What is Recivr?
Recivr functions as an advanced platform for the instant calculation of card processing fees and cost intelligence, serving as the "intelligence layer" within payment systems, which allows businesses to understand, predict, and improve their card transaction costs. Featuring a fast and reliable API, it provides accurate tier-based interchange and scheme fees for major networks such as Visa, Mastercard, and Amex, leveraging up-to-date logic that caters to the specific details of each transaction, thereby enabling developers and finance teams to fully understand the fee structure before implementation. In addition to fee calculations, Recivr includes extensive transaction fee analytics, detailed insights on fees and invoices, evaluations of merchant profitability, cost-optimization tools, and a Scheme Fees Explorer that maps fees based on region, card type, and merchant category. Its intuitive dashboard and comprehensive reports reveal trends and identify opportunities for reducing expenses while improving pricing strategies. Furthermore, Recivr also supports users in benchmarking their costs against industry standards, fostering a more competitive edge in the marketplace. Ultimately, Recivr equips businesses with the necessary insights to make informed decisions that streamline payment processes and bolster overall financial success.
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