When you look through your Artful.ly settlements, it might seem like there's a discrepancy of a few cents.
This is because the 3.5% credit card processing fee is deducted and rounded off from each ticket, donation, or membership as it is sold rather than a 3.5% charge applied to a whole settlement. For certain dollar amounts, these rounding differences will appear as a discrepancy of a few cents.
You have a show where the tickets cost $55.
3.5% of a $55 ticket = $1.925, but that gets rounded to $1.93.
$55 gross - $1.93 = $53.07 Net
Now say you've sold 5 tickets...
If you multiply the whole settlement gross by the credit card percentage, you'll get...
$275 * 3.5% = $9.625, rounded to $9.63
$275 - $9.63 = $265.37 Net
The correct math is:
($55 - $1.93) * 5 = $265.35 Net