaction Amount − Merchant Fee
Example
Suppose a business processes a $500 Afterpay transaction with a hypothetical:
- Percentage fee: 5%
- Fixed fee: $0.30
The calculation would be:
Percentage Fee = $500 × 5% = $25
Total Merchant Fee = $25 + $0.30 = $25.30
Net Merchant Amount = $500 − $25.30 = $474.70
The estimated merchant fee would therefore be $25.30, leaving the business with approximately $474.70 before considering other applicable costs.
This is an example for demonstrating the calculation method only. Actual Afterpay merchant rates vary according to the business’s agreement.
Example of Different Transaction Amounts
Using the same hypothetical 5% fee + $0.30 fixed fee:
| Sale Amount | Percentage Fee | Fixed Fee | Total Merchant Fee | Net Amount |
|---|---|---|---|---|
| $100 | $5.00 | $0.30 | $5.30 | $94.70 |
| $250 | $12.50 | $0.30 | $12.80 | $237.20 |
| $500 | $25.00 | $0.30 | $25.30 | $474.70 |
| $1,000 | $50.00 | $0.30 | $50.30 | $949.70 |
These figures are illustrative and should not be considered standard Afterpay pricing.
What Information Does the Calculator Need?
An Afterpay Merchant Fee Calculator may require:
- Transaction amount
- Percentage fee
- Fixed transaction fee
- Transaction type, such as online or in-store
- Applicable taxes or other charges
- Refunds or transaction adjustments, where relevant
Using the actual fee structure from the merchant’s agreement will produce a more accurate estimate.
Are Afterpay Merchant Fees the Same for Every Business?
No. Afterpay merchant fees can vary between businesses. Factors such as the merchant’s agreement, country, transaction channel, and type of transaction can affect the applicable charges.
For this reason, a good calculator should allow merchants to enter their own percentage and fixed fees rather than relying on a universal Afterpay rate.
Merchant Fees vs. Customer Fees
Merchant fees should not be confused with customer charges.
With standard Pay in 4 purchases, eligible customers generally divide their purchase into four payments. Customers can generally avoid interest on standard Pay in 4 purchases when payments are made on time. Depending on the transaction and market, certain finance or late fees may apply.
The merchant fee is a separate cost paid by the business for accepting Afterpay.