See which merchants actually make you money
Every calculated fee keeps the dimensions of the transaction that produced it. So scheme cost rolls up by merchant, MCC, card product or region — and back down to the transactions behind any number.
- Cost expressed in basis points, so merchants of different shapes compare
- Portfolio-level fees attributed to the volume that actually drove them
- Fees on declines and reversals surfaced as the pure cost they are
Cost per merchant
- Northgate Retail541141.8 bps
- Kestrel Travel472234.2 bps
- Vantage Digital581722.6 bps
- Harbour Foods581219.4 bps
- Loop Mobility412112.1 bps
Portfolio blended
27.7 bps
€0.17 per approved txn
Priced below cost
2 merchants
€18.4k annualised leakage
A blended rate hides both ends. Two merchants sit 14 bps above the book average and are priced as if they were average.
Unit economics
Who is efficient, and who is quietly draining margin
A merchant doing high-value, low-count volume and one doing the opposite cannot be compared on totals. Expressed in basis points and cost per transaction, they can — and the merchants priced below what they cost you become obvious.
- Cost, revenue and margin per merchant on one basis
- Ranked leakage, so the repricing conversation has a shortlist
- Drill from any aggregate to the transactions underneath it
Which transactions attract fees
- Consumer · ECOM205,076 txns19.56 bps
- Commercial · ECOM8,523 txns19.77 bps
- Consumer · POS62,410 txns11.20 bps
- Unknown · ECOM24 txns5.06 bps
Commercial cards are a small share of volume and a large share of cost. Per-transaction fees only — fixed fees are amortised and cannot be attributed to a segment.
Composition
What is driving the number, not just what the number is
Interchange behaves differently from scheme fees, and commercial cards behave differently from consumer debit. Analytics separates the parts so a movement in your effective rate has an explanation attached to it.
- Rate movement compared period over period, not just totals
- Interchange split by scheme, region and card product
- The costliest fees by share of spend, ranked
Interchange per day
Interchange
€175.6k
on €23.97M volume
Effective rate
0.733%
73.3 bps
Per transaction
€0.4525
388,025 txns
Commercial cards are 3% of volume but 5% of interchange — they price at 1.050% against 0.721% for everything else.
Dimensions
Slice cost by anything the transaction carried.
No pre-aggregation to choose in advance and regret later.
Merchant and entity
By merchant, MID, entity or licence — with portfolio-level fees allocated back down.
Card product
Consumer or commercial, debit or credit, by product name and funding source.
Geography
Issuer country, merchant country, and the intra, inter-regional and domestic rate sets.
MCC and entry mode
Where the qualification criteria bite, and what a change to them would be worth.
Fee identifier
Down to the individual scheme fee code, its rate basis and its share of spend.
Time
Daily, per cycle or per period, with the comparison done on rate rather than total.
Every slice, from one screen
Merchant economics, interchange composition and reconciliation status — pulled from the same priced transaction data, so the three views can't quietly disagree with each other.
Blended fee rate
27.7 bps
Per approved txn
€0.17
1 bp is worth
€1,336
Fees on nothing
€42
Cost per merchant
- Northgate Retail541141.8 bps
- Kestrel Travel472234.2 bps
- Vantage Digital581722.6 bps
- Harbour Foods581219.4 bps
- Loop Mobility412112.1 bps
Portfolio blended
27.7 bps
€0.17 per approved txn
Priced below cost
2 merchants
€18.4k annualised leakage
A blended rate hides both ends. Two merchants sit 14 bps above the book average and are priced as if they were average.
Interchange per day
Interchange
€175.6k
on €23.97M volume
Effective rate
0.733%
73.3 bps
Per transaction
€0.4525
388,025 txns
Commercial cards are 3% of volume but 5% of interchange — they price at 1.050% against 0.721% for everything else.
Insights
The findings worth acting on, already ranked.
Surfaced before you think to ask.
Merchants priced below cost
Ranked by the margin they lose you, with the transactions behind each one.
Why your effective rate moved
A change in cost explained by the fees, card mix and regions that drove it.
Fees on nothing
Fees charged on declines and reversals, shown as the pure cost they are.
The fees worth negotiating
Your costliest fees ranked by share of spend and what one basis point of movement is worth.
Invoice lines that do not add up
Billing lines that differ from calculated fees, with a probable cause attached.
Why basis points
Because totals lie and rates do not
A busier period costs more without any price having changed. A bigger merchant costs more without being any worse. Comparing totals tells you which numbers are large, not which ones are wrong.
Basis points normalise for volume, so a 2 bp drift across a portfolio is visible at the moment it starts rather than at the end of the quarter — and so is exactly which segment it came from.
1 bp = 0.01% of volume. At €480M a year that is roughly €48,000 — which is why a drift nobody can explain is worth explaining.
FAQ
Analytics questions
How do you express cost so it can be compared?
In basis points of processed volume, alongside cost per transaction and absolute spend. A merchant doing high-value, low-count volume and one doing the opposite cannot be compared on totals — bps and cost per transaction make them comparable, and make it obvious which merchants are priced above cost and which are draining margin.
Can we see cost per merchant, per MCC or per card product?
Yes. Every calculated fee keeps the dimensions of the transaction that produced it, so cost rolls up by merchant, MCC, card product, funding source, region, entry mode, issuer country or scheme — and back down to the individual transactions behind any number.
How are fees billed at portfolio level attributed to merchants?
Fees the schemes bill at ICA or BID level are allocated back to the volume that actually drove them, rather than divided by a flat divisor. That is the difference between a blended rate that overcharges some merchants and underprices others, and true IC++ economics per merchant.
Does it show fees on transactions that earned nothing?
Yes. Declines, reversals and failed authorizations still attract per-transaction scheme fees. Recivr surfaces that spend separately, because it is pure cost with no revenue attached and it is usually the cheapest thing in the portfolio to fix.
The rest of the platform
One engine, several surfaces.
Every product below runs off the same priced transaction events.
Real-time cost engine
Interchange and every scheme fee calculated in under 50 ms, at authorization, capture, refund and chargeback.
Pricing management
Set how each merchant is priced by region, card type, amount and currency, and see the margin on every transaction.
Invoice reconciliation
Visa and Mastercard invoices matched line by line against calculated fees, with every difference traced to its rule.
Interchange reconciliation
The schemes' own clearing reports reconciled against your transactions, with a daily deviation in basis points.
Rule change monitoring
Visa and Mastercard releases and bulletins mapped in with effective dates, so you see what each change costs before it is billed.
Find out what your portfolio actually costs
Send a period of traffic and we will return cost per merchant in basis points, ranked, with the transactions behind every number.