Coinworld.com Report:
Paytiko has introduced an advanced payment management software ideal for all online businesses. Its software incorporates unique features that reflect the entire lifecycle of online transactions, ensuring comprehensive coverage from approval to settlement reports. This broad range of payment functionalities simplifies, streamlines, secures, and accelerates the entire transaction management process from start to finish.
Moreover, Paytiko goes further by offering products and services through defined pricing plans and a unified API integration approach. This makes their payment dashboard more accessible and user-friendly for enterprises aiming to navigate the complexities of the payment landscape effectively. With these advantages, among others, it’s no wonder Paytiko has become a pioneer in the fintech sector. This article delves into Paytiko’s achievements to date and its future goals to maintain its leadership position.
Payment Service Provider:
Paytiko has conducted over 500 PSP-driven integrations with global financial institutions, harmonizing payments for businesses across all market regions. PSP-driven integration involves integrating payment service providers’ services into merchant platforms, enabling management of large-scale transactions and allowing merchants to focus on their core objectives. Additional benefits include faster implementation times, streamlined integration processes, and reduced reliance on technical expertise. Furthermore, PSPs mitigate risks by handling PCI compliance, fraud prevention responsibilities, and offering robust security measures. Lastly, PSPs facilitate global coverage by providing expertise in localized and regional payment methods, thereby promoting international expansion.
Given these advantages, Paytiko collaborates with global PSPs such as PayPal, Google Pay, Stripe, MyFatoorah, and NetCents. By diversifying payment providers and continuously seeking new partnerships, Paytiko maintains its leading position. This strategy ensures robust payment choices aligned with customer preferences and demands in their preferred market networks, allowing Paytiko to adopt cutting-edge payment methods and options ahead of competitors.
Incomes and Outcomes:
Regardless of how many processors a business employs, Paytiko offers a straightforward way for merchants to navigate inbound and outbound online transactions. Through unique views on the dashboard, businesses can clearly monitor and understand inbound and outbound transactions without confusing them with other currency paths. This clarity is enhanced by intelligent color-coded categorization of payment statuses, unique transaction identifiers per transaction, and concise transaction data including processor used, date, time, payment method, payer, country of origin, currency, settlement amount, and alternate currency amount. With these features in their payment toolkit, Paytiko seamlessly associates disputes, refunds, rejections, errors, and invalid transactions with deposits. Recognizing the need for personalization, businesses can easily customize dashboards through data title filtering, column layouts, and additional accessibility features to meet their business requirements and style.
By providing such clear segmentation and differentiation between inbound and outbound transactions, Paytiko leads in payment management. Unlike other aggregation platforms, Paytiko enables businesses to differentiate and comprehend the types of incoming and outgoing funds simply through status identifiers and other identification features. This deeper understanding allows businesses to track their bottom line more accurately and provides them with a comprehensive overview of payments, crucial for financial record-keeping.
Refunds:
Distinguishing itself from other payment coordination platforms, Paytiko offers a segmented view of refund transactions, distinct from views on other outbound activities. This section of the Paytiko dashboard provides transaction identification marks and data discussed earlier in the Pay Ins and Pay Outs sections. Here, merchants can execute refunds based on customers, currencies, payment processors, and more. Additionally, refunds can be processed directly through the Pay-Ins section for more direct and precise refund navigation. This unique view, combined with complex data and full customization, simplifies refund management, enhancing business productivity by easily distinguishing it from other outbound activities.
Reports and Reconciliation:
Summarizing its products and services, Paytiko excels in reporting capabilities. Businesses can thoroughly analyze the entire payment process through Paytiko’s reporting tools using parameters such as currency, country/region, payment types, payment processors, CRM accounts, and card types. Paytiko elegantly breaks down, combines, and examines transactions in aspects such as approval rates, total net amounts, withdrawals, total rejection amounts, processors, methods, and other factors into concise charts and figures for maximum understanding. Furthermore, akin to all sections, Paytiko allows comprehensive customization through filters, enabling businesses to view data and key metrics based on specific statuses, locations, time ranges, and more. Overall, this comprehensive reporting enables tracking of transaction data at macro and micro levels through real-time analytics, intuitive interfaces, charts, images, and numerous other indicators.
On the other hand, businesses can confidently use Paytiko to easily collect and compute total outstanding amounts owed to each connecting provider. Using filters for payment options, time, date, and other information ensures accuracy and efficiency. Businesses can also seamlessly upload Excel spreadsheets to pre-set external data they wish to reconcile within the Paytiko environment. This ability to directly compare data ensures accuracy and reliability of their net amounts, particularly beneficial for businesses dealing with various currencies, markets, and payment providers. In both cases, Paytiko simplifies the entire financial management and accounting world through its reporting and reconciliation capabilities.
New Features:
Breaking away from its foundation, Paytiko recently added numerous new features, enhancing or adding to its system. Additions such as link-based payments, fee calculators, payment method ordering, sticky PSPs, new UI for PSP selection, and smart routing are just the beginning for this company. Paytiko continues to strive for new partnerships with PSPs, updates its user experience/interface, and improves for its merchant clientele. Additionally, Paytiko actively engages in industry-leading exhibitions, earns awards, and features prominently in mainstream publications, demonstrating its keen responsiveness to customer needs and initiatives to meet and exceed these demands.
Throughout the entire article, it is clear how Paytiko pushes boundaries in the digital payment realm. The company has developed a platform accommodating over 3,000 merchants from various industries. Their technology serves as a unified payment interface for B2B and B2C transactions, offering unprecedented ease and transparency. Looking ahead, the company plans to expand its toolkit through an internal ecosystem, offering more advanced analytics and reporting capabilities, as well as new products like corporate bank accounts and direct payment processing to enhance its unique selling points.
