Payment Mix & Smart Routing

VeloMarket – $620M TPV

Blended CPT
$0.84
-11 bps
APM Share
22.4%
+3.2 pt QoQ
Routing Overrides
4.1%
-0.2 pt
L2/L3 Qual Rate
61.0%
+4.8 pt
BNPL Attach
8.3%
Margin -$2.14

Payment Volume by Method & Region

Credit Cards
North America
$243M
Digital Wallets
Global
$139M
BNPL
All
$51M
ACH
US
$37M
Debit Cards
Europe
$93M
Crypto
Beta
$19M
Local APMs
APAC + LatAm
$38M

Fee Waterfall – Blended CPT

Routing Override Trend

Payment Method Performance

Method Volume Auth Rate CPT Margin Share QoQ Δ
Visa Credit $182M 94.2% $0.91 2.14% 29.4% -1.2pt
Mastercard Credit $61M 93.8% $0.89 2.18% 9.8% -0.1pt
PayPal $86M 96.1% $1.12 1.89% 13.9% +3.2pt
Apple Pay $53M 97.3% $0.88 2.21% 8.5% +1.8pt
Debit $93M 95.4% $0.44 2.87% 15.0% +0.6pt
Klarna $28M 91.2% $2.34 -0.42% 4.5% +1.1pt
Affirm $23M 89.7% $2.61 -1.24% 3.7% +0.9pt
ACH $37M 92.8% $0.29 3.12% 6.0% -0.3pt

BNPL: Attach vs. Net Margin

Auth Rate by Order Value

Wallet Share

Processor Allocation

Mix Shift (QoQ)

Cards -1.4%
Wallets +3.2%
BNPL +1.8%
ACH -0.3%
Other +0.9%

Routing Simulation Panel

Projected CPT
$0.73
-11 bps
Auth Rate
92.9%
-0.6 pt
Net Impact
-$24K
per week
DECISION: Rolled back after 72 hours
Enterprise segment auth rate drop exceeded -0.5pt threshold. Cost savings insufficient to offset conversion loss.

Competitor CPT

VeloMarket $0.84
Industry Avg $0.97
Top Quartile $0.79
Best-in-Class $0.71
GAP TO BEST
13 bps
≈ $806K annual opportunity
Routing Rules: v2.14.3 deployed 2024-01-08
Last Fee Import: 2024-01-12 08:42 UTC
Data Freshness: Real-time (-4min lag)