Ever wondered why handling credit card transactions as a business
is so challenging?
It boils down to 4 main issues.
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99% of data is withheld from you by the payment processing industry.
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The error ratio is high for credit card data because the payment processing industry's system requires a minimum of 19 touch-points.
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Not all credit card transactions from gateways & terminals make it to the payment processing platforms for settlement & funding.
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Most businesses are out-sourcing their sales process, thus they are unaware of what they should be trying to reconcile & balance to.
Our APIs and web app provides insight so that you can be accurately informed. You want to continue business with your quality clients, while protecting yourself from your unfavorable customers. You want to also try to recovery funds on declined sales that are errors by banks and the payments industry causing unwarranted declines.
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You need an advocate with comprehensive access to all available credit card data. We are currently the only industry advocate that has the solutions you need.
Recovery Services
The average industry decline rate for card-not-present (CNP) transactions is over 21% and increasing. If you do on-line sales, recurring billing, subscriptions, financing, etc. you are being negatively impacted by the industry's faulty fraud monitoring process that is decline too many good transactions.
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Our services IDENTIFY these opportunities and use our proprietary and proven system to INCREASE your changes of revenue recovery.
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Contact us today to use our Eight Tech Recovery Services and unlock the key to increased funding.
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Please download our Case Study to see how we compare to other "so called" industry leaders.
Reconcile & Balanced Data
Accurate data let's you understand your trends and analyze actions to take to increase the success of your credit/debit card transactions.
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We identify fraud, bad cardholders, industry errors, tax issues, etc.
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Many of the problems from failed transactions are caused by the activity and behaviors of your systems. Knowing what they are allow you to make appropriate changes for the better.
The "Mystery" of Fees
Payment processing fees are one of the most misunderstood aspects of credit/debit card processing. As such, many processors take advantage of you. Look for an honest processor, if you want we can help you find one.
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Most of the fees are collected by the banks and the Card Networks (Visa, MasterCard, American Express, and Discover). They typically raise their fees (typically known as "interchange fees", "discount", and "card brand fees") every 6 months in April and October.
We balance your fees and let you know if there is anything you can do to lower them. Many of your unknown actions cause your fees to increase, such as not including an invoice number on each of your sales.
Accounting Journal Entries
As prior CFOs, our founders understand the time and complexity of trying to create the proper journal entries for credit/debit card transactions. In fact, many accountants struggle so much that they are doing cash-basis entries on their accrual-basis books.
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Our product provides perfectly balanced debit and credit journal entries, following G.A.A.P. rules in both accrual and cash basis methodologies.
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Handling the complexities of multiple decline attempts, test transactions, and other items that should not be calculated in the journal entry. Items that the rest of the industry cannot identify.
