How to read the Payment fees report
Reconcile payment fees charged and perform end of period adjustments.
This report provides a summary of interchange and processing fees associated with payments at a company, payout account and site.
Filters
To customise the dashboard to your needs, use the following filters:
Field Name | Description |
---|---|
Company | Merchant company as defined in your Wpay account hierarchy. |
Payout account | Merchant payout account as defined in your Wpay account hierarchy. |
Site ID and name | Merchant site ID and name as defined in your Wpay account hierarchy. |
Card type | The payment card type, e.g. Debit, Credit, Alternative Payment Methods (APM). |
Scheme | The payment scheme, e.g. Visa, Mastercard, Alipay etc. |
Store listing date range | The date range applicable to the store listing table. The listing table can be updated to reflect a total period of 6 months. |
Toggles
You can further tailor the dashboard using the following toggles:
Toggle Name | Description |
---|---|
Timeframe | Choose between a daily, weekly or monthly selection for the dashboard data. |
Calendar type | Select either a regular calendar month (with varying days) or a retail month (following a 4-5-4 calendar) for comparability between periods. |
Glance statistics
At the top of the page, you will find key metrics for easy access.
Metric | Description |
---|---|
Current period | This reflects the reporting period based on the user-selected toggles |
Interchange fees | The interchange fee amount charged to the account in the current period.* |
Processing fees | The processing fee amount charged to the account in the current period.* |
Scheme fees | The scheme fee amount charged to the account in the current period.* |
Total fee amount | The combination of the interchange fees and processing fees charged to the account in the current period.* |
*The interchange fee, processing fee, scheme fee and total fee amounts charged are estimated for the last 3 full days in the current period.
Payment fees overview
The payment fees overview chart provides historical data on interchange, processing, and scheme fee amounts. Additionally, it shows the trends for respective interchange, processing, and scheme fee rates. These rates are calculated by dividing the total fee amount by the total number of transactions.
Payment fee breakdown by store
This section provides a detailed summary of fee amounts charged to the account at each of your sites. Interchange, processing, scheme, and total fee amounts are provided per site based on the selected store listing date range.
Updated about 2 months ago