Reconciliation in payments is when financial records are compared to ensure accuracy. With a payment orchestration platform users can compare account from across all their Payment Service Providers/Acquirers.
How can a merchant streamline their reconciliation process?
A payment orchestration platform allows merchants and businesses to compare reconciliation data across all their payment service providers/acquirers. In doing so, they can easily spot accounting errors and monitor their data.
Can you see reconciliation data from all payment providers/acquirers in one place?
Yes, the IXOPAY platform not only centralizes all the data but provides it in a uniformed manner so that users are able to see exactly what has happened to their payments.