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Funding report

The type of funding report you receive is dependent on your solution's pricing model, which can be either Multi merchant Discount Rate (Multi MDR) or Interchange Plus Plus (IC++):

Multi merchant Discount Rate (Multi MDR)

With the Multi MDR pricing model you are charged 4 fixed rates in 2 dimensions.

  • Card type:

    • Debit card
    • Credit card

  • Issuer location:

    • Domestic
    • International

In this model, the breakdown of the interchange fee, card scheme fees and acquirer fee are not specified. Instead, the different types of fees are blended in an average acquirer fee i.e. the MDR amount.

With the Multi MDR pricing model, you will as a reseller client, enterprise and marketplace receive a Standard funding report for all your enabled payment methods.

Interchange Plus Plus (IC++)

In the IC++ pricing model you will receive a detailed breakdown of the different types of fees i.e.

  • The interchange fee that goes to the issuing bank
  • The different types of card scheme fees that go to the schemes for using their network
  • The acquiring fee that goes to the acquirer for acquiring the funds from the cardholder (reflected as a lower MDR amount, as it no longer needs to cover the two other fee types)

In this model you pay the exact fees that were charged by the issuer, card scheme and acquirer.

With the IC++ pricing model you will as a reseller client, enterprise and marketplace receive an IC++ funding report. In this report all card payment methods, which are subject to IC++ are priced based on a detailed breakdown, which specifies the interchange fee, card scheme fees and acquirer fee. In case you have enabled payment methods (e-wallets, online banking, etc.), that are not subject to IC++, then these are included in the same report, although they are charged based on the Multi merchant Discount Rates.

Both funding report types are generated and delivered daily (provided funding has occurred to an enterprise's or marketplace's bank account, or in the case of a reseller client, to one or more of their merchants' associated bank accounts). See the Funding section of the documentation for more details on the settlement and funding process/timeline. The funding report provides a detailed view of all funded transactions. The purpose of the funding report is to help enable the reconciliation of funded transactions with the associated funding made available via an enterprise's, marketplace's or merchant of a reseller client's bank account.

The funding report is available in 2 types:

  • Standard funding report
  • IC++ funding report

Standard funding report​

This report is provided to reseller clients, enterprises and marketplaces that have selected a Multi MDR (Multi-merchant Discount Rate) pricing model for all enabled payment methods.

The report provides:

  • Detailed daily transaction information for all payment methods (i.e., the data that is provided in the Transaction report), grouped by
  • The associated funding amounts (i.e., the amount that is sent to an enterprise's, marketplace's or merchant of a reseller client's bank account, minus any applicable fees and taxes have been deducted -- see the Funding section for more information on the funding process), and,
  • The date the funding occurred as well as,
  • The associated funding ID.

The Standard funding report is provided in a comma-separated values (.CSV) file format and are delivered through Secure File Transfer Protocol (SFTP) folder. The file is formatted in such a way that reseller clients, enterprises and marketplaces can automate the processing of the report data into their existing systems.

The .csv version of the Standard funding report is formatted with the file name:

  • For enterprises and marketplaces: daily_funding_report_<AccountID><PayOutWalletID><yyyymmddhhmmss>.csv
  • For reseller clients: daily_funding_report_<PartnerID><AccountID><PayOutWalletID>_<yyyymmddhhmmss>.csv

Data from the Transaction report is available via API. See the Retrieve payments section of our API documentation under Get all transactions and Get transaction by ID for more details.

IC++ funding report​

This report is provided to reseller clients, enterprises and marketplaces that have selected an IC++ pricing model. In this report all card payment methods, which are subject to IC++ (Interchange ++) are priced based on a detailed breakdown, which specifies the interchange fee, scheme fees and acquirer fee. In case you have enabled payment methods (e-wallets, online banking, etc.), that are not subject to IC++, then these are included in the same report, although they are charged based on fixed MDR rates.

The report provides:

  • Detailed daily transaction information for all payment methods (i.e., the data that is provided in the Transaction report), grouped by
  • The associated funding amounts (i.e., the amount that is sent to an enterprise's, marketplace's or merchant of a reseller client's bank account, minus any applicable fees and taxes have been deducted -- see the Funding section for more information on the funding process), and,
  • The date the funding occurred as well as,
  • The associated funding ID,
  • And, for the applicable funded card transactions, IC++ fee data

The IC++ funding report is available in 2 formats:

  1. Comma-separated values (.CSV) file format
  2. JavaScript Object Notation (.JSON) file format

Both are delivered through Secure File Transfer Protocol (SFTP) folder.

Note: The .CSV version of the file can be subject to change (i.e., additional data columns may be added without warning) should the card scheme introduce new fee types. It is therefore mainly intended for human consumption and should not be used to automate the processing of report data into existing systems. If you wish to ingest data from the IC++ funding report into your existing systems, we recommend utilizing the .json format or integrating with our Reporting API. See the Retrieve payments section of our API documentation under Get all transactions and Get transaction by ID for more details.

The .csv version of the IC++ funding report is formatted with the file name:

  • For enterprises and marketplaces: daily_icpp_funding_report_<AccountID><PayOutWalletID><yyyymmddhhmmss>.csv
  • For reseller clients: daily_icpp_funding_report_<PartnerID><AccountID><PayOutWalletID>_<yyyymmddhhmmss>.csv

The .json version of the IC++ funding report is formatted with the file name:

  • For enterprises and marketplaces: daily_icpp_funding_report_<AccountID><PayOutWalletID><yyyymmddhhmmss>.json
  • For reseller clients: daily_icpp_funding_report_<PartnerID><AccountID><PayOutWalletID>_<yyyymmddhhmmss>.json

Data from the IC++ funding report is also available via API. See the Retrieve payments section of our API documentation under Get all transactions and Get transaction by ID for more details.

Funding ID​

As explained in the Funding section, once funds have settled with NomuPay, they are subsequently funded to a (enterprise's, marketplace's or merchant of a reseller's) Unified Balance, before being auto-transferred to an associated bank account (bank account details are provided during the onboarding process). When this happens, the uP Platform will annotate this transfer using a unique identifier, called the Funding ID. This funding ID is what can be used by the bank account owner to identify and reconcile a transfer on their bank account statement. Each transaction that has been fully executed (i.e., funds have been sent to a bank account for said transaction) will have a funding ID assigned to it in the "Funding ID" column of the report. Multiple transactions can be grouped into a single funding ID; this simply means that the funds from each of these transactions were "funded" to the bank account in the same transfer. Therefore, it is recommended that the bank account owner use the Funding ID to reconcile deposits into their bank account with the transactions displayed in the funding report.  

A funding report is triggered per confirmed bank transfer to an associated bank account (i.e., per funding ID). By default, NomuPay only permits enterprises, marketplaces and merchants of a reseller to have 1 associated bank account per legal entity country.

note
  • Reseller clients will receive individual funding Reports for each of the merchants that they have onboarded to the uP Platform provided a funding event has occurred. Each report will contain said merchant's transactions and associated funding data for a given funding ID (for example, if you have onboarded 50 merchants as a reseller client, and they have transaction activity that triggers funding daily, you will receive 50 unique funding Reports per day -- 1 per merchant and their associated funding ID).
  • Enterprises and marketplaces will receive 1 funding report following a funding event, which will contain all of their transactions and associated funding data for a given funding ID.