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Advantages of Auditing

DOLLARS ON THE NET is the only payment processing solution that allows you to “audit” your transactions prior to sending them for settlement.

Traditionally, merchants put off batch balancing and verification until their monthly bank statements arrive. This practice puts merchants in a reactive, defensive position, requiring them to correct errors that were made weeks or even months earlier. If errors are discovered after settlement, merchants may pay discount rates for a transaction for which they will ultimately not receive funding, as well as transaction fees for each credit issued. These erroneous transactions cause customer service issues and increase labor costs from retrieval requests.

DOLLARS ON THE NET, however, allows you to correct errors prior to settlement, before they become financial liabilities and/or customer service issues. You can run reports to flag transactions with unresolved problems, balance totals, add missing or inadvertently deleted transactions, edit inaccurate transactions, delete invalid transactions and even reallocate a transaction to another profit center if required. Auditing alone has the power to save you hundreds if not thousands of dollars a month in penalty fees and charge back losses.

 

 

Auditing

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