Effortless Global Transactions with Paysafe:
Streamline payments for your business, clients, and merchants with Paysafe’s secure one-stop integration. Send and receive funds internationally with speed and peace of mind. (Paysafe: relevant Paysafe website)
Automated Paysafe Reconciliation: Free Up Your Time and Money:
Manual tracking of Paysafe fees can be a burden. Cointab Reconciliation automates the process, saving you valuable time and ensuring accurate financial records. Avoid overcharges and discrepancies with our comprehensive software.
Focus on Growth, Not Reconciliation:
Cointab empowers you to focus on business expansion. We believe precise financial data is key to success, which is why we built this cutting-edge solution. Our software meticulously verifies Paysafe reports, identifying any potential issues.
Unmatched Financial Clarity & Peace of Mind:
Gain complete confidence in your Paysafe reconciliation. Cointab acts as your trusted financial partner, providing unparalleled clarity to drive your business forward. Experience the ease of automation and unlock new heights of success.
Reports Needed for Easy Reconciliation:
Paysafe Payment Report:
This report details all transactions processed through the Paysafe payment gateway.
Paysafe Rate Card:
This report outlines the fees associated with different payment methods used with Paysafe.
Result
This guide explains key terms associated with Paysafe reconciliation and highlights the benefits of using Cointab Reconciliation software.
Matching Fees and Taxes:
Fee Correctly Charged:
This occurs when the fee on the rate card matches the fee on your settlement report.
Fee Overcharged:
This happens when the settlement report shows a higher fee than what’s calculated using the rate card.
Fee Undercharged:
This means the settlement report shows a lower fee than the calculated amount.
Tax Accuracy:
Tax Correctly Charged:
The tax calculated using the rate card matches the tax on the settlement report.
Tax Overcharged:
The settlement report shows a higher tax amount than calculated.
Tax Undercharged:
The settlement report shows a lower tax amount than calculated.
Settlement Amount:
Settlement Amount Match:
This occurs when the calculated settlement amount (total amount minus fees and taxes) matches the settlement amount on your report.
Settlement Amount Mismatch: This happens when the calculated settlement amount doesn’t match the one on your report, indicating a potential error.
Benefits of Cointab Reconciliation:
Cointab Reconciliation automates this entire process, eliminating manual effort and minimizing errors. It ensures:
Accurate & Dependable Data:
Gain clear and reliable financial information for informed business decisions.
Optimized Reconciliation: Streamline your reconciliation process, improving efficiency and clarity.
Reduced Risk:
Minimize the risk of errors associated with manual reconciliation.
Cointab: Your Reconciliation Partner
By automating reconciliation and ensuring data accuracy, Cointab empowers businesses to focus on growth.
Further Resources:
Check out our other articles for more information on Paysafe and financial management.
