Since customers make online payments to pay for an online course, you need to make a payment gateway available on your site. However, it is difficult to check all these payments due to the volume of transactions and time required
Verify all transactions processed through the payment gateway
Check if lesser payment is received from the payment gateway
Determine which payments are still pending
Bank Reconciliation
It is necessary to check if all the payments processed through the payment gateway and the amount that your payment gateway partner claimed to pay has reached your bank account
Verify all settlements received in the bank
Identify the settlements for which the amount paid is lesser than what was required
Check which payments are still pending to be received
Building an online store can be quite a challenging task, especially for small companies. Many entrepreneurs prefer to outsource these kinds of things so that
Reconciliation is a very important aspect of a business using eCommerce services. Through reconciliation, one can track the journey from order placement to whether all
E-commerce is growing in acceptance every day. It is no longer unexpected to find people purchasing and selling on online marketplaces. These online markets give