Reconciliation of Travel Billing

Finally, let us discuss reconciliation. Channel reconciliation and internalsaas payment gateway reconciliation are the two types of reconciliation management. Internal reconciliation must ensure the consistency of transaction orders, payment orders, and financial details, while channel reconciliation must ensure the consistency of clearing funds and payment order status.

In general, the reconciliation process includes the following steps: obtaining the reconciliation statement, formatting the statement data, verifying the consistency of transaction amount and order status, and handling errors.

Long and short payments are the most common types of errors. A long payment in the merchant dimension is when the merchant receives more money. Long payments are usually the result of incorrect order status and duplicate payments. Short payment occurs when the merchant receives less money than expected, which is more likely in the business interface between third-party institutions and banking systems.

We strongly advise against using automatic processing for order error processing. This must be handled with caution because it involves the entry and exit of funds.

Routing of Payments

Merchants frequently inquire about the need for payment routing. In fact, at the moment, the payment gateway needs to dock different payment products; however, when the entrance of that payment product is unique, payment routing design is impossible to carry out; the most direct example is and. However, many banks have now become agents for and support their offline and online payment products. It is possible to do some payment routing processing under this premise. Payment routing is generally designed with the following factors in mind: cost, stability, and traffic balance. Furthermore, payment routing encompasses not only the routing of a payment request, but also the subsequent processing of payment results and fund reconciliation, both of which necessitate careful analysis and processing.

To summarize, we have introduced a payment gateway via an order processing process that includes several sections, including financial management, business management, routing management, channel management, and risk control management. However, as a payment gateway, we must also perform access management, traffic control, and access control. We must provide basic platform support, monitor system status, and manage internal operations and maintenance.