eCommerce is growing with a 20.6% CAGR and will be a $200 bn market in the next five years. It is clear that eCommerce is the most promising and equally vulnerable industry and Payment reconciliation is an integral part of the business to keep the wheels moving.
Around 1% to 3% of GMV per month is lost into leakages under various scenarios like overcharges levied by the marketplaces on commissions, pick and pack and weight handling charges, payments due on unpaid order, damage returns, carrier damages, replacement and returns.
Learn more about these intricated scenarios and how to handle it, with us.