The Telescope project! Sharing is Caring!
by Gregoire Delpit on
The Telescope project = Build an intelligent payment analyst using machine learning & feed it with millions of transactions.
At ProcessOut we help SaaS & eCommerce improve their payment flow. Whether we talk about payment fees or failed transactions, our objective is to drive those down. To demonstrate how this can be achieved and help online merchants optimise their payment flow we’ve released a free audit & monitoring tool for payments named Telescope.
In a recent post we went through the different layers that compose a payment fee (here). It’s time to talk about money. When it comes to payment fees, there are 2 main pricing models: Tiered and Interchange Plus. Here is a short overview of those 2 models and a quick way to start saving on fees.
Tiered pricing is for newbies: Tiered pricing is pretty easy to understand. Your payment provider defines what is a standard transaction and each standard transaction is charged using the same formula.
A few months ago we decided to completely redesign our dashboard. To do so we started from scratch using ReactJS and our API. Now that everything has been done, here are a few tips we would have liked having before getting into it.
Data organization Most of the time when designing a dashboard you will want to display as much information as possible. It is important to keep in mind that when someone enters your dashboard he does not know where to look at first and might be looking for specific information.
We are starting here a serie of posts on payment fees. The aim is to help you better understand how those fees are calculated and to give concrete insights in order to optimize those. Let’s start with the basics and talk about their different layers.
To get paid… you have to pay: Payment fees are paid on a transaction per transaction basis. Most of the time online merchants are charged both a fixed fee and a % of the transaction.
ProcessOut recently got certified for full PCI DSS (Payment Card Industry Data Security Standard) compliance. We went from zero to being compliant in just three months of an engineer’s time and got our final attestation a few weeks ago.
I’m starting a series of posts about the process, from the basics we stumbled upon, to the techniques that saved us weeks of work. This is some general information to understand how the standard works, and who it applies to.
