Who pays whom

LiveUpdated September 14, 2026

Halvern Robotics’ procurement agent buys $77.04 of office supplies at Ream & Rule. The card is a single-use commercial virtual card on Halvern’s own Stripe Issuing account, and Ream & Rule takes the payment on Stripe at its standard pricing. This page follows the $77.04 through every party. Every rate is a public list price, and every figure other than the order itself is an estimate.

The order

Halvern’s policy lets the agent spend up to $500 a payment and $2,000 a month and asks a person above $150, so this order is allowed without an approval. Enruta issues a mandate and a single-use card capped at $77.04, and answers the card’s real-time authorization against the mandate. The card is assumed to be Visa business credit, card not present, at the lowest spend tier, because the tier follows the cardholder’s yearly spend and a single-use card spends little.

Every movement of money

Check: $74.51 + $2.14 + $0.13 + $0.26 = $77.04. The issuing bank shares its interchange with the card program by contract. Stripe does not publish the share, and shares only past a volume threshold, so on standard pricing Halvern receives none of it.

What each party pays and earns

A return of $19.98

Two packs of notebooks arrive damaged, and Ream & Rule refunds 2 × $9.99 = $19.98 to the original card. Shipping is refunded only with the whole order.

• Halvern gets the $19.98 back, although the single-use card is already closed. The $0.10 card fee is not refunded.
• Ream & Rule pays no fee to refund, but Stripe does not return the original $2.53, so the $57.06 it keeps carries the whole fee, 4.43 %.
• The issuing bank pays about $0.47 of interchange back to Stripe, at Visa’s refund rate for business cards (2.35 % × $19.98). On bundled pricing Stripe keeps it; processors commonly do (secondhand).
• Enruta adds and refunds nothing: a return is neither a new mandate nor a new agent order. Under Halvern’s policy the $19.98 goes back into the monthly allowance, which is a limit, not money.

Network fees on the refund are not counted. Had the purchase been disputed instead, Stripe would charge Ream & Rule $15 when the dispute arrives and $15 more to counter it by hand, returned if won; Enruta’s dispute packet is $5 beyond the plan’s allowance.

The same order on a consumer’s credit card

A person’s own agent buys the same basket with the person’s Visa consumer credit card without rewards. Interchange is 1.89 % × $77.04 + $0.10 = $1.56 (Visa, 2026-04-18 edition). Ream & Rule still pays Stripe $2.53 and receives $74.51, and Stripe keeps about $0.84. The person pays the card bill; the agent’s developer pays Enruta for the mandate ($0 to $0.05); the person pays Enruta nothing. How the credential reaches the merchant, a single-use card, a network token or a Stripe Shared Payment Token, does not change the interchange.

How the card changes the split

On Stripe’s standard pricing the merchant pays $2.53 whatever the card. What changes is how that fee divides.

A negative figure is what list prices give: on bundled pricing the acquirer, not the merchant, absorbs a higher card level. “Kept by Stripe” is list-price arithmetic before Stripe’s own costs and any network incentives, not its profit.

The same order on other PSPs

Large merchants negotiate prices that are not public; these are list prices.

What Enruta charges, and what it never does

• Per mandate on the agent side: 500 a month free, then $0.05, $0.03 or $0.02 above the Developer, Scale and Vendor allowances. A denial or a step-up is free.
• Per agent order on the merchant side: Accept is free; Storefront is $499 a month per domain with 25,000 agent orders.
• $5 per dispute packet beyond the allowance.
• Platforms pay by records, in volume.
• At list prices, the Developer overage and a fully used Storefront allowance come to about $0.07 on this order, invoiced monthly and never deducted from the $77.04. With only 1,000 agent orders a month, the Storefront price comes to about $0.50 an order.

Every payment has its own money split: GET /v0/payment-requests/{id}/economics, GET /v0/sellers/orders/{id}/economics or get_economics (Money split).

Sources