What does Payment Optimization mean?
Payment processing is a complex service and a very important part of your website. When you cannot accept money from your clients, you lose money. Payment optimization increases the total turnover, simply by enhancing all features and improving the bottom line.
Optimizing payments helps to increase revenues by understanding what the most important components of your processing cycle are: gateway, merchant account, risk, prices, why there are declined deals and many more factors.
Main reasons for running a payment processing optimization:
• Simplifying your payment processing
• Lowering maintenance fees, processing fees, merchant accounts fees
• Reducing declined transactions to the minimum
• Merchant account suitability
• On-going analytics
Payment consultants will perform a thorough analysis and audit of your current methods of payment and put forth a strategy to help your business optimize payment processing systems, including finding you the lowest payment processing costs.