Every successful transaction involving a customer is the result of a complex web of backend operations. Accounting, reconciliation, reporting, payouts, compliance checks, and audit logging are examples of back-office duties that can significantly impact a company’s overall health. Manual processes are not scalable for businesses that handle a large volume...
What to Do When Your Payment Processor Increases Your Fees
The term payment processor fee increase indicates when your payment handling firm (such as Stripe, PayPal, Square or a bank-operated merchant service) raises the expense you pay for managing client payments through credit/debit cards and online transactions. What Do Payment Processors Do? Payment processors form an essential part of electronic...