We are sure that all the above questions are common for all companies and every year the complication of finding the answers becomes even more difficult. With the use of Payment Service providers from all over the globe, each one having a different charging method and especially with the foreign currencies involved, makes the whole evaluation process unbearable.

We have MDR fees, transaction fees, minimum fee, VAT are just some of the methods that PSP charge.

Receiving money in one currency and paying clients in another, creates an FX exposure with FX cost or revenue.

Settling funds from PSPs to local banks creates another FX burden.

With MRS you can have at any time all these costs analysed allowing you to have a clear picture and take appropriate actions.

MRS allows you to input all your PSP agreements (figure 1) and our PSP charges calculator (figure 2) will calculate for you what the actual charge should have been and compare with the actual charge.

MRS is connected with the European central bank and updated daily with exchange rates. You can also upload your own rates into MRS. This allows MRS to match transactions of different currencies.

On implementation, we add a tolerance level (as per your request) that will automatically match items with that will have a profit or a loss within this tolerance. All the rest of the items will be left open for manual matching. Any FX profit and loss is calculated on all items, either automatically or manually matched.

Having a profit or a loss because of FX is not a problem as long as you can calculate, evaluate and be in a position to take any actions if needed.

No more balancing figures and assumptions, any FX profit or loss coming from deposits, withdrawals, transfers, and settlements is analysed and calculated, allowing you to act.