Most problems in today’s advanced world have new solutions for more convenient methods and faster transactions. E-payments are one of the methods that provide convenience. Since payments are critical processes, it needs an advanced tool to ensure security, smooth tracking, and compliance of your customer’s and clients’ payments. Continue reading below for more. 

9+ Payment Analytics Software

1. ProfitWell

profitwell

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Rating: 4.9/5

Price: Custom

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2. Databox

databox

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Rating: 5/5

Price: $59/month

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3. BlueSnap

bluesnap

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Rating: 4.7/5

Price: Custom

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4. Putler

putler

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Rating: 5/5

Price: $50/month

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5. ACI Secure ECommerce

aci secure ecommerce

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Rating: 4.7/5

Price: Custom

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6. Payfirma

payfirma

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Rating: 4.8/5

Price: Custom

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7. Yapstone

yapstone

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Rating: 4.3/5

Price: Custom

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8. BNY Mellon NEXEN

bny mellon nexen

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Rating: 3.5/5

Price: Custom

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9. PaySketch

paysketch

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Rating: 4.5/5

Price: Custom

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10. PayMotion

paymotion

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Rating: 5/5

Price: Custom

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What is Payment Analytics Software?

Nowadays, most stores operate on the internet, called eCommerce or digital marketing. These stores collect payments from customers with the option of paying through e-wallet and credit cards. Since tracking online payments from time to time can be hectic and requires flawless processes, manual methods are not enough to handle these critical procedures. That is why experts developed payment analytics software to help you track, remember, and collect payments. These technological tools have numerous features and functionalities, enabling you to perform multiple tasks in a short time and within a single platform. With this software, you can make your job easier and flawlessly.

Benefits

Payment analytics software provides numerous benefits and advantages to your company. Manual methods not only are a lot of work and consume too much time but are also prone to overlooks. Overlooks in this field can lead your business to a fragile situation. With software, you can be confident of your transaction due to its attributes to your management.

Features

Features and functionalities differ depending on the platform. Multiple technology companies developed payment analytics software that offers standard and distinct features. Every software has prioritized features that make them stand out from the rest. Software is contributive. However, you should make sure that they are compatible with your methods. That is why it is advisable to research its capabilities before buying its membership fee. There are various ways to review its reliabilities, such as reading software’s pros and cons or trying their free versions and trials. Below are features you should consider:

Top 10 Payment Analytics Software

1. BNY Mellon NEXEN

BNY Mellon NEXEN is intended to help business clients change their operations to be more flexible, efficient, and fast. BNY Mellon has annual revenue of $15 billion and 48,500 employees.

2. ACI Secure ECommerce

ACI Secure ECommerce includes multilayered fraud management, maintaining compliance, driving profitability, and more advanced features. ACI Worldwide has annual revenue of a billion dollars and 3,768 employees.

3. Yapstone

Yapstone is a payment solution that is all-in-one for marketplaces and platforms with extensive fraud and compliance knowledge. Yapstone has a $55 million annual revenue and 423 employees.

4. BlueSnap

BlueSnap includes mobile payments, multi-currency, online payments, point of sale (POS), and more innovative features. BlueSnap has annual revenue of $30.7 million and 212 employees.

5. ProfitWell

ProfitWell includes account alerts, activity tracking, audit management, cash flow management, customer engagement, and more valuable features. ProfitWell has annual revenue of $12.2 million and 94 employees.

6. Databox

Databox includes ad hoc reporting, channel attribution, customizable dashboard, data visualization, financial reporting, and more advanced features. Databox has annual revenue of $8.3 million and 57 employees.

7. PaySketch

PaySketch is PayPal-centric. It has supersonic speed, real-time, automatic synchronization, archives, customizable, and more innovative features. PaySketch has more than $5 million annual revenue and more than 25 employees.

8. PayMotion

PayMotion includes fraud mitigation, resolution center, chargeback management, analytical reporting, subscription management, and more contributive features. PayMotion has annual revenue of $5 million and 30 employees.

9. Payfirma

Payfirma includes recurring/subscription billing, reporting/analytics, point of sale (POS), cryptocurrency processing, and more helpful features. Payfirma has annual revenue of $3.1 million and 24 employees.

10. Putler

Putler includes predictive analytics, profitability analysis, strategic planning, visual analytics, and more valuable features. Putler has annual revenue of $0.4 million and three employees.

FAQs

What is e-payment?

Most businesses nowadays are on the internet. Since paying with actual money requires quite the effort in online shops, especially when you implement down payments, e-payment exists. E-payment stands for electronic payment, is a system that allows businesses and customers to exchange money using software and the internet. Such methods enable people to pay and transfer money conveniently.

What is an e-wallet?

Theft and burglary are not unusual incidents. These evildoers can take your money and leave nothing behind. that is why an e-wallet exists. E-wallet stands for electronic wallet, allowing people to save money electronically, helping them protect their money from thieves that stoles physical cash from your wallets. E-wallet offers convenient methods and improves security.

Why is payment analytics important?

Payment analytics focuses on the payment data from e-payments and bank transfers. It is the process to see the payment’s statistical analysis and ensure fraud protection, cyber and data security. Payment analytics enables businesses to process payments flawlessly, resulting in flawless transactions. With this method, you can guarantee customer satisfaction.

As we all know, most people shop online. Online shopping provides e-payment options to enable convenient transactions leading firms to provide good customer service. However, fraud incidents are not unusual; payment analytics is essential to evaluate data and ensure security. You can complete multiple tasks effectively and efficiently using payment analytics software.

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