ECOMMPAY Review

Improved Acceptance Rates

ECOMMPAY offers an intelligent routing feature to ensure that the payments you’re sending and receiving are processed successfully and not declined. Using artificial intelligence, the platform instantly and flexibly determines the most effective routes for incoming and outgoing transactions depending on certain parameters. These include location, currency, card type, issuer, device, and operating system.

You can even change your payment routing rules and settings based on your own business needs and requirements. For example, a customer wants to make a purchase using their HSBC account, but they also have an account with Barclays; so, they will be routed through HSBC automatically.

ECOMMPAY also permits you to create merchant IDs for different currencies and implement an optimal way of splitting payments between accounts. You’ll get the chance to obtain higher payment acceptance rates and expand your coverage with lower expenses.

Reduced Financial Risks

The electronic payment platform enables you to immediately track and address issues that may pose risks to your business. It automatically monitors and analyzes all internal and external events that can affect the flow of payment and payout transactions. ECOMMPAY can detect if there are technical problems occurring in its infrastructure or your own payment systems. In such cases, incoming and outgoing transactions can still be processed in standby mode until the issues are fixed. It keeps your payment processes flow smoothly and prevents you from incurring financial losses.

ECOMMPAY’s Risk Control Management System is tailored and bespoke. Applying artificial intelligence to the scoring of incoming transactions, the security solution boasts a 97% fraud detection rate. ECOMMPAY is teaching its proprietary Risk Control System, which is based on machine learning and accompanied by manual transaction monitoring made by risk control experts. The system accumulates and analyses all historical data and data about the transactions in real time. Based on this research the fraud patterns are identified and blocked, while all suspicious transactions are examined by an experienced risk control specialist. As a result, clients don’t exceed the acceptable chargeback thresholds, high payment acceptance rates are facilitated, and fraud is kept at minimal levels.

Business Intelligence for Merchants

ECOMMPAY provides an intuitive dashboard where merchants can access analytics and reports about their business operations, customers’ payments, and cash flows. You can analyze and control transactions and payments with all the granular data you need. You’ll be able to schedule reports containing any set of parameters and information you want to focus on.

Electronic invoices and payment links can also be created within the merchant dashboard. With this, your customers can quickly and conveniently send their payments online wherever they are, even mail order/telephone order payments. Lastly, you can connect the dashboard with your billing systems and export necessary financial data.

Fintech ecosystem

ECOMMPAY provides a full range of fintech services to simplify your payment processes. The ecosystem’s services include, but are not limited to, 100+ alternative payment methods, consulting on business expansion and licensing, p2p payments, and even education on industry trends. ECOMMPAY’s payment ecosystem allows you to enjoy reduced operational costs in terms of financial and human resources, even if your business is growing fast and works across regions. If your business needs a new service, you already know experts to whom you can address your questions.

Data-driven technologies

The company comes up with solutions based on comprehensive analysis and constant information updates to tailor its technology to your business. ECOMMPAY’S customized bespoke technologies have a lot of additional filters and features, which help its customers be at the forefront of the payment technology. The tailor-made solutions are based on statistics and comprehensive analysis of your industry, conversion, fraud, and other specific data. ECOMMPAY builds its products and adapts solutions to your business needs to increase your profit, while reducing fraud and operational costs.

Global coverage with local expertise

Specialists at ECOMMPAY are global thinkers acting locally. ECOMMPAY has 6 offices worldwide, making the company highly international while having expertise in particular markets and regions. You do not need to work with local payment providers that have business culture you do not understand; instead, you can use one platform to work across the regions. You can complementary consultations with the company’s local Asian, European, UK and CIS experts. The full payment scenario localisation includes market-specific anti-fraud filters, assistance in legal issues, etc.

The expert-to-expert approach

ECOMMPAY provides both fintech expertise and your industry knowledge. ECOMMPAY has an excellent team of 700+ people including 400+ IT specialists. Each business is assigned to a key account manager with at least 5 years of fintech experience, and a personal anti-fraud specialist, as well as the IT support team is always ready to solve your problems. The company takes an individual approach to each client; you always know who to contact and that your enquiry will be processed in a fast and efficient manner.