Paysafe is a reliable payment method that lets business, clients and merchants make easy transactions through a single integration by sending and receiving payments across the globe with speed and security.
Keeping a track of all your finances and the fee charged by Paysafe manually can be time-consuming and complex, but it’s essential to maintain the accuracy of Paysafe charges and avoid potential financial losses. To ensure the precision of your finances and transactions, trust in Cointab Reconciliation.
Discover the power of Cointab Reconciliation, the ultimate software that streamlines and automates the reconciliation process, allowing you to focus on business growth. We firmly believe that precise financial data is the cornerstone of every thriving business, and that’s why we’ve developed this cutting-edge solution for you. Our software meticulously cross-references Paysafe reports with our own, identifying any potential overcharges or miscalculations. With Cointab Reconciliation, you can trust that your payment gateway reconciliation is in expert hands, giving you unparalleled financial clarity to drive your business forward.Experience the ease of automation and unlock new levels of success with Cointab Reconciliation – your trusted partner for financial excellence.
The transactions made through Paysafe payment gateway come under this report.
Paysafe rate card
The fee charged for different payment modes come under this report.
Keeping a track of all your finances and the fee charged by Paysafe manually can be time-consuming and complex, but it’s essential to maintain the accuracy of Paysafe charges and avoid potential financial losses. To ensure the precision of your finances and transactions, trust in Cointab Reconciliation.
Discover the power of Cointab Reconciliation, the ultimate software that streamlines and automates the reconciliation process, allowing you to focus on business growth. We firmly believe that precise financial data is the cornerstone of every thriving business, and that’s why we’ve developed this cutting-edge solution for you. Our software meticulously cross-references Paysafe reports with our own, identifying any potential overcharges or miscalculations. With Cointab Reconciliation, you can trust that your payment gateway reconciliation is in expert hands, giving you unparalleled financial clarity to drive your business forward.Experience the ease of automation and unlock new levels of success with Cointab Reconciliation – your trusted partner for financial excellence.
Reports required for Paysafe payment gateway charges verification:
Paysafe payment reportThe transactions made through Paysafe payment gateway come under this report.
Paysafe rate card
The fee charged for different payment modes come under this report.
Result
Fee correctly charged
The fee is correctly charged when the fee present in the rate card matches the fee present in the settlement report.
Fee overcharged
The fee is overcharged here compared to the calculated amount.
Fee undercharged
Here, the fee is undercharged compared to the calculated amount.
Tax correctly charged
The tax calculated with the help of the rate card matches with the settlement report.
Tax overcharged
Here, the tax present in the payment report is charged more than the calculated amount.
Tax undercharged
In this case, the tax present in the payment report is charged less compared to the calculated amount.
Settlement amount match
The settlement amount is calculated when fee and tax is deducted from the total amount. The settlement amount calculated should match the settlement report, and in this case they match.
(settlement amount = total amount – fees – tax)
Settlement amount mismatch
The tax and fees are deducted from the total amount which gives us the settlement amount. The settlement amount calculated should match the settlement report, and in this case, they do not match.
Cointab Reconciliation is your key to simplifying Paysafe reconciliation, enabling professionals to work with greater effectiveness. Our software automates this crucial process, reducing the reliance on manual effort and minimizing the risk of errors. With Cointab Reconciliation, you can trust in the delivery of accurate and dependable financial data, equipping you to make more informed business decisions. Its advanced features make it an indispensable tool for businesses looking to optimize their reconciliation process, improving operational efficiency and bolstering financial clarity.
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The fee is correctly charged when the fee present in the rate card matches the fee present in the settlement report.
Fee overcharged
The fee is overcharged here compared to the calculated amount.
Fee undercharged
Here, the fee is undercharged compared to the calculated amount.
Tax correctly charged
The tax calculated with the help of the rate card matches with the settlement report.
Tax overcharged
Here, the tax present in the payment report is charged more than the calculated amount.
Tax undercharged
In this case, the tax present in the payment report is charged less compared to the calculated amount.
Settlement amount match
The settlement amount is calculated when fee and tax is deducted from the total amount. The settlement amount calculated should match the settlement report, and in this case they match.
(settlement amount = total amount – fees – tax)
Settlement amount mismatch
The tax and fees are deducted from the total amount which gives us the settlement amount. The settlement amount calculated should match the settlement report, and in this case, they do not match.
Cointab Reconciliation is your key to simplifying Paysafe reconciliation, enabling professionals to work with greater effectiveness. Our software automates this crucial process, reducing the reliance on manual effort and minimizing the risk of errors. With Cointab Reconciliation, you can trust in the delivery of accurate and dependable financial data, equipping you to make more informed business decisions. Its advanced features make it an indispensable tool for businesses looking to optimize their reconciliation process, improving operational efficiency and bolstering financial clarity.
Checkout our other articles-
