diff --git a/CHANGELOG_PENDING.md b/CHANGELOG_PENDING.md
index a7600f8fc9..bcd91dc3e3 100644
--- a/CHANGELOG_PENDING.md
+++ b/CHANGELOG_PENDING.md
@@ -6,6 +6,8 @@
 
 #### General
 
+- \#1848 Use fee cut instead of fee share for user facing language in the CLI (@kyriediculous)
+
 #### Broadcaster
 
 #### Orchestrator
diff --git a/cmd/livepeer_cli/wizard_bond.go b/cmd/livepeer_cli/wizard_bond.go
index 3bc276a78b..dcb7938aac 100644
--- a/cmd/livepeer_cli/wizard_bond.go
+++ b/cmd/livepeer_cli/wizard_bond.go
@@ -34,8 +34,7 @@ func (w *wizard) registeredOrchestratorStats() map[int]common.Address {
 	fmt.Println("+------------------------+")
 
 	table := tablewriter.NewWriter(os.Stdout)
-	table.SetHeader([]string{"ID", "Address", "Active", "Delegated Stake", "Reward Cut (%)", "Fee Share (%)", "Service URI", "Price Per Pixel"})
-
+	table.SetHeader([]string{"ID", "Address", "Active", "Delegated Stake", "Reward Cut (%)", "Fee Cut (%)", "Service URI", "Price Per Pixel"})
 	for _, t := range orchestrators {
 		table.Append([]string{
 			strconv.FormatInt(int64(nextId), 10),
@@ -43,7 +42,7 @@ func (w *wizard) registeredOrchestratorStats() map[int]common.Address {
 			strconv.FormatBool(t.Active),
 			eth.FormatUnits(t.DelegatedStake, "LPT"),
 			eth.FormatPerc(t.RewardCut),
-			eth.FormatPerc(t.FeeShare),
+			feeShareToFeeCutString(t.FeeShare),
 			t.ServiceURI,
 			t.PricePerPixel.FloatString(3),
 		})
diff --git a/cmd/livepeer_cli/wizard_stats.go b/cmd/livepeer_cli/wizard_stats.go
index 05829cb0da..cc8075f842 100644
--- a/cmd/livepeer_cli/wizard_stats.go
+++ b/cmd/livepeer_cli/wizard_stats.go
@@ -205,7 +205,7 @@ func (w *wizard) orchestratorStats() {
 		{"Service URI", t.ServiceURI},
 		{"Delegated Stake", eth.FormatUnits(t.DelegatedStake, "LPT")},
 		{"Reward Cut (%)", eth.FormatPerc(t.RewardCut)},
-		{"Fee Share (%)", eth.FormatPerc(t.FeeShare)},
+		{"Fee Cut (%)", feeShareToFeeCutString(t.FeeShare)},
 		{"Last Reward Round", t.LastRewardRound.String()},
 		{"Base price per pixel", fmt.Sprintf("%v wei / %v pixels", priceInfo.Num(), priceInfo.Denom())},
 	}
diff --git a/cmd/livepeer_cli/wizard_transcoder.go b/cmd/livepeer_cli/wizard_transcoder.go
index 892c8e513d..3200d75137 100644
--- a/cmd/livepeer_cli/wizard_transcoder.go
+++ b/cmd/livepeer_cli/wizard_transcoder.go
@@ -18,6 +18,11 @@ import (
 
 const defaultRPCPort = "8935"
 
+const defaultRewardCut = float64(10)
+const defaultFeeCut = float64(95)
+
+const HUNDRED_PERCENT = float64(100)
+
 func (w *wizard) isOrchestrator() bool {
 	isT := httpGet(fmt.Sprintf("http://%v:%v/IsOrchestrator", w.host, w.httpPort))
 	return isT == "true"
@@ -41,7 +46,7 @@ func (w *wizard) promptOrchestratorConfig() (float64, float64, int, int, string)
 
 	orch, _, err := w.getOrchestratorInfo()
 	if err != nil || orch == nil {
-		fmt.Println("unable to get current reward cut and fee share")
+		fmt.Println("unable to get current reward cut and fee cut")
 		blockRewardCut = 0
 		feeShare = 0
 	} else {
@@ -49,11 +54,13 @@ func (w *wizard) promptOrchestratorConfig() (float64, float64, int, int, string)
 		feeShare = eth.ToPerc(orch.FeeShare)
 	}
 
-	fmt.Printf("Enter block reward cut percentage (current=%v default=10) - ", blockRewardCut)
+	feeCut := HUNDRED_PERCENT - feeShare
+
+	fmt.Printf("Enter block reward cut percentage (current=%v default=%v) - ", blockRewardCut, defaultRewardCut)
 	blockRewardCut = w.readDefaultFloat(blockRewardCut)
 
-	fmt.Printf("Enter fee share percentage (current=%v default=5) - ", feeShare)
-	feeShare = w.readDefaultFloat(feeShare)
+	fmt.Printf("Enter fee cut percentage (current=%v default=%v) - ", feeCut, defaultFeeCut)
+	feeCut = w.readDefaultFloat(feeCut)
 
 	fmt.Println("Enter a transcoding base price in wei per pixels")
 	fmt.Println("eg. 1 wei / 10 pixels = 0,1 wei per pixel")
@@ -268,3 +275,7 @@ func (w *wizard) showVoteChoices() {
 	}
 	wtr.Flush()
 }
+
+func feeShareToFeeCutString(feeShare *big.Int) string {
+	return eth.FormatPerc(new(big.Int).Sub(eth.FromPerc(HUNDRED_PERCENT), feeShare))
+}