Let X be the amount to charge cardholder before MDR=2.9%=0.029 and $0.25 transaction fee
X-(0.029X-$0.25)=$1000
X-0.029X+$0.25=$1000
0.971X=997.75
X=1029.608651
Amount to charge customer :$1029.61
How much should i charge my customer in order to be able to withdraw $1000 from Smoovpay? Print
Modified on: Wed, 11 Mar, 2015 at 6:41 PM
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