Powering the Payment Ecosystem with Precision and Speed
In the fast-paced world of digital payments, accuracy and speed are paramount. Reconwizz offers a purpose-built reconciliation platform for PSPs, Payment Gateways, and Acquirers to automate complex settlement processes, manage merchant payouts, and protect revenue.
Optimize Your OperationsNavigating a Multi-Party Maze
Processor & Acquirer Files
Reconciling your gateway transactions against complex, multi-format files from various acquiring banks and processors is a major operational bottleneck.
Merchant Payout Accuracy
Calculating net payouts after deducting complex fees, commissions, and rolling reserves is critical. Errors can damage merchant trust and lead to disputes.
Revenue Leakage from Chargebacks
Inefficiently managing the chargeback and dispute lifecycle leads to missed deadlines and lost revenue, directly impacting your bottom line.
Complex Fee Structures
Verifying intricate fee calculations—interchange, scheme fees, processor markups—is vital for profitability but nearly impossible to do accurately at scale with manual methods.
Automate Processor Reconciliation
Achieve daily clarity on your funds. Reconwizz provides a single source of truth by automating the reconciliation of your gateway transactions against acquirer and processor files.
- Ingest and normalize settlement files from any processor or bank in any format.
- Automate the verification of complex fee structures to ensure profitability.
- Reconcile transaction-level data to identify and resolve discrepancies instantly.
- Gain a clear, daily view of your net settlement position for better cash management.
Streamline Merchant Settlements
Build trust and loyalty with your merchants through timely and accurate payouts. Reconwizz automates the entire settlement calculation and reporting process.
- Automatically calculate net payouts, including fees, commissions, and rolling reserves.
- Generate detailed settlement reports for your merchants, enhancing transparency.
- Create automated payout files for your banking partners to streamline payments.
- Manage and reconcile merchant funding and account balances with precision.
Your Questions Answered
Reconwizz automates merchant settlement by first reconciling your gateway transactions against the funds received from your acquiring bank. Then, our flexible rules engine automatically calculates each merchant's net payout by deducting transaction fees, commissions, chargebacks, and applying any rolling reserve rules. Finally, it can generate a payout file for your bank to process the payments.
Yes, absolutely. Our platform is designed to be data-agnostic. We can ingest and normalize settlement and transaction files in any format (like CSV, XML, BAI2, etc.) from any number of different processors and acquiring partners, creating a single, unified view for reconciliation.
Reconwizz protects your revenue in two key ways. First, it can be configured to verify complex interchange and scheme fee calculations on every transaction, ensuring you are not being overcharged by processors. Second, our chargeback automation module provides a structured workflow and tracks deadlines to ensure you can effectively dispute chargebacks and minimize revenue lost to write-offs.