Net Payout Calculator

How it is calculated

The tool takes one percentage fee and one fixed deduction off a gross amount: deductions = gross × fee% / 100 + other, then net = gross − deductions. It also shows the net as a share of the gross, net / gross × 100. Gross and other deductions are in dollars and the fee is a percentage of the gross, not of what is left. The fee is applied once, to the full gross amount. Gross must be above zero; the fee and the fixed deduction may be 0 but cannot be blank or negative. If the deductions are larger than the gross, the net is shown as a negative number rather than stopping. For several fees, add the percentages together and the fixed amounts together first.

Common mistakes

• Entering the fee as a decimal. 0.10 is read as 0.10%, which would make the deductions almost nothing; type 10 for ten percent.
• Putting a percentage deduction in the fixed-deductions field, or a fixed fee in the percentage field. The first is per cent of the gross; the second is a dollar amount taken once.
• Compounding fees by hand. With a 3% processor fee and a 10% platform fee, the simple tool takes 13% of the gross, whereas some platforms take the second fee from what is left after the first. Check how your platform calculates.
• Forgetting that a fixed fee per transaction is charged on each payment. For several payments, either run each one or multiply the fixed fee by the count.
• Ignoring taxes. Net payout is the amount you receive before income tax, sales tax or VAT that you may owe.