Congrify

Alexander Durkov & Ben Johnson officially welcome to the team!

💳 Understanding the Costs of Card Scheme Programs: Navigating the complex world of payment processing can be challenging, especially when it comes to the costs associated with card schemes. In the latest installment of our series on payment costs, we dive deep into the various expenses tied to card scheme programs, including the often-overlooked costs of chargeback programs, shedding light on what merchants and payment providers need to know to optimize their operations. 👉 Explore the detailed breakdown of these costs and discover strategies to manage them effectively. Read more here: https://lnkd.in/dJeGD6jm #Payments #Fintech #CardSchemes #MerchantServices #PaymentProcessing #Chargebacks

📢 Understanding the True Costs of Chargebacks and Fraud Navigating the complexities of chargebacks and fraud is crucial for businesses today. In our latest blog, we break down the real costs associated with chargebacks—from lost revenue and merchandise to increased transaction fees and operational costs. Discover effective strategies to manage these expenses and protect your bottom line. Key Takeaways: - 📉 Real costs beyond the initial chargeback - 💸 Impact on merchant reputation and fees - 🛡️ Effective prevention and management strategies - 🔧 Innovative solutions for fraud prevention 👉 Read more: https://lnkd.in/dCRNNeJA

🚀 Costs in payments - part 2: different contributors of costs 📊 We analyze data every day, and one of the most complex challenges is providing clarity to payment cost models and structures. Through discussions with numerous companies and payment experts, there's a general agreement about the enormous complexity and lack of transparency in payment costs. Our mission is to bring clarity by offering detailed observability and deconstructing the underlying logic. With our team's efforts, we've summarized how costs related to interchange, processing, and scheme fees work, aiming to make this complex topic clearer and more understandable. 👉 Read the full post https://lnkd.in/dmCZVCiu #Payments #Fintech #CostManagement #Ecommerce #BusinessInsights

Understanding the costs associated with payment processing is crucial for businesses. This article from Congrify, part of a series based on our experience and conversations with payment experts, explores two primary pricing models: 📊 Interchange ++: Offers transparency by breaking down fees into interchange, card scheme, and acquiring markup components. 💳 Blended Pricing: Combines these into a single flat fee for simplicity. The choice between these models depends on business size, transaction volume, and payment method distribution. For detailed insights on optimizing payment costs, read more on our blog. https://lnkd.in/dj2AZJeJ #payments #costs #fees #cards #pricing #ic++

🔍 One of the biggest mysteries in the payments industry is why each payment service provider gets so creative in deciding the decline reason codes to assign to transactions. Wouldn't it be easier to call the same things in the same ways? 💳 Understanding why payment transactions fail is crucial for improving conversion rates and ensuring a seamless customer experience. 📊 It's essential for companies to have data consistency across various payment service providers to effectively analyze and address transaction issues. 🔧 Discovering how it can impact your business and make your life as a payment manager easier. To understand how we do this, talk to us directly. Read the full article here: https://lnkd.in/d4CYXDk6 #payments #data #declines #intelligence #optimization

🔍 The Ultimate Portal for All Your Payment Analytics! 📊 Unlocking the full potential of your payment data is crucial for any business. Our latest blog post introduces Congrify's comprehensive solution for all your payment analytics needs. With Congrify's platform, you can seamlessly integrate and analyze payment data from multiple sources, gain real-time insights into your payment performance, and enhance decision-making with powerful data visualizations. Additionally, you can manage and reduce costs effectively while improving your sales and payment performances. Whether you’re building your own solution or looking to purchase one, having a robust payment analytics platform is essential for optimizing payment processes and driving growth. Read the full post here 👉 https://lnkd.in/dbv6SSdS #PaymentAnalytics #Fintech #DataInsights #Congrify #PaymentSolutions #BusinessGrowth

Say goodbye to the complexities of traditional ETL processes and hello to seamless data synchronization with your Snowflake account in just minutes! Our solution simplifies accessing and managing payment data, ensuring uninterrupted data flow and providing comprehensive insights for financial reconciliation, cost analysis, fraud investigation, and more. Maximize efficiency and accuracy with our innovative approach. Ready to transform your payment data management? Learn more and schedule a demo today!

The Congrify’s team is very excited to be part of the 2024 Merchant Payments Ecosystem startup innovation cohort! Don’t miss our pitch on 12th of March! Congratulations as well to all the other selected startups! #payments #data #reconciliation #intelligence

We are competing at the E-commerce Germany Awards in the category "Best Analytics & BI Solution". The event brings together many companies working in e-commerce and payments it will be held in Berlin on February 22nd and it's organized by E-Commerce Berlin EXPO. You can vote Congrify by using the link below https://lnkd.in/dR4FdJ2E Additionally you can meet with us at the event! #payments #analytics #data