Flatpay UK · Retention Analytics

Churn by channel,
and a deep dive on FS Canvas

Across the full book there are 162 churned merchants — excluding takeovers and now-active accounts, including fraud. This report focuses on the three highest-volume channels (114 of the 162), with a transcript-grounded deep dive on FS Canvas.

162total churns · excl. takeovers & active
114in the top 3 channels (45 / 27 / 42)

Value metric = expected annual TPV (£): the projected annual card volume captured at signup. Section totals sum these projections — several are round-number placeholders — so read them as an upper-bound indication of size, not realised volume.

How the coding changed

Old vs new churn-reason coding

One chart, grouped by reason, with the new coding on top and the old coding directly beneath it so each reason’s before/after is side by side. The new coding is shown as a share of the 162 churns (takeovers and active accounts excluded); the old coding keeps its own 109-churn base. Each label reads count then (% of churns). The old coding leaned on a broad “fraud / closed by acquirer” bucket and had no silent-churn category — the re-code splits that apart and surfaces silent churn and takeover.

NEW coding · 162 churnsOLD coding · 109 coded churnseach bar: count · % of churns

Number of reasons cited per churn

Multi-select — how many reasons each churn carries
NEW n = 162 churns
118
32
10
118 cite a single reason · 44 cite two or more
OLD n = 109 churns
70
22
13
70 cite a single reason · 39 cite two or more
1 reason2 reasons3 reasons4+ reasons
Fraud· involuntarywas ‘fraud / closed by acquirer’
NEW
40 (25%)
OLD
35 (32%)
Overpromised / Missing features
NEW
29 (18%)
OLD
28 (26%)
Silent churnnew category — not coded before
NEW
29 (18%)
OLD
Surcharge
NEW
27 (17%)
OLD
25 (23%)
Competitor
NEW
21 (13%)
OLD
24 (22%)
Payout frequency
NEW
19 (12%)
OLD
11 (10%)
Technical issue
NEW
15 (9%)
OLD
12 (11%)
Contract
NEW
11 (7%)
OLD
7 (6%)
Closed/sold store· involuntarywas ‘closed store / bankruptcy’
NEW
8 (5%)
OLD
6 (6%)
Price
NEW
8 (5%)
OLD
3 (3%)
Delayed delivery / poor servicewas ‘bad service’
NEW
5 (3%)
OLD
4 (4%)
Held payout· involuntarywas ‘issues w/ acquirer / withheld funds’
NEW
5 (3%)
OLD
5 (5%)
Uncategorised
NEW
3 (2%)
OLD
4 (4%)
Cancelled by Flatpay· involuntary
NEW
0 (0%)
OLD
5 (5%)

What changed: on the 162-churn base the old “fraud / closed by acquirer” (32%) resolves into Fraud (25%) and Closed/sold (5%), with 19 takeovers reclassified out of churn entirely; Silent churn emerged as a top-3 reason (18%) where it had no category before; “issues with the acquirer / withheld funds” became Held payout; and “bad service” became “delayed delivery / poor service.” Net effect: a clearer view of what’s actually addressable.

The split

Churn reasons by channel

Takeovers and merchants since re-activated are excluded from both the counts and the totals. Reasons are multi-select, so a merchant can carry more than one and counts exceed the merchant total.

FS – Canvas 45 churned merchants
6 (13%)
6 (13%)
5 (11%)
4 (9%)
4 (9%)
4 (9%)
3
3
3
2
11 (24%)
MCC – Facebook 27 churned merchants
5 (19%)
2
5 (19%)
5 (19%)
3 (11%)
4 (15%)
11 (41%)
MCC – Cold call 42 churned merchants
8 (19%)
7 (17%)
8 (19%)
9 (21%)
10 (24%)
3
3
4 (10%)
3
Silent churnPayout frequencySurchargeCompetitorOverpromised / MissingTechnical issueContractClosed/sold storeDelayed deliveryHeld payoutPriceUncategorisedFraud · excluded from deep dive

Each labelled segment reads count · % of that channel’s churns — e.g. “6 (13%)” means 6 merchants — 13% of the channel’s churns.

Fraud is the largest single bucket in every channel. Setting it aside, silent churn leads the addressable reasons in FS Canvas and Cold call; Facebook is a three-way tie of silent, surcharge and competitor. FS Canvas reflects manual corrections: Nakos is a payout churn (not silent) and Osteria is silent (not technical).

Priority deep dive

FS Canvas — what’s behind each reason

The actionable reasons, each with the numbers up front (count, share, and total expected TPV) and the actual Retention / CS history behind the merchants. Merchant IDs throughout.

Silent churn

6silent churns
13%of FS Canvas churns
0ever called in
£3.0M/yrtotal expected TPV
Six no-contact accounts
Silent churn

Diagnostek (10324005), Tobacconists (4568229), RK Gadget Hub (4493219), BIO Britware (10322153), House of Computers (10094324) and Osteria (10290189). None ever called in — they simply stopped transacting with no reason given. The play is early-life activation, not a retention save.

Payout frequency

6payout-freq churns
13%of FS Canvas churns
2cash-and-carry / weekend
£2.1M/yrtotal expected TPV
GRANGEWAY LOCAL STORE£828k/yr expected TPV
MID 10272740
Payout frequency

The biggest FS Canvas payout churn. Tuesday payouts don’t fit a cash-and-carry restocking on weekends/Mondays — needs daily. Cancelled free of charge.

Tuesday payouts not suitable for cash and carry visits on weekends and Mondays. Requires daily.Cancellation form
Maya Acton£240k/yr expected TPV
MID 10090657
Payout frequency

Tagged delayed-service + payout frequency, but her real story is a ~month-long held payout (Shift4, under investigation). Trust lost.

Nakos£216k/yr expected TPV
MID 4470109
Payout frequency

Reclassified from silent — the churn was a payout issue, not silence.

Toney’s Ices£60k/yr expected TPV
MID 10323527
Payout frequency

Mobile ice-cream van, busiest at weekends: Sunday takings don’t arrive until Tuesday. Compounded by a stalled bank-details change.

Any payment you take on Sunday, you don’t get [until] Tuesday.Retention call
News Plus · Penn Store£600k / £120k /yr
MID 10329602 / 10297024
Payout frequency

News Plus was unhappy with payouts and surcharge and says the SM advised him incorrectly. Penn Store cites payout frequency with no further detail captured.

Surcharge

5surcharge churns
11%of FS Canvas churns
4say mis-sold by SM
£2.0M/yrtotal expected TPV
News Plus£600k/yr expected TPV
MID 10329602
SurchargePayout frequency

Says the SM advised him incorrectly — one of only four merchants across all channels citing explicit mis-selling.

The Chelsea Corner£996k/yr expected TPV
MID 10090121
Surcharge

Surcharge cost-transparency requests, then — decisively — unhappy with the 36-month binding period she says she’d never have signed.

AROMALAB Coffee£240k/yr expected TPV
MID 10342583
Overpromised / MissingSurcharge

Surcharge unhappiness stacked on a POS gap (no kitchen display) they say they already knew about, plus a Dojo preference.

CNR Trade · Slough Plumbing£72k / £120k /yr
MID 10094096 / 10336022
Surcharge

The rest of the bucket resent the fee without a mis-sell narrative — CNR Trade also disliked the web app and Z-report and “doesn’t want Flatpay at any rate.”

Channel 2 · top 3

MCC Facebook

Setting fraud aside, silent, surcharge and competitor account for the bulk of Facebook churn — and surcharge and competitor are tightly linked through a recurring Dojo pull.

Silent churn — 19% of Facebook churns

5silent
19%of FB churns
0raised an issue
£0.5M/yrtotal expected TPV
Five no-contact accounts
Silent churn

MOSHRAHMAN (10318807), MK London (10093555), Munch Now (4673719), Angel Coffee (4532169) and Alba Media (10296676). Only Alba Media ever called — and raised no issue. Early-life silence rather than a hidden problem.

Surcharge — 19% of Facebook churns

5surcharge
19%of FB churns
3in free trial
£7.1M/yrtotal expected TPV
Chefworks£800k/yr expected TPV
MID 10329362
Surcharge

Cancelled in free trial — “feels like his trust has been broken” over the surcharge; the SM had already arranged to collect the machines.

4Lebanese Grill£840k/yr expected TPV
MID 10344895
SurchargeContract

Claims the SM didn’t advise of the surcharge; unhappy with contract length. Declined a 24-month, no-surcharge, 0.49% counter-offer.

Arsenal Supermarket · Ciao Bella£1.0M / £4.2M /yr
MID 10319344 / 10345154
SurchargeCompetitor

Surcharge bundled with a Dojo preference: Arsenal “loved our terminal minus the surcharge” but is locked to Dojo; Ciao Bella pairs surcharge with battery-life and reporting complaints.

Competitor — 19%, and it’s all Dojo

5competitor
19%of FB churns
5/5name Dojo
£5.6M/yrtotal expected TPV
Arsenal Supermarket£1.0M/yr expected TPV
MID 10319344
Competitor

Locked to Dojo by a 2-year business loan — loved our terminal but can’t move. Lending is the lock-in we can’t match.

The Abbey£240k/yr expected TPV
MID 10358835
CompetitorPayout frequency

Previously won back, then a Z-report issue sent them looking; declined 0.56% / 24-month and 0.49%-with-a-Dojo-quote offers.

Moreish Cafe Garden · The Floof Hut£48k / £48k /yr
MID 4559719 / 10338851
Competitor

Moreish flatly “will change this company”; Floof Hut cites Dojo’s lower rate plus a connectivity issue on one branch.

Channel 3 · top 5

MCC Cold call

The most varied channel: missing features and competitor co-lead, with surcharge, silent and payout close behind. Higher expected-TPV accounts appear here than elsewhere.

Overpromised / Missing features — 24%, the co-leader

10overpromised
24%of CC churns
Pay-by-phone#1 gap
£3.6M/yrtotal expected TPV
Megna Tandoori · Pinner Green MOT£240k / £504k /yr
MID 10320667 / 10325692
Overpromised / Missing

Pay by phone / MOTO is the decisive gap. Megna: 75% of payments are over the phone; Pinner Green MOT needs it too. Hot Wok left for a provider that has it.

BOOKS · Mero’s · Meadow Motions£42k / £42k /yr
MID 10294531 / 10085491 / 10091938
Overpromised / Missing

The rest of the gap list: POS / till (BOOKS wants SumUp’s POS + digital tax; Meadow needs a POS), business loans (Mero’s wants funding, going to Dojo) and monthly invoicing (Mumms).

Vimco Food & Wine£1.68M/yr expected TPV
MID 10330325
Overpromised / MissingPayout frequency

Wanted Monday cash-and-carry payouts; the Rapyd switch that would enable it disables AMEX — so we couldn’t satisfy both.

Competitor — 21%, overwhelmingly Dojo

9competitor
21%of CC churns
Dojorate · reports · loans
£2.4M/yrtotal expected TPV
Moca Coffee · Bhanjyang£588k / £180k /yr
MID 10317934 / 10298736
CompetitorSurcharge

The two biggest competitor churns. Moca prefers Dojo’s reporting (+ surcharge unhappiness); Bhanjyang left over price — “too expensive” — and asked for an invoice.

Mero’s fresh pasta£42k/yr expected TPV
MID 10085491
CompetitorOverpromised / Missing

Leaving for Dojo specifically because it offers the business loan they need — the clearest example of lending as the lock-in.

AYVA Bistro · Stucchi£156k/yr +
MID 10095107 / 10320304
Competitor

AYVA wants an invoice for the 36-month binding period on the way out; Stucchi is mid-contract with another provider and wants to leave in trial.

Surcharge — 19% of Cold-call churns

8surcharge
19%of CC churns
mis-ledrecurring claim
£2.9M/yrtotal expected TPV
Speedy 1 Tyres£350k/yr expected TPV
MID 10328117
Surcharge

“Feels mis-led” on the surcharge — the explicit mis-selling claim, echoed by 4Lebanese Grill on Facebook.

SEB Home Foods · Health Defence£360k/yr +
MID 10086970 / 4490639
Surcharge

SEB is losing customers over the fee and has a long-standing Dojo relationship; Health Defence wanted the surcharge removed on corporate/foreign cards.

Moca Coffee · BOOKS£588k / £42k /yr
MID 10317934 / 10294531
SurchargeCompetitor

Surcharge rarely travels alone here — it’s bundled with a competitor pull (Moca→Dojo reporting, BOOKS→SumUp POS + rate).

Payout frequency — 17%

7payout freq
17%of CC churns
daily/Monday/monthlythe three asks
£1.4M/yrtotal expected TPV
The Cock Tavern£480k/yr expected TPV
MID 10298906
Payout frequencyCompetitor

Wants her full revenue paid out, then one invoice at month-end — monthly invoicing, not per-transaction deductions. Mumms Cafe wants the same.

MR Pound Stores£121k/yr expected TPV
MID 10340236
Payout frequency

Cash-and-carry needing Monday-morning payouts to restock — and we couldn’t guarantee a morning payout even switching to Rapyd.

Ramsey Hair · Tropics£96k / £84k /yr
MID 10318384 / 10322375
Payout frequency

Both want daily payouts, which we don’t accommodate; both declined a rate reduction. Perfect Tailoring separately flagged a payout that arrived far short (£65 of a £553 sale).

Silent churn — 19%

8silent
19%of CC churns
1had contact*
£4.8M/yrtotal expected TPV
Eight quiet exits
Silent churn

Ember & Cork, Rendezvous, Life Barbers, Ocean Foods, Auto Arcade, Wendy’s Nails, Seafood For Kings and Viking. Only Viking (10095507) had inbound calls — trading-name edits — and it was Flatpay-cancelled for low TPV. Seafood For Kings (10084197) is the highest-value silent account and worth a direct win-back.

So what

Where to act

Three moves — two reason-specific fixes plus one structural lever.

01

Activate silent accounts before they go quiet

Silent is a top-2 addressable reason in every channel and almost none of these merchants ever called — an early-life engagement gap, not a retention save. A first-90-days activation programme, with direct outreach to the higher-value ones (Seafood For Kings).

02

Tighten surcharge disclosure at the point of sale

Surcharge is 11–19% of churns per channel. Proven mis-selling is a minority (4 explicit “SM didn’t tell me”), but it’s the version we control — make surcharge and the 36-month term explicit at signup. Late removal rarely saves the account.

03

Make it harder to switch back — the cancellation project

A work-in-progress experiment to cancel merchants’ old providers on their behalf, so a churned merchant can’t simply fall back to a dormant previous account. Especially relevant against Dojo/SumUp, where the old contract often stays open and available. Early-stage — worth tracking as a structural retention lever alongside the reason-specific fixes above.