Paytiko provides an advanced payment management software that is ideal for all online businesses. Its software combines unique features that reflect the entire lifecycle of an online transaction, ensuring comprehensive coverage from approval through to settlement reporting. This broad range of payment features makes the entire process of managing transactions from start to finish simpler, easier, more secure, and faster.
Yet Paytiko takes this one step further by offering its products and services via defined pricing plans and single API integration methods. This makes their payment dashboard more accessible and user-friendly to enterprises looking to combat the endless web of payments. With all this–along with other reasons; it is no wonder how Paytiko has become a trailblazer in the fintech sphere. This article will examine in depth what Paytiko has accomplished thus far to be considered a payment industry leader as well as its future objectives to preserve their leadership stance.
Payment Service Providers
Paytiko has over 500 PSP driven integrations with financial institutions worldwide, unifying an enterprise’s payments across all market geographies. PSP-driven integrations, refers to the process of integrating a payment provider's services into a merchant's platform. These integrations can manage large transactions, allowing merchants to focus on their primary goals. Other benefits include the fact that PSPs can often enable speedier implementation and a more streamlined integration procedure, thereby requiring less technical expertise. Additionally, they can also lower risk by shouldering PCI compliance and fraud prevention responsibilities and providing robust security measures. Finally, PSPs enable global reach at scale by providing easy access to various payment methods based on location and regional payment expertise, to facilitate international expansion.
Due to the aforementioned benefits, Paytiko has chosen to partner with global PSPs such as PayPal, Google Pay, Stripe, MyFatoorah, NetCents, and many others. Paytiko stays ahead of the curve by offering a diverse array of payment providers and constantly searching for new partners to work with. It does so to constantly be able to provide its clientele with robust payment options across their preferred market networks, which helps businesses adhere to their client preferences and needs. Doing so also allows Paytiko to feature the most advanced payment methods and options out there, ahead of its competitors.
Pay Ins & Pay Outs
No matter how many processors a business uses, Paytiko provides merchants with an easy way to navigate incoming and outgoing online transactions. Through unique views on their dashboard, businesses can distinctly view and understand inbound and outbound transactions without getting them confused with other monetary paths. This is coupled with a smart color-coded classification of payment statuses, unique identification numbers for each transaction, as well as concise transactional data such as processor used, date, time, payment method, payment holder, country of origin, currency, settlement amounts, and amounts in alternative currencies. Within their pay in tab, Paytiko makes it easy to correlate disputes, chargebacks, declined, errored and voided transactions against deposits. Paytiko understands the need for personalization as each business is unique. As such, merchants can easily customize their dashboard to fit their business’s needs and style, with filtration of data headers, column layout, and additional accessibility layout features.
By offering such a clear breakdown and differentiation between inbound and outbound transactions, Paytiko spearheads payment management. Unlike other orchestration platforms, Paytiko makes it simple for businesses to differentiate and understand the types of funds coming in and out through status identifiers and other identifying features as mentioned previously. This greater understanding enables businesses to track their bottom line more precisely, as well as giving them a more comprehensive payment overview. All this is essential for financial record keeping.
Refunds
Paytiko distinguishes itself from other payment orchestration platforms, by offering merchants a segmented view of their refunded transactions, separate from that of other outgoing activities. This area, within the Paytiko dashboard, offers the same transactional identification markers and data as discussed in the earlier Pay Ins and Pay Outs section. Here, merchants can execute refunds per customer, currency, payment processor, and more. Additionally, one can also process refunds directly through the Pay Ins section, allowing for more direct and precise navigation of returns.
Through this distinct view, complex data, and complete customization make managing refunds easier. The added benefit of being able to easily distinguish them from other outgoing activities enables a higher level of business productivity. Overall, their unique refunds section demonstrates Paytiko’s attention to detail and ability to understand business needs.
Reporting & Reconciliation
To sum its products and services, Paytiko takes charge in its reporting abilities. Via pertinent parameters like currency, country, payment type, payment processor, CRM account, and card type, merchants may thoroughly analyze an entire payment flow using the Paytiko report tools. Here, Paytiko elegantly breaks down, combines, and examines transactions in terms of approval ratio, overall net amounts, withdrawals, total refused, processor, method, and additional factors into concise charts, graphs, and numerical figures for highest comprehension. Additionally–as with all of its sections; Paytiko allows for full customization, through filters that allow merchants to view data and important indicators based on a particular status, location, period range, and more. Overall, this comprehensive reporting allows for transactional data to be tracked at both a macro and micro level, by using real-time analytics, an intuitive interface, charts and images, and many other metrics.
On the other end of the spectrum, merchants can confidently use Paytiko to effortlessly gather and compute the total amount owed from each connected provider. The use of filters on payment options, time, date, and other information, ensures precision and efficiency. Merchants are further empowered with the ability to make presets of the external data they wish to reconcile inside Paytiko's environment through simple uploads of Excel data sheets. Businesses can compare their data directly, ensuring the accuracy and reliability of their net sums. This is particularly beneficial for businesses dealing with a variety of currencies, markets, and payment providers. In both instances, of reporting and reconciliation, Paytiko has made the entire world of financial management and bookkeeping accessible and simpler.
New Features
Stepping away from its foundations, Paytiko has recently added a plethora of new features that just add to or enhance its systems. Additions such as Pay By Link, Fee Calculator, Payment Method Order, Sticky PSPs, a new UI for PSP Selection, and Smart Routing, are just the beginning for this firm. Paytiko is constantly on the move and in the works towards forging new partnerships with PSPs, updating its UX/UI, and building improvements for its merchant client base. Additionally, Paytiko poises itself towards PR advancements as well, through its attendance at industry leading expos, garnering of awards, and being featured in leading publications. All this clearly demonstrates how Paytiko keenly listens to its client’s needs and acts towards fulfilling and even exceeding them.
Throughout this entire article, it is clear to see how Paytiko is pushing boundaries in the digital payment landscape. The company has developed a platform accommodating over 3,000 merchants from various industries. Their technology offers previously unheard-of ease and transparency as a single payment interface for B2B and B2C transactions. Looking ahead, the company plans to expand its toolkit with more sophisticated analytics and reporting features and new products like merchant bank accounts and direct payment processing through an internal ecosystem to improve its unique selling points.
